Partners in Innovation: Preserving Affordable Rental Housing through Energy Conservation

Regional Green House Gas Initiat...
What is NYSERDA?
   New York State Energy Research
    and Development Authority
                                Mission
•...
NYS Funding Sources
Systems Benefit Charge (SBC)
Public benefits fund to support energy efficiency adoption, research and
...
RGGI Proceeds
NYSERDA Programs
Multifamily Performance Program
  • Funding for both affordable and market-
    rate buildings
  • Challe...
NYSERDA Programs
Home Performance & ENERGY STAR Homes
  • Both existing and new construction;
    affordable and market-ra...
NYSERDA Programs
EmPower NY
  • Low-income program for residents and
    tenants
  • Free appliance and lighting installat...
Opportunities
The addition of RGGI funds creates a number of
opportunities:

   • Enables oil savings and fuel-neutral
   ...
Challenges
The addition of RGGI funds also creates a
number of challenges:

   • Tracking multiple funding sources in one
...
Contact Information

     Michael Colgrove
Director of Energy Programs
   NYSERDA – NYC Office

    MTC@nyserda.org

485 7...
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Michael Colgrove, NYSERDA

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Michael Colgrove, NYSERDA

  1. 1. Partners in Innovation: Preserving Affordable Rental Housing through Energy Conservation Regional Green House Gas Initiatives Michael Colgrove, Director of Energy Programs, NYSERDA – NYC Office Wednesday, April 14, 2010 3:30-5:00pm
  2. 2. What is NYSERDA? New York State Energy Research and Development Authority Mission • Public benefit Use innovation and corporation technology to solve some • Established by the of New York’s most New York State difficult energy and environmental problems in Legislature in 1975 ways that improve the State’s economy.
  3. 3. NYS Funding Sources Systems Benefit Charge (SBC) Public benefits fund to support energy efficiency adoption, research and development, and energy burden and environmental justice issues. SBC I (1998-2001) = $234.3M total SBC II (2001-2005) = $750M total SBC III (2006-2011) = $875M total Renewable Portfolio Standard (RPS) Provides funding to achieve the State’s goal of replacing 30% of its fossil-fueled electricity use with renewable sources. RPS = $962M Energy Efficiency Portfolio Standard (EEPS) Provides funding to achieve the State’s goal of reducing its electricity usage by 15% by 2015. EEPS (2009-2011) = $950.8M awarded thus far Emissions Allowance Trading Programs RGGI (collections to date plus projected revenue thru 3/2012) = $446M CAIR (for all allowance vintages thru 2011) = $24M
  4. 4. RGGI Proceeds
  5. 5. NYSERDA Programs Multifamily Performance Program • Funding for both affordable and market- rate buildings • Challenges owners to reduce overall energy use by 15% SBC Funding - $88 million EEPS Funding - $23 million RGGI Funding - $18 million
  6. 6. NYSERDA Programs Home Performance & ENERGY STAR Homes • Both existing and new construction; affordable and market-rate • Based on national EPA programs SBC Funding - $104 million EEPS Funding - $45 million RGGI Funding - $6 million
  7. 7. NYSERDA Programs EmPower NY • Low-income program for residents and tenants • Free appliance and lighting installations • Referrals from utility arrears programs SBC Funding - $46 million EEPS Funding - $30.5 million RGGI Funding - $7 million
  8. 8. Opportunities The addition of RGGI funds creates a number of opportunities: • Enables oil savings and fuel-neutral programs • Provides funding for non-SBC customers • Allows us to continue programs with little or no remaining SBC funds • Leverages and extends current funding sources • Encourages deeper savings per project
  9. 9. Challenges The addition of RGGI funds also creates a number of challenges: • Tracking multiple funding sources in one project • Attributing savings – both CO2 and energy • Integrating “cost-effectiveness” metrics for carbon savings with those for energy savings • Budgeting with uncertain auction proceeds • Managing pipelines with funding received quarterly • Legislative appropriations
  10. 10. Contact Information Michael Colgrove Director of Energy Programs NYSERDA – NYC Office MTC@nyserda.org 485 7th Avenue, Suite 1006 New York, NY 10018

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