Multifamily owners and operators
Upgrades for your multifamily properties, at no capital cost.
Utility efficiency programs fund assessments and install water and energy saving equipment in apartment units and common areas, at no capital cost to the owner. ONPEAK finds the programs each of your properties qualifies for, handles enrollment and coordination across your portfolio, and reports the result. You pay our fee only once the upgrades are approved.
How it works
From address list to installed upgrades.
Eligibility scan
Send your property addresses and recent water, gas and electricity bills. Within 48 hours you see which properties qualify and the value of funded upgrades each could receive.
Enrollment
Once we agree terms, we prepare every application, coordinate approvals and resident notices, and schedule around your team.
Assessment and installation
Certified contractors working under the funding program assess the property and install the approved measures. We check that nothing eligible is left out.
Owner report
Approved measures and projected savings, separated into what reaches your operating budget and what reaches your residents, plus an upgrade roadmap.
What is typically included
Upgrades that cut water and energy bills.
What qualifies varies by utility and changes each program year. Your scan shows what applies to each property.
- WaterSense showerheads and faucet aerators
- Programmable and smart thermostats
- LED lighting in units and common areas
- Hot water pipe insulation
- Rebates on larger common-area projects
Who it is for
Owners and operators, not condo associations.
- Owners and operators of multifamily properties with 50 units or more
- Properties where the owner pays water and sewer, or runs central hot water
- Portfolios with several properties in the same utility territory
Fee
You pay only when the upgrades are approved.
150 units and above
$5,000
Per property, due when the upgrades are approved.
50 to 149 units
$3,000
Per property, due when the upgrades are approved.
Managing a portfolio?
Let's sit down.
If you manage several properties, we agree a bulk rate for the whole group.
No approval, no fee. Upgrades are funded through utility efficiency programs and installed by certified contractors; our agreement names each program. Our fee covers qualifying your properties, enrollment, coordination, advocacy and the owner report.
Reference
Multifamily community in Lombard, Illinois
A seven-story building in the ComEd and Nicor Gas territory. We managed funded upgrades for the tenant areas, including programmable thermostats, WaterSense showerheads and smart sockets, at no capital cost to the owner. Our own review also found common-area HVAC savings a standard assessment missed.
Where we enroll properties
Owner guides
Which energy savings reach the owner in a multifamily property?
In a multifamily property, savings reach whoever pays each bill. Water, sewer, central hot water and common areas usually reach the owner. Here is how to tell.
Do Chicago multifamily properties qualify for no-cost ComEd upgrades?
Most Chicago multifamily properties with three or more units qualify for funded ComEd and Peoples Gas upgrades. What is covered, who qualifies and how to start.
What does your Chicago Energy Benchmarking score mean?
Chicago buildings of 50,000 sq ft or more get a zero to four star energy rating each year. What the stars mean for a multifamily owner and how to raise them.
Free eligibility scan
See what your properties qualify for.
All we need are your property addresses. We then ask for recent water, gas and electricity bills and return your scan within 48 hours of receiving them.
Received
Thank you. We will email you within one business day to collect your bills.
Your scan follows within 48 hours of receiving them. Anything urgent: infoonpeakenergy.com.
FAQ
What owners ask us.
Is there really no capital cost?
Yes, for the measures that qualify. The upgrades are funded through utility efficiency programs, which pay certified contractors to assess and install them. Your scan shows the value of funded upgrades for each property, and our agreement names each program.
What is the ONPEAK fee for?
Qualifying each property, preparing and submitting every application, coordinating contractors, residents and your staff, making sure every eligible measure is approved, and delivering an owner report. You pay only once the upgrades are approved.
Could we do this ourselves?
You could. Each utility runs its own offerings, forms, budgets and deadlines, and eligible measures are easy to miss without someone checking. Most owners prefer one partner who handles it across the whole portfolio and reports the result.
Which savings reach the owner?
It depends on who pays each bill. Water, sewer, central hot water and common areas usually reach the owner. In-unit electricity usually reaches residents. Our report separates the two.
What do my staff and residents need to do?
Residents receive a notice before installation day. Your team provides access and an escort for the technicians. We prepare the notices and the schedule.
Where do you work?
We are enrolling properties in Chicago and the Chicago suburbs now, and we track funding programs in ten states. If your properties are elsewhere, send them anyway and we will tell you what applies.