4 16-10 workforce summit california-first


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  • Statewide financing program under AB811
  • Statewide program offering clean energy municipal financing, making it easy for cities and counties to provide this service to property owners
  • Let’s assume that we set up a PACE financing district. And let’s assume that about 650 people sign up to finance solar or energy efficiency projects. That would add up to about $10 million worth of investment in solar and energy efficiency. If half of that investment is in solar and half in energy efficiency, that would create 124 jobs. If 75% were in energy efficiency and 25% were in solar, it would create about 162 jobs. And those are good jobs that will be done by people right here in our community – people who install solar panels, new dual-paned windows, new insulation or new furnaces or air conditioning systems.
  • SD = 24% 2011 = $38.1M, 472 jobs 2013 = $117.2M, 1,452 jobs
  • 4 16-10 workforce summit california-first

    1. 1. CaliforniaFIRST Annie Henderson| April 16, 2010
    2. 2. CaliforniaFIRST: Pilot Partners
    3. 3. CaliforniaFIRST Pilot <ul><ul><li>Alameda </li></ul></ul><ul><ul><li>Fresno </li></ul></ul><ul><ul><li>Kern </li></ul></ul><ul><ul><li>Monterey </li></ul></ul><ul><ul><li>Sacramento </li></ul></ul><ul><ul><li>San Benito </li></ul></ul><ul><ul><li>San Diego </li></ul></ul><ul><ul><li>San Luis Obispo </li></ul></ul><ul><ul><li>San Mateo </li></ul></ul><ul><ul><li>Santa Clara </li></ul></ul><ul><ul><li>Santa Cruz </li></ul></ul><ul><ul><li>Solano </li></ul></ul><ul><ul><li>Ventura </li></ul></ul><ul><ul><li>Yolo </li></ul></ul>
    4. 4. CaliforniaFIRST in SD County <ul><li>Unincorporated County </li></ul><ul><li>Carlsbad </li></ul><ul><li>Chula Vista </li></ul><ul><li>Coronado </li></ul><ul><li>Del Mar </li></ul><ul><li>Encinitas </li></ul><ul><li>Escondido </li></ul><ul><li>La Mesa </li></ul><ul><li>Lemon Grove </li></ul><ul><li>Oceanside </li></ul><ul><li>Poway </li></ul><ul><li>Santee </li></ul><ul><li>Solana Beach </li></ul>* City of San Diego will have a stand-alone PACE program
    5. 5. CaliforniaFIRST: Overview <ul><li>Creates financing district </li></ul><ul><li>Provides complete admin </li></ul><ul><li>Provides upfront capital through bond sales </li></ul><ul><li>Identifies work & chooses contractor </li></ul><ul><li>Applies for financing </li></ul>$$ Upfront $$ Repaid on tax bill City /County “ opts-in” <ul><li>Repays financing on property tax bill </li></ul><ul><li>Repayment obligation transfers with ownership </li></ul>
    6. 6. Key Benefits for Cities & Counties Helps meet energy and climate goals Promotes local jobs Tax neutral and no exposure to General Fund
    7. 7. 124 jobs created with $10 million investment
    8. 8. Potential Program Reach
    9. 9. Contractor Qualifications <ul><li>Standard </li></ul><ul><ul><li>Appropriate State license </li></ul></ul><ul><ul><li>Participation in State rebate programs </li></ul></ul><ul><ul><li>Agreement to Code of Ethics </li></ul></ul><ul><ul><li>Compliance with CEC HERSII requirement (as available and applicable) </li></ul></ul><ul><li>Under Development </li></ul><ul><ul><li>Energy Efficiency certification requirement will be dependent on State standards currently under development by HERCC, WHPP, Home Star, etc. </li></ul></ul>
    10. 10. Integration of Programs
    11. 11. Main Points <ul><li>Loading Order </li></ul><ul><ul><li>10% EE improvement required prior to financing for on-site renewable generation (does not include SWH) </li></ul></ul><ul><ul><li>Emerging EE rebate program may increase requirement to 20% </li></ul></ul><ul><ul><li>Multiple pathways to meet loading order </li></ul></ul><ul><li>Residential properties </li></ul><ul><ul><li>Specific underwriting criteria </li></ul></ul><ul><li>Commercial properties </li></ul><ul><ul><li>Process under development </li></ul></ul><ul><li>Financing available to RE and EE projects </li></ul><ul><ul><li>Water efficiency to follow </li></ul></ul>
    12. 12. Participation Pathways BPI, HERSII, Equivalent Based on Rebate Requirements
    13. 13. Property Qualification
    14. 14. CaliforniaFIRST.org
    15. 15. Annie Henderson| annie@renewfund.com | (510) 451-7911 www.CaliforniaFIRST.org