Multi-family Rental Property Incentives

Improvements we'll help you pay for

Insulation Rebates

We offer rebates for insulating floors, walls, and attics. Rebate amounts and what they cover depend on how many stories your property has.

Rebate amounts

• Low-rise properties with three stories or fewer receive a $0.80/square foot rebate for insulation installed in the floor, attic, and walls.
• The rebate for high-rise properties with four or more stories is $1.50/square foot for insulation installed in the attic and walls only.

Requirements to qualify

• Tacoma Power must pre-approve your application and project.
• Installation must be done by a Tacoma Power Participating contractor.
• The property’s primary heat source is electric.
• Tacoma Power serves the property.
• For properties with knob and tube wiring, a “passing” report by a journeyman electrician is required prior to project approval.
• Existing insulation must be:
  • Attic: R11 or less
  • Floor: R11 or less
  • Wall R0

Not eligible

• New construction
• Properties undergoing a major remodel where building code requires insulation upgrades

Window Rebates

We offer rebates to replace single-pane windows and double-pane metal windows. The rebate amount depends on the type of windows you’re replacing and how many stories your property has.

Rebate amounts

• The rebate for single-pane window replacements in low-rise properties with three stories or less is $12/square foot.
• The rebate for single-pane window replacement in high-rise properties with four or more stories is $8/square foot.
• The rebate for double-pane metal window replacements in low-rise properties with three stories or less is $8/square foot.
• We do not offer a rebate for double-pane metal window replacements in properties with more than three stories.

Requirements to qualify

• • • Tacoma Power must pre-approve your application and project.
    • Installation must be done by a Tacoma Power Participating contractor.
    • The property’s primary heat source is electric.
    • Tacoma Power serves the property.

Hybrid Water Heater Rebate

If the water heaters in your rental properties are more than 10 years old, it’s time to replace them. Unplanned water heater replacements often bring high stress, high costs, and few options.

Rebate amount

We offer a $500 rebate for each standard electric water heater replaced with a hybrid version, commonly called a heat pump water heater. The rebate covers materials (not labor) and cannot exceed the cost of your materials.

Requirements to qualify

Unlike other multi-family incentives, water heater replacements do not require pre-approval by Tacoma Power or installation by a Participating Contractor.

Instead, you or any contractor of your choice can buy and install any qualifying hybrid water heater.

In order to qualify for the rebate, you must also:

• Install the water heaters in properties served by Tacoma Power.
• Obtain all relevant permits before installation.
• Adhere to these water heater program specifications.
• Install the water heater according to the manufacturer’s specifications.

Not eligible

• New construction

How to apply for a rebate

Within 90 days of installation, submit this printed rebate application or use our online rebate form, and include a copy of your receipt.

Lighting Rebate Details

On average, lighting accounts for 20-40% of the total electric bill for multi-unit properties, so installing energy-efficient LED bulbs can help you save money and use less energy.

See our Bright Rebates page for details on Multi-family and Condo LED rebates.