Green buildings saved renters $72M, Fannie Mae says

by Emily Chasan, Bloomberg

Using energy-efficient light bulbs, low-flow toilets and environmentally friendly heating and cooling systems cut the utility bills of some 550,000 renters over the last six years, adding as much as $72 million in annual savings, according to a new report from Fannie Mae.

The government-controlled mortgage giant recently published the first results from an eight-year-old program that encourages landlords to make energy improvements, for the sake of both the planet and renters’ finances. On average, renters saved about $145 per year. Across 200,000 buildings, landlords saved $33 million on utility costs.

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