ICAST Project wins Utah Green Project of the Year

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Cinnamon Springs has recently been honored with the Green Project of the Year award from the Utah Housing Coalition. This 144-unit “naturally occurring affordable housing” multifamily apartment complex received energy efficiency upgrades that benefited the property owner and significantly improved the living conditions for the residents. Upgrades included new cold-climate heat pumps, new gas furnaces for a “dual fuel” heating …

ICAST Sets New Record for Its Heat Pump Work with Rocky Mountain Power

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ICAST is pleased to announce that in September, it processed over 1,000 multifamily heat pump rebates for Rocky Mountain Power (RMP), thus setting a new monthly record. ICAST has managed RMP’s custom multifamily program in Utah since its launch in 2018, and this program is one of the nation’s most successful for electrification in multifamily properties. It covers the entire …

Accessing Utah’s Home Energy Rebate Programs

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by Ryan Kristoff The U.S. Dept. of Energy (DOE) recently announced that States can apply for their funding allocations through the Inflation Reduction Act (IRA)-created Home Energy Rebate programs. Utah’s Office of Energy Development (OED) will administer the funds in Utah. Once the program is underway, multifamily affordable housing (MFAH) will be able to receive rebates of up to $14 thousand per …

How Utility Programs Can Drive Electrification and Energy Efficiency in Multifamily Affordable Housing

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by Ravi Malhotra, Founder & President, ICAST Originally published in NH&RA’s Tax Credit Advisor Magazine, December 2022 While the federal, state and local governments are picking up the pace in their decarbonization efforts, very few of those programs, and even fewer utility rebate programs, specifically target multifamily housing. Unless the multifamily sector acts, it runs the risk of missing out …

Multifamily housing building made of shipping containers

Rocky Mountain Power Presents Award to Planet-Friendly Multifamily Affordable Housing Development

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Rocky Mountain Power Presents Award to Planet-Friendly Multifamily Affordable Housing Development Each year at the Utah Housing Coalition (UHC) Utah Housing Matters Conference, the Rocky Mountain Power (RMP) Wattsmart Multifamily Program presents an energy efficiency award to a multifamily development. The recipient for 2022 was Box 500, built by Eco Box Fabricators. Box 500 is Utah’s first multi-story apartment complex …

ICAST founder and president Ravi Malhotra discusses decarbonization at multifamily affordable projects in New York and Utah

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Case Study: Getting Ahead of the Decarbonization Curve  By Mark Fogarty / Issue: June 2022 Projects in New York and Salt Lake City Save Tons on Carbon Annually Decarbonization, changing from fossil fuels to electric, is a word affordable multifamily asset managers are going to need to learn in a hurry, if they don’t know it already. And that’s true even if the electricity …