LEGISLATIVE REPORTFebruary 3, 2011<br />AHFC Energy Programs<br /> Rebate and Weatherization Update<br />
Overview<br />$360 million total appropriation in 2008:<br />$200 million for weatherization <br />Income-based, no-cost t...
Home Energy Rebate & Weatherization Results<br />April 2008 – January 26, 2011<br />Ratings 		37,264<br />Rebates 		11,376...
Home Energy Rebate & Weatherization Results<br />AFTER<br />April 2008 – January 26, 2011<br />BEFORE<br />1996 - March 20...
Energy & CO2 Results<br />Average energy use reduced 33.15 percent<br />Equivalent energy savings:	 168,766 barrels of cru...
Average savings per home by fuel type<br />9,840 sampled homes<br />Projected average energy cost reduced 30 percent<br />...
Estimate 2,500 jobs created:<br /><ul><li>1,500 from weatherization
1,000 from rebate
ISER confirmation in progress</li></ul>Job Creation & Retention<br />
$200 Million<br />Obligated: <br />		2008-2009		$74 million<br />		2010			$63 million<br />		2011 projection 	$63 million<...
Homes Weatherized<br />1978-2008: 600 annually<br />2009:  1,864<br />2010:  3,139 (current)<br />2011:  4,000 (projected ...
Communities Served<br />2008: 56<br />2009: 90<br />2010: 100+<br />2011: 100+<br />
$160 Million <br />Funds: Fully obligated<br />Expended: $88.6 million<br />1.26.2011<br />
As-Is Ratings Paid : 24,956<br />Existing Homes<br />11,376 rebates paid <br />$6,287 average<br />63.3 percent participat...
Wait List<br />December 2008 = 9,492			(full funding)<br />December 2009 = 463			(all funds obligated)<br />December 2010 ...
Program Snapshot<br />Average Costs of 11,800 Homeowners<br />$10,869 spent<br /> -$6,287 rebate <br />= $4,582 homeowner ...
Second Mortgage for Energy Conservation<br />Second mortgage up to $30,000<br />-15 Year Loan at the Taxable Rate<br />-Lo...
Summary<br />17,320 homes completed<br />Reduced costs 30 percent and energy savings 32 percent<br />Created 2,500 jobs at...
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Alaska Housing Finance Corporation presentation on energy efficiency programs

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Energy Efficiency and Weatherization programs offered by Alaska Housing Finance Corporation

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Alaska Housing Finance Corporation presentation on energy efficiency programs

  1. 1. LEGISLATIVE REPORTFebruary 3, 2011<br />AHFC Energy Programs<br /> Rebate and Weatherization Update<br />
  2. 2. Overview<br />$360 million total appropriation in 2008:<br />$200 million for weatherization <br />Income-based, no-cost to tenant or homeowner program<br />$160 million for rebates<br />For those not qualifying for weatherization program<br />Rebate provided for eligible improvements<br />Ratings required<br />Training & job component<br />
  3. 3. Home Energy Rebate & Weatherization Results<br />April 2008 – January 26, 2011<br />Ratings 37,264<br />Rebates 11,376<br />5+ Homes 941<br />Weatherized 5,003<br />17,320 homes now more energy efficient since 2008<br />
  4. 4. Home Energy Rebate & Weatherization Results<br />AFTER<br />April 2008 – January 26, 2011<br />BEFORE<br />1996 - March 2008<br />Ratings 25,557<br />Rebates n/a<br />5+ Homes 2,345<br />Weatherized 10,704<br />37,264<br /> 11,376<br /> 941<br /> 5,003<br />17,320 homes now more energy efficient since 2008<br />
  5. 5. Energy & CO2 Results<br />Average energy use reduced 33.15 percent<br />Equivalent energy savings: 168,766 barrels of crude oil<br /> 7 million gallons of fuel oil<br /> 717 gallons of fuel oil per home<br />1.24.2011<br />
  6. 6. Average savings per home by fuel type<br />9,840 sampled homes<br />Projected average energy cost reduced 30 percent<br />1.24.2011<br />
  7. 7. Estimate 2,500 jobs created:<br /><ul><li>1,500 from weatherization
  8. 8. 1,000 from rebate
  9. 9. ISER confirmation in progress</li></ul>Job Creation & Retention<br />
  10. 10. $200 Million<br />Obligated: <br /> 2008-2009 $74 million<br /> 2010 $63 million<br /> 2011 projection $63 million<br />
  11. 11. Homes Weatherized<br />1978-2008: 600 annually<br />2009: 1,864<br />2010: 3,139 (current)<br />2011: 4,000 (projected based on funding)<br />Statewide weatherization providers and housing authorities have now achieved a sustainable capacity.<br />
  12. 12. Communities Served<br />2008: 56<br />2009: 90<br />2010: 100+<br />2011: 100+<br />
  13. 13. $160 Million <br />Funds: Fully obligated<br />Expended: $88.6 million<br />1.26.2011<br />
  14. 14. As-Is Ratings Paid : 24,956<br />Existing Homes<br />11,376 rebates paid <br />$6,287 average<br />63.3 percent participation rate<br />18 month deadline<br />New 5 Star Plus Homes<br />941 rebates paid <br />1.25.2011<br />
  15. 15. Wait List<br />December 2008 = 9,492 (full funding)<br />December 2009 = 463 (all funds obligated)<br />December 2010 = 3,548 (“recycled funds”)<br />1.21.2011<br />
  16. 16. Program Snapshot<br />Average Costs of 11,800 Homeowners<br />$10,869 spent<br /> -$6,287 rebate <br />= $4,582 homeowner investment<br />$1,535 annual energy savings<br />3 year payback<br />1.21.2011<br />
  17. 17. Second Mortgage for Energy Conservation<br />Second mortgage up to $30,000<br />-15 Year Loan at the Taxable Rate<br />-Loans Paid Off: 93<br />-Active Loans: 33<br />1.26.2011<br />
  18. 18. Summary<br />17,320 homes completed<br />Reduced costs 30 percent and energy savings 32 percent<br />Created 2,500 jobs at a minimum, with projections to 4000<br />Achieved annual capacity of 4,000 Weatherization program homes<br />All funds obligated<br />
  19. 19. Alaska Energy Efficiency Revolving Loan Fund (AEERLF)<br />“Alaska Sustainable Energy Act” - $250 million revolving loan fund<br />Energy efficiency improvements for<br />Regional Educational Attendance Areas (REAAs)<br />University of Alaska <br />State facilities <br />Municipal facilities<br />Guaranteed savings from energy efficiency improvements are used to pay off the loan<br />Requires Retrofit Energy Assessment for Loan (REAL)<br />
  20. 20. Retrofit Energy Assessment for Loan (REAL)<br />Prior to applying for the loan…<br />Initial Project Evaluation <br />Energy benchmark<br />Energy Audits<br />Audits by Certified Energy Auditor (CEA) or Certified Energy Manager (CEM) certification through the Association of Energy Engineers (AEE), or an AHFC-approved equivalent.<br />Energy Performance Contracts (EPCs) <br />Energy Service Companies (ESCos) qualified by Alaska Housing Finance Corporation (AHFC) and Alaska Department of Transportation and Public Facilities (DOT/PF) may be used.<br />Retrofits may be managed by qualified Energy Service Companies (ESCos), or the facility owner (if under $250,000).<br />

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