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CaliforniaFIRST
Annie Henderson| April 16, 2010
CaliforniaFIRST: Pilot Partners


                  • 14 Counties             • CSCDA                    • Sacramento




...
CaliforniaFIRST Pilot
   –   Alameda      –   San Luis Obispo
   –   Fresno       –   San Mateo
   –   Kern         –   Sa...
CaliforniaFIRST in SD County
  Unincorporated County         La Mesa
  Carlsbad                      Lemon Grove
  Chula V...
CaliforniaFIRST: Overview


City /County
                                            $$ Upfront
“opts-in”

               ...
Key Benefits for Cities & Counties

Helps meet      Tax neutral and   Promotes
energy and      no exposure to    local job...
124
  jobs created with
  $10 million
  investment
Potential Program Reach
Contractor Qualifications
 Standard
  – Appropriate State license
  – Participation in State rebate programs
  – Agreement...
Integration of Programs

                 Home Star

   Whole House                     Residential
   Performance        ...
Main Points
 Loading Order
  – 10% EE improvement required prior to financing for on-site
    renewable generation (does n...
Participation Pathways


                              Homeowner



  Based on                                            ...
Property Qualification

   Property     • All property owners must sign and agree to terms
  Ownership     • Mortgage lend...
CaliforniaFIRST.org
Annie Henderson| annie@renewfund.com | (510) 451-7911
             www.CaliforniaFIRST.org
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Annie Hendersen - Renewable Fund

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Transcript of "Annie Hendersen - Renewable Fund"

  1. 1. CaliforniaFIRST Annie Henderson| April 16, 2010
  2. 2. CaliforniaFIRST: Pilot Partners • 14 Counties • CSCDA • Sacramento SEP Pilot Local Agencies Program • 130 Cities • Royal Bank County of Canada • Ecology • CCSE • Jones Hall Action and Orrick • Renewable • Renewable Funding Funding
  3. 3. CaliforniaFIRST Pilot – Alameda – San Luis Obispo – Fresno – San Mateo – Kern – Santa Clara – Monterey – Santa Cruz – Sacramento – Solano – San Benito – Ventura – San Diego – Yolo
  4. 4. CaliforniaFIRST in SD County Unincorporated County La Mesa Carlsbad Lemon Grove Chula Vista Oceanside Coronado Poway Del Mar Santee Encinitas Solana Beach Escondido * City of San Diego will have a stand-alone PACE program
  5. 5. CaliforniaFIRST: Overview City /County $$ Upfront “opts-in” • Creates financing • Identifies work & district chooses contractor • Provides complete $$ Repaid • Applies for financing admin on tax bill • Repays financing on • Provides upfront capital property tax bill through bond sales • Repayment obligation transfers with ownership
  6. 6. Key Benefits for Cities & Counties Helps meet Tax neutral and Promotes energy and no exposure to local jobs climate goals General Fund
  7. 7. 124 jobs created with $10 million investment
  8. 8. Potential Program Reach
  9. 9. Contractor Qualifications Standard – Appropriate State license – Participation in State rebate programs – Agreement to Code of Ethics – Compliance with CEC HERSII requirement (as available and applicable) Under Development – Energy Efficiency certification requirement will be dependent on State standards currently under development by HERCC, WHPP, Home Star, etc.
  10. 10. Integration of Programs Home Star Whole House Residential Performance Retrofit Program Program CaliforniaFIRST
  11. 11. Main Points Loading Order – 10% EE improvement required prior to financing for on-site renewable generation (does not include SWH) – Emerging EE rebate program may increase requirement to 20% – Multiple pathways to meet loading order Residential properties – Specific underwriting criteria Commercial properties – Process under development Financing available to RE and EE projects – Water efficiency to follow
  12. 12. Participation Pathways Homeowner Based on BPI, Rebate Basic Performance HERSII, Package Audit Requirements Equivalent Other EE PV Measures
  13. 13. Property Qualification Property • All property owners must sign and agree to terms Ownership • Mortgage lender must at minimum be notified • Current on property taxes for the last 3 years Property- • Cannot have any involuntary liens > $500 Based Debt • Cannot have any mortgage defaults or foreclosure filings within the last 5 years Underwriting • Project to Value ratio is 10:1 Ratios • Private loan to value ratio must be at least 80%
  14. 14. CaliforniaFIRST.org
  15. 15. Annie Henderson| annie@renewfund.com | (510) 451-7911 www.CaliforniaFIRST.org
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