Multifamily property owners and managers across Oregon and Washington are embracing energy-efficient upgrades, creating more comfortable, cost-effective and sustainable living spaces for their residents. Energy Trust of Oregon has been a trusted partner in this effort since 2002, offering cash incentives and expert guidance to help multifamily property owners reduce energy use and operating costs.
As we look to 2025, Energy Trust is excited to unveil updated incentives designed to make it even easier for multifamily properties to invest in energy-saving improvements. From duplexes to high-rise apartments and assisted living communities, these upgrades empower property owners and managers to enhance tenant satisfaction, reduce expenses and contribute to a greener, more sustainable future.
New 2025 equipment incentives
Starting this year, multifamily property owners in Oregon and Southwest Washington can take advantage of brand new incentives to save on qualifying equipment upgrades:
| Equipment | Incentive | State Eligibility |
|---|---|---|
| Gas Combination Oven (5-40 pan capacity) | $500 each | OR only |
| Gas Convection Oven (full-size) | $500 each | OR only |
| Electric Griddle (single-sided) | $1,000 each | OR only |
| Gas Griddle (single-sided) | $1,000 each | OR and WA |
| High Efficiency Gas Fryer | $1,500-$2,000 each | OR and WA |
| High Efficiency Electric Fryer | $800-$1,000 each | OR only |
| Commercial Stationary and Conveyor Dishwasher – new types added | $750-1,200 each | OR only |
| Forced Circulation Generator Block Heater – new tier added | $12,000-$22,000 per unit for heat pump type | OR only |
Increased 2025 equipment incentives
Electric oven incentives are increasing in 2025, making it the perfect time to upgrade to qualifying models if you operate a commercial kitchen:
| Equipment | Incentive | State Eligibility |
|---|---|---|
| Electric Combination Oven (5-40 pan capacity) | $600-$3,000 each | OR only |
| Electric Convection Oven (full- size) | $1,000 each | OR only |
More energy-saving opportunities
Beyond the incentives listed above, Energy Trust offers additional incentives for a variety of equipment upgrades that help multifamily properties save energy and reduce utility costs for both residents and property owners.
Windows: Replacing old windows can reduce heat and air conditioning loss leading to considerable energy savings. Energy-efficient windows provide extra thermal insulation and reduce outside noise for a quieter and more comfortable environment. Energy Trust offers $1-1.50 per square foot for upgrades at side-by-side or plex properties and up to $12 per square foot for upgrades at stacked structures with 5 or more units.
Insulation: Insulation is an easy, cost-effective way to make your property more comfortable and keep temperatures consistent year-round. Preventing air leaks with energy-efficient insulation reduces energy use resulting in lower heating and cooling costs. Cash incentives for attic, wall and floor insulation upgrades range from $0.25 to $1.90 per installed square foot.
Custom equipment upgrades: For energy-efficient upgrades that go beyond common equipment upgrades, Energy Trust provides incentives based on how much energy your project is estimated to save. Custom equipment upgrades often pay for themselves through reduced costs in just a few years.
Benefits of energy-efficient equipment upgrades
By offering cash incentives for equipment upgrades, Energy Trust helps multifamily property owners and managers unlock the benefits of energy-efficiency improvements while minimizing out-of-pocket costs. With benefits varying by equipment type, energy-efficiency upgrades make a difference by:
- Reducing energy waste: Energy-efficient equipment is designed to optimize the use of resources like gas and electricity, helping prevent overuse and reduce waste across your property.
- Lowering utility bills: Energy-efficient upgrades reduce energy consumption, leading to lower utility bills for your residents – a benefit that adds value to their living experience and supports tenant satisfaction.
- Enhancing tenant comfort: Upgrading equipment like HVAC and insulation creates a more comfortable living environment for residents.
- Supporting state energy goals: Oregon and Washington recently passed state legislature that will require multifamily properties more than 35,000 square feet in Oregon and more than 20,000 square feet in Washington to meet specific energy use targets. Energy-efficiency improvements will help multifamily properties meet these requirements, while supporting statewide green initiatives.
Whether you’re taking advantage of new, increased or existing incentives, Energy Trust has all the tools to make your energy-efficiency upgrades affordable and attainable this year. To learn more visit www.energytrust.org/multifamily. For questions or assistance, contact our team of energy advisors by emailing multifamily@energytrust.org or calling 1.877.510.2130.