Multifamily New Construction
Earn incentives for new multifamily buildings
This program takes a whole building performance approach, and pays you for each unit of energy saved. The more energy you save , the more you’ll earn. Engage with us early in the design process to leverage incentives for energy-efficient equipment and measures.
What you get
The total value of your New Construction grant depends on your energy saved. The incentive rates are shown below, and are calculated using Net Energy Optimizer. Incentive rates are 50% higher for affordable housing projects (see definition below).
Grant estimation approach
Whole building performance using Net Energy Optimizer
Standard: $0.45/kWh or $8/therm*
Affordable Housing: $0.68/kWh or $12/therm*
Grant applies to Equipment and installation.
Affordable housing projects
PSE provides at 50% bonus multiplier (beyond that of market rate projects) for affordable housing projects. To be eligible, the project must meet Washington State Housing Finance Commission low income housing requirements, listed below.
- At least 40% of the total housing units in a project must be rented to residents with incomes at or below 60% of the AMI adjusted for household size
- At least 20% of the total housing units in a project must be rented to residents with incomes at or below 50% of the AMI adjusted for household size.
- Income Averaging - allows units to serve households earning as much as 80% of the AMI as long as the average income/rent limit in the property is 60% or less of AMI
The project owner must submit one of the following supporting documents:
- A Regulatory Agreement for Covenants and Easements for Low Income Housing
- An approval letter from the Washington State Housing Finance Commission
The bonus is applied to the total incentive amount (including any exterior/parking garage lighting incentives).
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To be eligible for PSE's Multifamily New Construction program:
- You must currently be or plan to become a PSE business electric and/or natural gas customer.
- Your new property must be a multifamily or mixed-use dwelling with at least four attached units.
- Your new property must be within PSE's electric and/or natural gas service area(s).
- You must be pre-approved by PSE prior to installing any energy efficiency improvement measure(s).
- Project must be in the design or construction phase.
How you apply
To get started with PSE’s Multifamily New Construction program, please fill out the application or contact John Bringenberg, outreach manager, at 720-289-3289 or PSENewConstruction@willdan.com.
Become a Sustainability Star
For personalized advice, contact an Energy Advisor.
Or call 1-800-562-1482.
Request a PSE Recommended Energy Professional (REP) to complete your energy efficient improvement upgrade.