Virginia Natural Gas multifamily incentive program fuels construction of new multifamily housing projects
VIRGINIA BEACH, Va. – Feb. 24, 2016 – Virginia Natural Gas has established a new incentive program for builders in an effort to expand the use of natural gas and related appliances in the new construction market. The multifamily incentive program is designed to promote energy efficiency and green building practices by encouraging developers and builders to make an environmentally conscious energy choice when designing new apartments or other multifamily housing.
The program also targets this segment of the housing market, which according to the Hampton Roads Real Estate Market Review, is rebounding in anticipation of meeting a strong demand for rental housing.
“When incorporating a clean, affordable and domestically available energy source to a multifamily project, builders are giving potential residents what they want – cost savings, added value, enhanced comfort and reliability of natural gas,” said Robert Duvall, president of Virginia Natural Gas. “The multifamily incentive program is just another step in our commitment to expand the use of natural gas to fuel consumers’ daily lives.”
Under the program, builders and developers constructing 100 residential units or more are required to install at least two natural gas appliances, which could include a furnace, tankless or tank-style water heater, a cooktop/range, gas-fired logs and clothing dryer. The natural gas appliances also are required to remain in-service for a minimum of 10 years. The program provides financial incentives to qualified applicants on a first-come, first-served basis, while funding is available.
For more information about the multifamily incentive program, visit www.VirginiaNaturalGas.com/Multifamily.
About Virginia Natural Gas
Virginia Natural Gas, a wholly owned subsidiary of AGL Resources (NYSE: GAS), provides retail natural gas sales and distribution services to 287,000 customers in southeast Virginia. For more information, visit www.virginianaturalgas.com.
About AGL Resources
AGL Resources (NYSE:GAS) is an Atlanta-based energy services holding company with operations in natural gas distribution, retail operations, wholesale services and midstream operations. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves over one million retail customers through its SouthStar Energy Services joint venture and Pivotal Home Solutions, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management and ownership and operation of natural gas storage facilities. AGL Resources is a Fortune 500 company and a member of the S&P 500 Index.