Key Benefits
A reimbursement for you. More value for your tenants.
Reimbursement funds of up to $4,000 per unit can offset upfront capital costs of construction and installation with natural gas piping and venting. You may even save money depending on the energy sources used in the project.
Make your apartment more appealing to potential tenants with luxury natural gas amenities. A more competitive apartment building can reduce vacancy periods and minimize renter turnover, which can often be costly.
Offering your tenants natural gas amenities and appliances has the potential to increase your operating income. You may be able to charge a premium on rent and save money on lower ongoing maintenance and utility costs.
Tankless water heaters, which run on natural gas, are much smaller than traditional storage tank water heaters, allowing you to optimize valuable square footage in each unit. Tankless water heaters also provide your tenants with infinite hot water and lower bills.
Program Overview
Reimbursements are available for multi-family developments constructed in the state of Oklahoma that fulfill the following:
- At least four units under one roof
- Each unit must have an installed natural gas furnace or water heater, plus one more natural gas appliance, for a total of two installed natural gas appliances.
- An individual natural gas meter for each unit
- Must be an Oklahoma Natural Gas customer
Do the math on your project:
-
$200,000 [3] Reimbursment -
$400,000 [3] Reimbursment -
$600,000 [3] Reimbursment -
$800,000 [3] Reimbursment -
$1,000,000 [3] Reimbursment
Reimbursement Process
The process of earning your reimbursement is easy, especially with Oklahoma Natural Gas by your side.
The Partnership
Oklahoma Natural Gas is a customer-focused utility company that strives to be as responsive and easy to work with as possible.
Oklahoma Natural Gas has an entire team dedicated to making the process of outfitting your multi-family development with natural gas the no-fuss and financially sound option.
We’re customer-focused, which means we’ll take steps to work with you and be flexible with your project — including providing the natural gas infrastructure necessary for your project.
Steven Watts
CEO, Rose Rock Development Partners
How We Work With You
See if our program can improve your ROI.
Our team will work hand-in-hand with you and your team from the application process all the way to completion of your project.
Let Us Help You Do The Math
Case Studies
Success Story
Historic Adams Building in Downtown Tulsa
How a Tulsa developer avoided a costly electrical vault upgrade using the Oklahoma Natural Gas Multi-Family Reimbursement Program
- Number of Units: 65 units
- Location: Tulsa, Oklahoma
- Natural Gas Appliances: Range, water heater, furnace
Appeal to Tenants
The rental market is changing and more competitive than ever. Natural gas can help make your building stand out in a crowded landscape.
From millennials to baby boomers, Americans are changing what home ownership looks like, preferring to rent rather than purchase a home. Young professionals are staying single longer and enjoying the convenience of renting, while older empty nesters want to downsize and simplify their lifestyles.
However, renters still desire the amenities that a house offers. By offering natural gas appliances and luxury experiences, you can market your apartment directly to these potential tenants.
Reasons to Choose Natural GasNatural gas delivers warmer heat, faster. It provides luxury experiences like an infinite supply of hot water and precision temperature control when cooking a meal. Plus, you can save money with natural gas appliances because of the lower maintenance and repair costs.
Natural gas is more environmentally friendlyToday’s renters are conscious of the environmental impacts of their lifestyle choices. Natural gas offers a more energy-efficient alternative to electricity. It’s worth pointing out to tenants that not only can they reduce carbon emissions by living in a unit powered by natural gas, they can also save money on their energy bills.
Contact Us
Want to learn more about this program? Our team is ready to help.
Fill out the form and we will follow up within 1-2 business days.