DENVER, Jan. 4, 2021 /PRNewswire-PRWeb/ -- ICAST (International Center for Appropriate and Sustainable Technology), a 501(c)(3) nonprofit social enterprise, today announced that it has been awarded a contract to implement Pepco's energy efficiency program for low-income multifamily housing.
The Potomac Electric Power Company (Pepco), an energy company based out of Washington DC, has awarded ICAST a three-year contract to implement its new energy efficiency program for low-income multifamily housing in the District of Columbia. ICAST will focus on deep retrofit measures, such as energy-efficient heat-pump HVAC and hot water upgrades, to maximize savings. Income-qualified properties with three or more apartments can receive Pepco's cash incentives for energy-saving products installed throughout the property, including common areas and inside residents' units.
"We are pleased to work with ICAST to expand on our effort to provide energy efficiency options that will have meaningful impact for our customers in the District of Columbia," said Nathanael Gillespie, Pepco's manager of customer solutions. "This new program will provide support to low-income multifamily housing owners who may be struggling during these challenging times."
ICAST's success with implementing similar programs for energy companies such as Berkshire Hathaway Energy and Ameren, combined with its nationally recognized one-stop shop service model that offers multifamily clients a host of services from property assessment to staff training to access to financing, made ICAST a natural fit for Pepco's program. The hassle-free approach ensures property owners and managers receive the best possible incentive for their energy efficiency upgrades with the least amount of effort.
"By participating in the Pepco Multifamily Low-Income Energy Efficiency Program, our Multifamily clients can increase the value of their property while reducing their operating costs during these trying times," according to Ravi Malhotra, ICAST's founder and President. "Their collaboration with this program will make their properties safer, more affordable, and comfortable for their low-income residents."
The program will launch on January 1, 2021 and will be ICAST's first energy efficiency program on the East coast. It represents another step in ICAST's efforts to expand its solutions to benefit under-represented and low-income communities nationally.
ICAST (icastusa.org) is a 501c3 nonprofit with a long history of designing and launching programs that meaningfully impact low-income underserved communities while advancing access to clean energy, affordable housing, and local jobs.