What are the most effective incentives or rewards for tenants who reduce their energy consumption?

2 Non-financial incentives

In addition to financial rewards, other types of incentives can influence tenants' behavior and attitudes towards energy saving. These can include providing feedback and information on their energy consumption and savings, recognizing and celebrating their achievements and contributions, creating a sense of community and social norms, and providing education and training on energy saving tips and practices. Non-financial incentives appeal to tenants' intrinsic motivation and social influence, but require consistent and tailored delivery to maximize their effectiveness. It is important to understand tenants' profiles, motivations, and preferences in order to customize and communicate the incentives appropriately.

3 Best practices

To maximize the effectiveness of incentives or rewards for tenants who reduce their energy consumption, it is important to align the incentives with your building's goals and vision, and communicate them clearly and frequently. Involve your tenants in the design and implementation of the incentives, and solicit their feedback and suggestions. Combining different types of incentives to appeal to different tenants and situations, as well as balancing the short-term and long-term benefits can be beneficial. Moreover, measuring and reporting the results and impacts of the incentives, as well as celebrating successes and learning from challenges can create a win-win situation for your building and your tenants, resulting in significant energy savings and improvements.

4 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?