Green Cost Share
The City of Minneapolis created the Green Cost Share connect property owners with a variety of energy savings programs including energy efficiency upgrades and solar installation. Multifamily rental property owners can apply for:
The commercial and multifamily property owners with five units or more can apply for a City match of the total project cost make upgrades to reduce energy use. The base match is 20% up to $20,000 with a maximum match of 25% up to $75,000 for energy benchmarked buildings.
The Solar Program offers rental property owners with at least 5 properties (multifamily 3+ units) can qualify for up to $50,000 in funding to support solar installation - 20% of units must be environmental justice or affordable housing.
Sources
- https://www.minneapolismn.gov/government/programs-initiatives/environmental-programs/green-cost-share/
- https://www.minneapolismn.gov/government/programs-initiatives/environmental-programs/green-cost-share/solar/
- https://www.minneapolismn.gov/government/programs-initiatives/environmental-programs/green-cost-share/energy-efficiency/commercial-multifamily/#d.en.156090
Last updated: Nov. 8, 2024
Program details
City: Minneapolis
Program geography: City
Entities involved: City Government
Market Category: Lower-Cost and Higher-Cost Market
Tool Category: Support for-profit Owners - Buy Rehab and Operate Existing Buildings
Tool Description: Match Program
Building type: 3+ units or 5+ units depending on the program
Target tenants: at or below 60% AMI
Affordability restrictions: Yes. Dependent on program
Funding sources: City Funding