Maryland, US utility companies Pepco and SMECO (Southern Maryland Electric Cooperative) have awarded contracts to Energesco Solutions LLC to provide energy efficiency and water conservation improvements to multifamily properties in their utility service areas.

Both contracts were awarded under the Commercial Multifamily Program, a newly announced energy efficiency rebate programme designed to support the EmPOWER Maryland initiative. 

The Pepco contract extends to multifamily properties throughout its service area in Montgomery and Prince George’s counties in Maryland. The SMECO contract extends to all multifamily owners and operators that the customer-owned electric cooperative serves in Prince George’s (southern), Charles, St. Mary’s and the majority of Calvert counties.

Reducing energy use by 15% in a typical 250-unit master-metered community can increase net operating income and can enhance asset value by an estimated $1 million or more, Energesco says.