by Emily Chasan, Bloomberg
Using energy-efficient light bulbs, low-flow toilets and environmentally friendly heating and cooling systems cut the utility bills of some 550,000 renters over the last six years, adding as much as $72 million in annual savings, according to a new report from Fannie Mae.
The government-controlled mortgage giant recently published the first results from an eight-year-old program that encourages landlords to make energy improvements, for the sake of both the planet and renters’ finances. On average, renters saved about $145 per year. Across 200,000 buildings, landlords saved $33 million on utility costs.