Your SlideShare is downloading. ×
0
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Erik caldwell  clean generation program pp 04162010
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Erik caldwell clean generation program pp 04162010

297

Published on

Published in: Education
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
297
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
4
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. The City of San Diego’s Clean Generation Program<br />April 16, 2010<br />1<br />
  • 2. Clean Generation Program Property Assessed Clean Energy Financing (PACE)<br />Purpose: Allows property owners to finance renewable energy and energy efficiency improvements through loans that would be repaid as an item on the property owner's property tax bill.<br />2<br />
  • 3. The Benefits<br />Loan made to property<br />Transferable on sale<br />Competitive 20 year rate<br />Repayment via property tax bill<br />3<br />
  • 4. Why?<br />Job / Sector Development <br />Increase demand for localcleantech products and services <br />Leadership<br />Municipal leadership is required<br />Positive cash flow for participants<br />Low cost / low risk to the City<br />Environment <br />GHG reduction<br />4<br />
  • 5. Clean Generation ProgramSelected Team<br />Renewable Funding, LLC.<br /><ul><li>Short term (Gap Financing)
  • 6. Core administrative services</li></ul>California Center for Sustainable Energy (CCSE)<br /><ul><li>Administrative services
  • 7. CSI integration (State of California Solar Incentive Program)</li></ul>5<br />
  • 8. Clean Generation ProgramOverview<br />Funding: <br /><ul><li>20 million dollars with potential for accessing additional funds</li></ul>Fully loaded APR = 8.75% (Estimated) <br /><ul><li>Duration of Loan up to 20 years</li></ul>6<br />
  • 9. Clean Generation ProgramEligible Measures<br />Energy Efficiency Retrofits<br /><ul><li>Insulation
  • 10. Heating and Cooling Systems
  • 11. A/C retrofits
  • 12. Whole House Fan
  • 13. Water heaters
  • 14. Pool Pumps</li></ul>Renewable Energy Fixtures<br /><ul><li>Solar
  • 15. Wind
  • 16. Fuel Cells</li></ul>Water Efficiency Fixtures<br /><ul><li>Low flow fixtures
  • 17. Reclaimed Water Systems
  • 18. Water Efficient Irrigation</li></ul>7<br />
  • 19. 8<br />Micro-Bond Process<br />Property Owner<br />Administrator<br />1 - Submit Application<br />Includes Project Details Package<br /><ul><li> Verify eligibility </li></ul>2 - Receive Notice to Proceed<br />Includes Funding Reservation<br />3 - Install Project<br />4 - Submit Funding Request<br />Includes Verification Documents<br /><ul><li> Verify project compliance
  • 20. Generate contract docs</li></ul>5 - Receive Assessment Contract Documents<br /><ul><li> Place lien
  • 21. Issue bond
  • 22. Remit payment</li></ul>6 - Submit Assessment Contract Package<br />7 - Receive Payment<br />County<br />8 - Pay Back via Property Taxes<br />8<br />
  • 23. Participation Options<br />Energy efficiency requirements <br />Short term goal<br />Educate and encourage<br />Long-term goal<br />Serve as a force for market transformation<br />Two Phase EE Implementation <br />Phase I: Thru December 2010<br />Phase II: Starts 2011 <br />9<br />
  • 24. Prerequisites for all properties<br />Items that must be replaced:<br />Central Air Conditioners (SEER ≤ 7)<br />Single Speed Pool Pumps<br />Replaced with:<br />Central Air Conditioners (SEER ≥ 13)<br />Variable Speed Pool Pumps<br />10<br />
  • 25. Energy Efficiency Prerequisites<br />HERS or equivalent audit <br />May bypass audit requirement if you use a BPI certified contractor<br />Must install fixtures that are pre-approved by the program administrator <br />11<br />
  • 26. Renewable Energy Prerequisites<br />Home Improvement Path<br />Phase I<br />HERS audit<br />Must install fixtures that are pre-approved by the program administrator <br />Limited system size (70% of load or 130% of baseline)<br />Phase II<br />HERS audit<br />Participation in prescriptive track of Whole Home Retrofit program or HomeStar Silver<br />BPI Certified contractor required<br />12<br />
  • 27. Renewable Energy Prerequisites<br />Home Performance Path<br />Phase I<br />HERS audit (Test out: with 20% reduction or HERS II ≤ 100)<br />Optional participation in either the performance track of the Whole Home Retrofit Program, or HomeStar Gold<br />Phase II<br />HERS audit (Test out: with 20% reduction or HERS II ≤ 100)<br />Required participation in either the performance track of the Whole Home Retrofit Program, or HomeStar Gold<br />13<br />
  • 28. Renewable Energy Prerequisites<br />Already Efficient Homes<br />Phase I & II<br />HERS audit (HERS II ≤ 100) or Title 24 2005 / 2008 report<br />Demonstrate historical annual consumption ≤ 130% of baseline (Tier 1-2)<br />14<br />
  • 29. 15<br />Clean Generation ProgramProgram Design<br />Program Eligibility: <br />Allocation: First come first serve<br />Property must reside within the City of San Diego<br />Multifamily - four units or less<br />
  • 30. 16<br />Clean Generation ProgramProgram Design<br /><ul><li>Underwriting Criteria
  • 31. Ownership: Property owner must initiate and sign application
  • 32. Property Tax Payment / Title History:
  • 33. Must have a good payment history
  • 34. No delinquencies in the past 3 years
  • 35. No involuntary liens may be on property
  • 36. Loan to Value Ratio, 10:1 is suggested ratio</li></li></ul><li>17<br />Clean Generation ProgramHow will people use the program?<br /><ul><li>Arguably better financing options exist for solar PV
  • 37. Ideal for property owners who:
  • 38. Can’t get a home equity line of credit
  • 39. Are considering a move in the near future
  • 40. Are considering financing whole home retrofits that include both EE and renewable energy</li></li></ul><li>18<br />Sample Costs<br />Financed Project Costs: $24,000<br />Solar / Energy Efficiency Package<br /><ul><li>Term: 20 Years
  • 41. Fixed APR: 8.74% (Estimated)
  • 42. Annual Payment: $2,615
  • 43. Application fee: $300</li></li></ul><li>19<br />Clean Generation ProgramTimeline<br /><ul><li>April - City Council
  • 44. Public hearing on district formation
  • 45. Approval of resolution of intent
  • 46. Ordinance levying special tax approved
  • 47. Approval of administrative agreement
  • 48. May- City Council
  • 49. 2nd reading of the ordinance levying special tax approved
  • 50. Hold Public Election
  • 51. June– Program Goes Live </li></li></ul><li>20<br />Clean Generation Program<br />Questions?<br />

×