Developers can earn additional rebates with the purchase and installation of energy-efficient natural gas appliances.
Ask Us A Question[1] This is an approximate amount. Maximum amount per unit is based on rate schedule 101-B and tariff 1081. [2] Subject to funds availability.
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.
[3] Calculation based on $4,000 reimbursement per unit. Does not include rebates.
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.
Oklahoma Natural Gas really has an advantage in that they're just more customer-focused when it comes to apartments.
Steven Watts
CEO, Rose Rock Development Partners
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.
Natural gas offers immediate, infinite and precise heat
Natural 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 friendly
Today’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.
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