Green Incentive Programs

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Outlining different incentive programs through local and state levels for energy efficiency. From the 2010 Ohio Energy Summit. By David Hull.

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Green Incentive Programs

  1. 1. Green Incentive Programs City of Columbus November 15, 2010
  2. 2. Outline • Green Columbus Fund LEED Certified Buildings Brownfield Redevelopment • Green Switch Loan Fund 1
  3. 3. Green Columbus Fund Overview • $1 million reimbursement Grant Program • First Program Year Oct. 2010 through Sept. 2011 • Open Application Cycle 2
  4. 4. Green Columbus Fund Overview • Targets private & non-profit sectors • Priority for developed area • Two main components: LEED Certified Buildings Brownfield redevelopment 3
  5. 5. Minimum Requirements for Reimbursement of LEED Certification Fee • Certified or above under LEED 2009 New Construction and Major Renovation • Meet at least 8 of 12 criteria selected by City • Considering Commercial Interior or Core and Shell 4
  6. 6. To Qualify for Additional Incentives • Location in developed area +100% • LEED Silver, Gold or Platinum +50%, 100% or 150% • 9, 10, 11 or 12 of key Columbus criteria +25%, 50%, 75% or 100% • Cannot exceed +200% or triple the certification fee 5
  7. 7. Strengths of this approach • Builds on most vetted program of the US Green Building Council • Support of Central Ohio GBC Chapter • Does not require ramping up City bureaucracy • Supports economic development & environmental goals 6
  8. 8. Brownfield Redevelopment funds available for • Phase I & II Environmental Assessments • Phase II Physical Environmental Assessments for abandoned gas stations • Portion of land acquisition costs • Will not pay for direct remediation costs – defer to State 7
  9. 9. Strengths of this approach • Builds on Clean Ohio Fund • Can fill smaller niches or supplement • Supports economic development & environmental goals 8
  10. 10. Mechanics of Green Columbus Fund Program • Submit either of the two applications • Negotiate development agreement • City Council authorization • Performance based reimbursement 9
  11. 11. Green Switch Loan Fund • A revolving loan fund to improve energy efficiency in commercial & industrial buildings • $1,000,000 grant from the U.S. Department of Energy • Loan amounts of up to $200,000 are available for gap financing of energy efficiency construction/renovation projects • Investment: 75% energy efficiency fund, 25% equity/other funding sources 10
  12. 12. Green Switch Loan Fund Loan Terms • 2% to 5% interest (based on financial ability) • 10 to 15 year term • Up to 50% loan forgiveness upon completion of construction and job creation (up to 50% loan forgiveness is offered because of increased costs associated with Davis-Bacon prevailing wage requirements) 11
  13. 13. Green Switch Loan Fund Job Creation: Construction jobs (project based) Administrative jobs (loan administration) Administered by: City of Columbus Department of Development 614-645-8644 For applications contact: Community Capital Development Corporation 614-645-8066 12
  14. 14. David Hull Assistant Director for Sustainability and Regional Development Columbus Department of Development [email_address] 614-645-6330

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