Carl Fawcett describes the Mass Save HEAT 0% Loan Program for the ACI conference including pilot and program history, characteristics of the program, types of loans and other loan details, lending results and statistics, the HEAT Loan process, and trends related to volume and size. He also covers how contractors can best help their customers successfully through the steps of the process.
The document outlines updates to California's energy policies and programs, including requirements for utilities to compensate customers for net surplus generation, funding shortfalls in the non-residential solar initiative, allowing additional collection for the 10-year solar program, and increased incentive amounts for high-performance schools. It also provides an overview of strategic energy planning concepts like benchmarking historical energy costs, assessing public policy implications, and setting short, medium, and long-term goals.
The document summarizes a webinar on Kentucky's approach to achieving voluntary energy efficiency goals without mandated standards. It discusses Kentucky's energy landscape and a stakeholder project to design a strategy for meeting a 1% annual efficiency goal. The resulting Action Plan lays out strategies focused on voluntary measures, including annually tracking utility program performance. A key part is having utilities voluntarily report efficiency data to measure progress towards statewide goals. This could serve as a model for other states to achieve efficiency increases through voluntary cooperation rather than mandates.
The document summarizes efforts by the federal government to promote home energy efficiency retrofits through new programs and initiatives. It outlines new tools like the Home Energy Score to help homeowners understand their home's energy use, the PowerSaver loan program to facilitate affordable financing, and workforce guidelines and training to grow the retrofit industry and increase consumer confidence. The goal is to overcome barriers that have prevented a strong nationwide retrofit market and boost energy savings.
The document provides an overview and financial review of AES Corporation's second quarter 2014 results. Some key points:
- Adjusted EPS for Q2 2014 was $0.28, achieving $2 billion in asset sale proceeds a year early.
- Construction is underway on over 4,500 MW of new capacity projects and 2,400 MW of environmental upgrades by 2018.
- Partnerships are expanding access to capital while leveraging existing platforms drives growth.
- Cost reduction initiatives are on track to lower global overhead expenses by $200 million by 2015.
- 2014 guidance is reaffirmed despite some impacts from dry hydrology conditions.
The document summarizes recent developments in state-level energy efficiency policies and programs across the United States. It outlines new legislation, efficiency standards, and energy savings targets adopted by many states between 2007-2009. Specifically, it discusses new energy efficiency resource standards, increased utility program spending, and the establishment of independent entities to administer efficiency programs in various states.
13th Annual Chamber Energy Conference - EE FundingTim Rushenberg
This document discusses various funding opportunities for energy efficiency projects, including utility programs and federal and state tax incentives. It provides information on current utility-sponsored energy efficiency programs in Indiana, including direct install programs for small businesses, prescriptive rebate programs, and custom programs. It also summarizes several key federal tax incentives for energy efficiency, such as tax credits for home energy improvements, renewable energy systems, electric vehicles, and construction of new energy efficient homes. Finally, it mentions that states also offer various tax incentives for energy efficiency investments.
High Performance Building Program Presentation 2011Conor Merrigan
Presentation given for the USGBC Colorado Rocky Mountain Green conference in Spring 2010 on the Governor's Energy Office High Performance Building Program, an ARRA funded program focusing on the design of new public buildings
Carl Fawcett describes the Mass Save HEAT 0% Loan Program for the ACI conference including pilot and program history, characteristics of the program, types of loans and other loan details, lending results and statistics, the HEAT Loan process, and trends related to volume and size. He also covers how contractors can best help their customers successfully through the steps of the process.
The document outlines updates to California's energy policies and programs, including requirements for utilities to compensate customers for net surplus generation, funding shortfalls in the non-residential solar initiative, allowing additional collection for the 10-year solar program, and increased incentive amounts for high-performance schools. It also provides an overview of strategic energy planning concepts like benchmarking historical energy costs, assessing public policy implications, and setting short, medium, and long-term goals.
The document summarizes a webinar on Kentucky's approach to achieving voluntary energy efficiency goals without mandated standards. It discusses Kentucky's energy landscape and a stakeholder project to design a strategy for meeting a 1% annual efficiency goal. The resulting Action Plan lays out strategies focused on voluntary measures, including annually tracking utility program performance. A key part is having utilities voluntarily report efficiency data to measure progress towards statewide goals. This could serve as a model for other states to achieve efficiency increases through voluntary cooperation rather than mandates.
The document summarizes efforts by the federal government to promote home energy efficiency retrofits through new programs and initiatives. It outlines new tools like the Home Energy Score to help homeowners understand their home's energy use, the PowerSaver loan program to facilitate affordable financing, and workforce guidelines and training to grow the retrofit industry and increase consumer confidence. The goal is to overcome barriers that have prevented a strong nationwide retrofit market and boost energy savings.
The document provides an overview and financial review of AES Corporation's second quarter 2014 results. Some key points:
- Adjusted EPS for Q2 2014 was $0.28, achieving $2 billion in asset sale proceeds a year early.
- Construction is underway on over 4,500 MW of new capacity projects and 2,400 MW of environmental upgrades by 2018.
- Partnerships are expanding access to capital while leveraging existing platforms drives growth.
- Cost reduction initiatives are on track to lower global overhead expenses by $200 million by 2015.
- 2014 guidance is reaffirmed despite some impacts from dry hydrology conditions.
The document summarizes recent developments in state-level energy efficiency policies and programs across the United States. It outlines new legislation, efficiency standards, and energy savings targets adopted by many states between 2007-2009. Specifically, it discusses new energy efficiency resource standards, increased utility program spending, and the establishment of independent entities to administer efficiency programs in various states.
13th Annual Chamber Energy Conference - EE FundingTim Rushenberg
This document discusses various funding opportunities for energy efficiency projects, including utility programs and federal and state tax incentives. It provides information on current utility-sponsored energy efficiency programs in Indiana, including direct install programs for small businesses, prescriptive rebate programs, and custom programs. It also summarizes several key federal tax incentives for energy efficiency, such as tax credits for home energy improvements, renewable energy systems, electric vehicles, and construction of new energy efficient homes. Finally, it mentions that states also offer various tax incentives for energy efficiency investments.
High Performance Building Program Presentation 2011Conor Merrigan
Presentation given for the USGBC Colorado Rocky Mountain Green conference in Spring 2010 on the Governor's Energy Office High Performance Building Program, an ARRA funded program focusing on the design of new public buildings
This document discusses incentives for energy efficiency programs. It begins by providing background on ACEEE and the author. It then outlines that the presentation will cover incentive concepts, program theory, design options, types of incentives, collaborative development, examples from North America, and why businesses should care about incentives. Key points include that incentives can achieve timely investment in efficiency by addressing market barriers, and that examples show options like rebates, self-direct programs, and escrow accounts to allow businesses to access funds for efficiency projects.
Presentation given by Brian DiGiorgio on the Panel: "After Recycling, Then Watt?" at the Great Valley Center's Sacramento Valley Forum on October 27, 2010 in Chico, CA.
David Meadows of the Ohio Department of Development discusses low-cost loans that support energy efficiency and renewable energy improvements during the AEP Ohio Water/Waste Water Customer Seminar held at Zane State in Zanesville, Ohio.
Models for Financing Clean Energy- SWEEP 2009HarcourtBrownEF
This document summarizes several models for financing clean energy projects, including on-bill loans, on-bill tariffs, property tax programs, and third-party loans. It provides examples of successful programs in Pennsylvania, Manitoba, Connecticut, Kansas, Berkeley and Boulder. Key considerations for effective financing models include simplicity, sources of low-cost capital, loan terms that minimize monthly payments, managing credit and default risks, and partnering with utilities for on-bill collection where feasible. The most prominent examples highlighted are Pennsylvania's Keystone HELP program and Manitoba Hydro's on-bill loan program.
The document discusses Property Assessed Clean Energy (PACE) programs, which allow commercial, industrial, and residential property owners to finance energy efficiency and renewable energy improvements through voluntary tax assessments. Local governments establish PACE boards to qualify projects and administer financing from municipal bonds secured by the tax assessments. PACE programs provide long-term financing for improvements, create local jobs, and allow properties to save money through reduced energy costs over time.
Qualified Energy Conservation Bonds (Katie)TNenergy
The document provides an overview of Qualified Energy Conservation Bonds (QECBs), including:
- What QECBs are and how they can be used to finance energy conservation projects
- Examples of QECB projects in Tennessee that have funded energy efficiency upgrades in buildings and infrastructure
- Best practices for using performance-based contracting and identifying high-impact, shovel-ready projects
- Details on Tennessee's QECB program allocation process and opportunities for future competitive sub-allocations
Connecticut Green Bank Stakeholder Webinar Quarter 4 FY17RudySturkCGB
Connecticut Green Bank Stakeholder Webinar Quarter 4 FY17 (presented Aug. 8, 2017) featuring CEO and President Bryan Garcia. A video of the presentation is also available on ctgreenbank.com.
Implementing an on-site energy strategy requires a solution to the barrier of upfront cost. The unique energy financing program known as Property Assessed Clean Energy can make launching an on-site solution project cash flow positive immediately!
April 12, 2016 CEFAC Energy Storage PresentationJosh Erwin
The document summarizes a presentation on energy storage project financing given to the Clean Energy Financing Advisory Council. It includes the following:
1) Presentations were given by representatives from DBL Partners, Generate Capital, Advanced Microgrid Solutions, and Clean Energy Group on various topics related to energy storage project financing such as market trends, project finance models, case studies, and challenges.
2) The energy storage market is growing substantially and lithium ion battery chemistry currently dominates deployments. Project financing can drive standardization and scale for the industry.
3) Financing models discussed included infrastructure as a service, mitigating technology risks, and monetizing multiple revenue streams to improve project economics.
4
Ramping up Energy Efficiency in the CommonwealthMary Shoemaker
The document discusses strategies for ramping up energy efficiency programs in the Commonwealth. It recommends making existing programs more effective by increasing participation and enhancing program delivery. It also suggests expanding programs by targeting new customer segments and identifying new energy efficiency measures. Finally, it stresses the importance of setting long-term energy savings goals to guide efficiency investments and measure progress over time.
Bracken Hendricks | Innovation Showcase | 2014 Solar SymposiumGW Solar Institute
This is an Ignite Style presentation (five minute max presentations with slides that automatically advance every 15 seconds) that was a part of the 2014 Solar Symposium Innovation Showcase.
Bracken Hendricks, CEO, Urban Ingenuity
PACE and Affordable Housing: Find out how Property Assessed Clean Energy (PACE) financing can fund clean energy retrofits and help solve broader financial challenges for affordable housing developers, owners, and property managers by providing a new capital solution for affordable housing preservation.
This document summarizes CEFIA's residential solar financing products. CEFIA offers three main products - the CT Solar Lease, CT Solar Loan, and Smart-E Loan. The CT Solar Lease is a no money down option for installers and customers. The CT Solar Loan allows homeowners to take out a loan to own their solar system. The Smart-E Loan provides financing through local banks. CEFIA uses techniques like loan loss reserves, subordinated debt, and performance incentives to enhance these products and attract private capital at lower costs. This allows more homeowners to adopt solar and transitions the market from relying on subsidies to sustainable financing.
This document summarizes CEFIA's residential solar financing products. CEFIA offers three main products - the CT Solar Lease, CT Solar Loan, and Smart-E Loan. The CT Solar Lease is a no money down option for installers and customers. The CT Solar Loan allows homeowners to take out a loan to own their solar system. The Smart-E Loan provides financing through local banks. CEFIA uses credit enhancements like loan loss reserves and subordinated debt to attract private capital at lower costs and enable more favorable financing terms that expand access to solar for homeowners.
Qualified Energy Conservation Bonds (Pete)TNenergy
This document provides an overview of Qualified Energy Conservation Bonds (QECB) and how Tennessee's QECB program works. It discusses how QECBs can be used to finance energy efficiency and renewable energy projects at below-market interest rates. It provides examples of projects funded by QECBs and best practices for issuers. Tennessee's QECB allocation process involves initial allocations to large local jurisdictions, with remaining funds reallocated to the state and made available competitively to other eligible entities.
Manufacturing in America 2016 PACE presentation. How to use the money already being spent on the inefficient use of energy to become more energy efficient with no upfront cost.
November 21, 2013 | Next Steps: Financing solar for your business | Victor Ro...Fresh Energy
On-Bill Repayment is a platform that allows third party private capital to finance qualifying energy efficiency and renewable energy projects for businesses. Repayment of the financing is done through utility bills, reducing credit risk for lenders. It works by having the repayment obligation tied to the meter and property, remaining in place even if ownership changes. States like Hawaii and Connecticut have begun implementing On-Bill Repayment platforms that are expected to launch in early-mid 2014. The platform is meant to increase access to capital for clean energy projects and accelerate their adoption through better financing options.
This proposal suggests expanding the Pay As You Save (PAYS) financing model to provide $10 billion in financing for distributed clean energy upgrades and resources. PAYS allows utility customers to purchase energy efficiency upgrades and renewable energy systems through a voluntary tariff on their utility bill. There are no upfront costs, ongoing savings are guaranteed, and the obligation transfers with the property. This could expand access to financing for rural and low-income customers in the US and globally, growing clean energy investment from $10 million to $3 billion annually in rural America and over $10 billion total worldwide.
Funding and project development strategies for energy improvementESRConline
This document summarizes a webinar on funding and developing energy improvement projects. It includes presentations from the Natural Capital Investment Fund, Self-Help Credit Union, and Elevate Energy on their programs and financing options for energy efficiency and renewable energy projects. It also describes an energy project at the First State Capitol Building in West Virginia that received financing, including new windows, repairs, a cool roof, HVAC upgrades, LED lighting, and solar PV. The document concludes with contact information for follow up questions.
The CMS Innovation Center held the second in a series of webinars on Wednesday, July 6, 2016 for the Support and Alignment Networks under the Transforming Clinical Practice Initiative (TCPI). This webinar focused on providing information regarding the application process.
- - -
CMS Innovation Center
http://innovation.cms.gov
We accept comments in the spirit of our comment policy:
http://newmedia.hhs.gov/standards/comment_policy.html
CMS Privacy Policy
http://cms.gov/About-CMS/Agency-Information/Aboutwebsite/Privacy-Policy.html
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Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
This document discusses incentives for energy efficiency programs. It begins by providing background on ACEEE and the author. It then outlines that the presentation will cover incentive concepts, program theory, design options, types of incentives, collaborative development, examples from North America, and why businesses should care about incentives. Key points include that incentives can achieve timely investment in efficiency by addressing market barriers, and that examples show options like rebates, self-direct programs, and escrow accounts to allow businesses to access funds for efficiency projects.
Presentation given by Brian DiGiorgio on the Panel: "After Recycling, Then Watt?" at the Great Valley Center's Sacramento Valley Forum on October 27, 2010 in Chico, CA.
David Meadows of the Ohio Department of Development discusses low-cost loans that support energy efficiency and renewable energy improvements during the AEP Ohio Water/Waste Water Customer Seminar held at Zane State in Zanesville, Ohio.
Models for Financing Clean Energy- SWEEP 2009HarcourtBrownEF
This document summarizes several models for financing clean energy projects, including on-bill loans, on-bill tariffs, property tax programs, and third-party loans. It provides examples of successful programs in Pennsylvania, Manitoba, Connecticut, Kansas, Berkeley and Boulder. Key considerations for effective financing models include simplicity, sources of low-cost capital, loan terms that minimize monthly payments, managing credit and default risks, and partnering with utilities for on-bill collection where feasible. The most prominent examples highlighted are Pennsylvania's Keystone HELP program and Manitoba Hydro's on-bill loan program.
The document discusses Property Assessed Clean Energy (PACE) programs, which allow commercial, industrial, and residential property owners to finance energy efficiency and renewable energy improvements through voluntary tax assessments. Local governments establish PACE boards to qualify projects and administer financing from municipal bonds secured by the tax assessments. PACE programs provide long-term financing for improvements, create local jobs, and allow properties to save money through reduced energy costs over time.
Qualified Energy Conservation Bonds (Katie)TNenergy
The document provides an overview of Qualified Energy Conservation Bonds (QECBs), including:
- What QECBs are and how they can be used to finance energy conservation projects
- Examples of QECB projects in Tennessee that have funded energy efficiency upgrades in buildings and infrastructure
- Best practices for using performance-based contracting and identifying high-impact, shovel-ready projects
- Details on Tennessee's QECB program allocation process and opportunities for future competitive sub-allocations
Connecticut Green Bank Stakeholder Webinar Quarter 4 FY17RudySturkCGB
Connecticut Green Bank Stakeholder Webinar Quarter 4 FY17 (presented Aug. 8, 2017) featuring CEO and President Bryan Garcia. A video of the presentation is also available on ctgreenbank.com.
Implementing an on-site energy strategy requires a solution to the barrier of upfront cost. The unique energy financing program known as Property Assessed Clean Energy can make launching an on-site solution project cash flow positive immediately!
April 12, 2016 CEFAC Energy Storage PresentationJosh Erwin
The document summarizes a presentation on energy storage project financing given to the Clean Energy Financing Advisory Council. It includes the following:
1) Presentations were given by representatives from DBL Partners, Generate Capital, Advanced Microgrid Solutions, and Clean Energy Group on various topics related to energy storage project financing such as market trends, project finance models, case studies, and challenges.
2) The energy storage market is growing substantially and lithium ion battery chemistry currently dominates deployments. Project financing can drive standardization and scale for the industry.
3) Financing models discussed included infrastructure as a service, mitigating technology risks, and monetizing multiple revenue streams to improve project economics.
4
Ramping up Energy Efficiency in the CommonwealthMary Shoemaker
The document discusses strategies for ramping up energy efficiency programs in the Commonwealth. It recommends making existing programs more effective by increasing participation and enhancing program delivery. It also suggests expanding programs by targeting new customer segments and identifying new energy efficiency measures. Finally, it stresses the importance of setting long-term energy savings goals to guide efficiency investments and measure progress over time.
Bracken Hendricks | Innovation Showcase | 2014 Solar SymposiumGW Solar Institute
This is an Ignite Style presentation (five minute max presentations with slides that automatically advance every 15 seconds) that was a part of the 2014 Solar Symposium Innovation Showcase.
Bracken Hendricks, CEO, Urban Ingenuity
PACE and Affordable Housing: Find out how Property Assessed Clean Energy (PACE) financing can fund clean energy retrofits and help solve broader financial challenges for affordable housing developers, owners, and property managers by providing a new capital solution for affordable housing preservation.
This document summarizes CEFIA's residential solar financing products. CEFIA offers three main products - the CT Solar Lease, CT Solar Loan, and Smart-E Loan. The CT Solar Lease is a no money down option for installers and customers. The CT Solar Loan allows homeowners to take out a loan to own their solar system. The Smart-E Loan provides financing through local banks. CEFIA uses techniques like loan loss reserves, subordinated debt, and performance incentives to enhance these products and attract private capital at lower costs. This allows more homeowners to adopt solar and transitions the market from relying on subsidies to sustainable financing.
This document summarizes CEFIA's residential solar financing products. CEFIA offers three main products - the CT Solar Lease, CT Solar Loan, and Smart-E Loan. The CT Solar Lease is a no money down option for installers and customers. The CT Solar Loan allows homeowners to take out a loan to own their solar system. The Smart-E Loan provides financing through local banks. CEFIA uses credit enhancements like loan loss reserves and subordinated debt to attract private capital at lower costs and enable more favorable financing terms that expand access to solar for homeowners.
Qualified Energy Conservation Bonds (Pete)TNenergy
This document provides an overview of Qualified Energy Conservation Bonds (QECB) and how Tennessee's QECB program works. It discusses how QECBs can be used to finance energy efficiency and renewable energy projects at below-market interest rates. It provides examples of projects funded by QECBs and best practices for issuers. Tennessee's QECB allocation process involves initial allocations to large local jurisdictions, with remaining funds reallocated to the state and made available competitively to other eligible entities.
Manufacturing in America 2016 PACE presentation. How to use the money already being spent on the inefficient use of energy to become more energy efficient with no upfront cost.
November 21, 2013 | Next Steps: Financing solar for your business | Victor Ro...Fresh Energy
On-Bill Repayment is a platform that allows third party private capital to finance qualifying energy efficiency and renewable energy projects for businesses. Repayment of the financing is done through utility bills, reducing credit risk for lenders. It works by having the repayment obligation tied to the meter and property, remaining in place even if ownership changes. States like Hawaii and Connecticut have begun implementing On-Bill Repayment platforms that are expected to launch in early-mid 2014. The platform is meant to increase access to capital for clean energy projects and accelerate their adoption through better financing options.
This proposal suggests expanding the Pay As You Save (PAYS) financing model to provide $10 billion in financing for distributed clean energy upgrades and resources. PAYS allows utility customers to purchase energy efficiency upgrades and renewable energy systems through a voluntary tariff on their utility bill. There are no upfront costs, ongoing savings are guaranteed, and the obligation transfers with the property. This could expand access to financing for rural and low-income customers in the US and globally, growing clean energy investment from $10 million to $3 billion annually in rural America and over $10 billion total worldwide.
Funding and project development strategies for energy improvementESRConline
This document summarizes a webinar on funding and developing energy improvement projects. It includes presentations from the Natural Capital Investment Fund, Self-Help Credit Union, and Elevate Energy on their programs and financing options for energy efficiency and renewable energy projects. It also describes an energy project at the First State Capitol Building in West Virginia that received financing, including new windows, repairs, a cool roof, HVAC upgrades, LED lighting, and solar PV. The document concludes with contact information for follow up questions.
The CMS Innovation Center held the second in a series of webinars on Wednesday, July 6, 2016 for the Support and Alignment Networks under the Transforming Clinical Practice Initiative (TCPI). This webinar focused on providing information regarding the application process.
- - -
CMS Innovation Center
http://innovation.cms.gov
We accept comments in the spirit of our comment policy:
http://newmedia.hhs.gov/standards/comment_policy.html
CMS Privacy Policy
http://cms.gov/About-CMS/Agency-Information/Aboutwebsite/Privacy-Policy.html
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Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
10. Agenda
• Policy Context
• What is On-Bill Financing (OBF)?
• How does it work?
• Who is Eligible?
• What is Eligible?
• OBF w/o Incentive (Alternative Pathway)
• Additional Resources
11. Policy Context
Where we are headed…
• SB 350 (2015) and the Governor’s Goals:
• Double the efficiency of existing buildings by 2030
• AB 802 (2015)
• Capture ‘stranded potential’ energy savings from to-code measures and
begin using Smart Meter data for savings calculations
• High Opportunity Projects and Programs (HOPPs):
• On-Bill Finance Alternative Pathway
• Residential Pay for Performance
• Retirement of Diablo Canyon Power Plant
• PG&E committed to replacing capacity with GHG-free sources
• 2,000 GWH of Energy Efficiency between 2018 and 2024
12. What is On-Bill Financing?
REPAYMENT
SAVINGS
EQUIPMENT
0%
LOAN
• On-Bill Financing is a $70M revolving loan fund (RLF), used to finance
energy efficiency projects for PG&E non-residential customers.
• The RLF uses ratepayer funds and is loaned at 0%
• As customers repay their loans, those funds can be loaned out again
• Loan payments are intended to be ‘bill-neutral,’ meaning they are
based on the estimated energy cost savings from the EE project
13. What is On-Bill Financing?
*Government Agency Customer is defined as a tax-payer funded agency of federal, state,
county, or local government that uses tax revenue to pay its PG&E energy bills. Such
Customers may include, but are not limited to, public schools, state of California colleges and
universities, public libraries, and government offices.
1 Government customers may combine premises in a single loan, so this may be considered a
per project cap.
1
16. Things to know:
All loans are
subject to
qualification
Estimated
energy savings
are not
guaranteed by
PG&E
Business
closure or
relocation will
require balance
repayment on
settling bill
Projects are
funded after
installation and
inspection
*Some contractors will float
the project costs until
project is funded
17. Who is eligible?
OBF is available to PG&E’s Business and Government
Customers (non-residential) that meet the following
conditions throughout the duration of the EE retrofit project:
1. Currently receive service at the retrofit location
2. Active PG&E account for the previous 24 months
3. Good credit standing for the past 12 months
(no 24-hour disconnection notices)
18. What is eligible?
OBF is available for energy efficiency retrofit projects.
Eligible costs include:
• EE Measures (net of rebates/incentives)
• Labor, taxes, and other directly related costs
• Operations & Maintenance Plans (O&M)
• Measurement & Verification Plans (M&V)
OBF may not be used to finance:
• New construction/new load;
• Basic lighting (non-LED) exceeding 20% project costs
• Customer’s in-house labor or project management
• Distributed generation
19. What is eligible?
Incentive Pathway
(Traditional OBF)
• Only rebated/incentivized measures
• Can combine deemed, custom, up/midstream measures
• Can accept deemed or site-specific savings calculations
• Loan only funded after all rebates/incentives approved
• Pre-Install Review required
20. What is eligible?
Alternative Pathway
A new way to finance EE Projects
• Any measure that saves energy!
• Cannot receive a rebate or incentive
• Lighting products must be on the Qualified Products List (caioulightingqpl.com)
• Only functioning equipment is eligible for replacement
• Projects must include O&M and M&V plans
• Baseline and M&V should use customer’s meter data:
• May use PG&E’s Share My Data tool to receive Smart Meter data
• Projects must be developed by an Investor Confidence Project (ICP)
Credentialed Project Developer and reviewed by an ICP Credentialed QA
Provider
• PG&E Pre-Install Review optional. Work with a QA Provider to ensure the
project meets Program requirements
21. OBF_AP Process
< 1 week
2 weeks
2 months
1 month
6 months
2 weeks
Payment History
Screening
Project
development
Installation
Apply to
PG&E and
approval
Operations
begins
Work with QA Provider
to meet Program
requirements
QA Post-
install
review
No need for PG&E pre-install review!
22. Additional Resources
www.pge.com/OBF
Traditional OBF:
• Customer and Contractor Handbook
• Fact Sheet
• Trade Pro Application Training
Alternative Pathway:
• Contact Arup, who is supporting the program and acting as
QA during the pilot and can send a copy of the draft
Handbook:
• Elizabeth.Joyce@arup.com
• Katrina.Zarate@arup.com
24. Clean Energy Financing Advisory Council:
Small Business Energy Savings
Miriam Joffe-Block, California Alternative Energy and Advanced
Transportation Financing Authority (CAEATFA)
25. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 25CEFAC San Francisco Oct 28, 2016
California’s
Commercial Energy Efficiency
Financing Pilots
Opportunities for Contractors,
Financing Entities and Small
Businesses
26. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 26CEFAC San Francisco Oct 28, 2016
CHEEF Financing:
Another tool to facilitate commercial energy upgrades
Commercial
PACE
On-Bill Financing
(utility capital)
SBA/State Loan
Guarantees
CHEEF financing
• Private capital
• Secured by equipment only
• Loans, leases, energy service
agreements
• On-bill and off-bill repayment
options
• Attractive rates and terms for
customers
27. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 27CEFAC San Francisco Oct 28, 2016
o Housed in Office of
State Treasurer
o Develops market-
driven financial
assistance programs
to support State’s
energy and
environmental policy
goals.
28. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 28CEFAC San Francisco Oct 28, 2016
29. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 29CEFAC San Francisco Oct 28, 2016
o More attractive financing
reaching a broader customer
base enabling more EE
projects with deeper energy
savings
o Bring private capital into
energy efficiency space
o Establish a statewide
database of EE project and
financing data to spur future
investments
Pilot Program Goals:
Commercial pilots
Launching Q2/Q3
2017
30. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 30CEFAC San Francisco Oct 28, 2016
CHEEF Commercial Pilot Features
Small Business
Meets SBA size restrictions, for-profits and non-profits
On Bill
Full amount of financing is credit enhanced
EE and DR only
Loan Lease & ESA
Off Bill
Part or all of
financing is credit-
enhanced
EE, DR and DG
Lease & ESA
Non
Residential
Any size, gov ok,
non-profit ok
On Bill
No credit
enhancement
EE, DR and DG
Loan, Lease, &
ESA
31. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 31CEFAC San Francisco Oct 28, 2016
Why should financial entities, contractors and small
businesses participate in the small business pilots?
o Financial Entities - Mitigate Risk: Access $14 million in credit
enhancements for small business financing
o Contractors - Close more deals and increase project scope: Attractive
financing options for customers facilitates more projects and deeper
energy retrofits
o Contractors and Financing Entities -
o Offer convenience to customers: On-bill repayment options means 1 monthly payment
for customers: energy and financing charges
o Take advantage of lead generation: $10 million budget for marketing, training and
outreach, shared among the various pilots. Cooperative marketing and co-branded
collateral available.
oSmall Businesses – Access non-real estate secured financing at attractive
rates and terms, to finance energy upgrades with no up front capital
outlay. Access deeper energy savings and take advantage of utility
rebates and incentives.
32. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 32CEFAC San Francisco Oct 28, 2016
Credit enhancements allow financial entities to
finance a broader set of borrowers or offer
more attractive terms
oStructured as a loan loss reserve
o5-20% value of each
loan/lease/ESA reserved for
lender in a trust account
oLender able to recover 90% of
loss in case of credit default,
provided they have funds in trust
account
oNo cost to lender nor borrower
33. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 33CEFAC San Francisco Oct 28, 2016
Features of CHEEF Pilots help contractors
close more deals
oFlexible projects: 30% of financing can pay for non EE measures
oTenants can qualify: Borrower not required to be property owner
oProduct choices: Loans, Leases, Service Agreements
oNo industry restrictions
oNo upfront investment required of borrowers
oTerms up to 10 years
oNo restrictions on amount of lighting
oOn bill repayment option
Choice to follow the utility’s rebate and incentive guidelines for
deemed and custom measures, OR to use a for a “finance-only”
option like the OBF Alternative Pathway, utilizing Investor
Confidence Project protocols.
34. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 34CEFAC San Francisco Oct 28, 2016
On Bill Repayment –
but with private capital
$
$
$$
Master Servicer
We recruit
lenders, lease
providers and
ESA providers so
customers have
options.
35. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 35CEFAC San Francisco Oct 28, 2016
CHEEF Pilots offering private financing secured by
equipment complements OBF and C-PACE
We think private financing can complement OBF for:
o Projects greater than $100,000 or less than $5,000
o Where the customer uses OBF for the first $100,000 of cost, but needs private capital to cover
remaining costs.
o Customers wanting an equipment lease or Energy Service Agreement (ESA)
o Larger measures requiring payback longer than 5 years
o Projects that may never be “bill neutral” or won’t work with the utility’s methodology for
calculating bill neutrality
o Projects with significant non energy efficiency components (up to 30% of project cost)
o Where single end use lighting > 20% of project cost
o Lighting measures on the DLC but not on the California Qualified List of Products (QLP)
o Customers needing to replace equipment urgently who can’t wait for OBF approval
o Customers wanting energy savings now who can’t wait for utility’s custom incentive approval
We think private financing can complement Commercial PACE for:
o Tenant occupants (most small business owners rent space)
o Customers not wanting a lien on their property
o Smaller projects for which a PACE transaction is too costly
36. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 36CEFAC San Francisco Oct 28, 2016
Project Eligibility Parameters Summary - Proposed
Rebate/Incentive Path Finance Only Path
Contractor
Requirements
Proper licenses and insurance
Utility Requirements for
participation in programs
ICP Developer Credential
Eligible Measures
Any measures eligible for
IOU/REN rebate or incentive
program. Must meet all rebate
and incentive requirements
Any energy saving measure (per CPUC
EE Policy Handbook 5.0)
Lighting must be on DLC.
QA/QC Pre-
Installation
Deemed measures: None
Custom: Follows utility custom
process; utility approval required
Utilizes Investor Confidence Protocols
3rd party QA Provider signs off on Pre-
Installation checklist
QA/QC Post-
Installation
Follows utility inspection
processes
Utilizes Investor Confidence Protocols
3rd party QA Provider signs off on Post-
Installation checklist
Data needed
Contractor/Customer send rebate
or incentive application and
information to utility
Finance Entity sends completed QA/QC
checklist to CHEEF
QA Provider sends underlying data to
utility
Financing terms, customer energy data release, borrower privacy disclosure
CHEEF invoice (high level measure and project info) and certifications
M&V and EM&V Utility and/or CPUC may choose to do M&V on the project.
37. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 37CEFAC San Francisco Oct 28, 2016
Financing Parameters - Proposed
oLoans, Leases and ESAs are eligible
oFinancing entities set their own product terms and follow their own
underwriting; CHEEF sets minimum underwriting guidelines
oLoan loss reserve contribution for each lender of 5-20% value of
each loan, lease or ESA
oLenders can claim up to 90% of loss in case of a credit default
oLoan loss reserve contribution on up to $1MM of small business
financing
oNo cap on interest rates, but Participating financial entities must
demonstrate benefit to customers as a result of receiving a credit
enhancement
oFinancing entities must be regulated depositories or possess a
California Lenders License; specialty finance lenders must
demonstrate organizational track record and committed capital
For full list of proposed financing and project eligibility parameters, please visit
thecheef.com/commercial
38. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 38CEFAC San Francisco Oct 28, 2016
We want your input on program design
oCurrently seeking input regarding:
–Financing Program Parameters
–Project Eligibility Parameters
oProposed program guidelines can be found at
http://www.thecheef.com/commercial
oSend comments to cheef@treasurer.ca.gov or to
mjblock@treasurer.ca.gov
oComments due Dec 2, 2016
oOn bill repayment workshop will be held November,
2016
oWe are always happy to meet or schedule a phone call
39. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 39CEFAC San Francisco Oct 28, 2016
Questions for you
oWhat are your customers telling you? What are their financing needs?
oHow can we enable deal flow through these pilots?
oFor contractors:
–How could private financing help you get more deals done? What types of
deals?
–Do you have lenders you work with already?
–When might you use a “finance-only” option and ICP protocols instead of the
utility’s custom incentive approval process?
oFor Financial Institutions:
–How could access to a loan loss reserve help you provide broader access to
financing or better terms?
–What do you think of our proposed eligibility guidelines for financing entities?
And for borrower underwriting minimums?
–How do we balance appropriate guiderails for participation with a
streamlined process?
40. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 40CEFAC San Francisco Oct 28, 2016
CHEEF Commercial Pilot Development
Schedule
June-December, 2016:
o On Bill Infrastructure Testing
Q4 2016/ Q1 2017:
o Regulation development and workshops
Q1 2017:
o Regulations approved
Q1/Q2 2017:
o Participating Financial Institution (PFI) and Participating
Finance Lender (PFL) enrollment
o PFI/PFL System integration with CAEATFA’s Master Servicer
o Potential off-bill pilot launch
Q2/Q3 2017:
o On bill launch
41. CALIFORNIA HUB FOR ENERGY EFFICIENCY FINANCING 41CEFAC San Francisco Oct 28, 2016
CHEEF Office and to join our mailing list:
Tel: (916) 651-8157
Email: cheef@treasurer.ca.gov
Web: www.treasurer.ca.gov/caeatfa/cheef
We want to hear from you
Miriam Joffe-Block
Mjblock@treasurer.ca.gov
916-653-3032
www.thecheef.com
42. Clean Energy Financing Advisory Council:
Small Business Energy Savings
Rich Chien, City and County of San Francisco
43. SFEnvironment.org
New Tools for the Toolbelt:
Moving projects with capital and data
Rich Chien, City and County of San Francisco richard.chien@sfgov.org
Clean Energy Financing Advisory Council (CEFAC) Financing
Workshop
November 1, 2016
44. SFEnvironment.org
SF PACE: Prologis
Pier 1, San Francisco
• $1,400,000 bond issued by SF, purchased by Clean Fund
• HVAC + lighting + 200kW PV = 32% demand reduction
• Solved “spilt incentive” (savings and debt service shared w/tenants)
• Positive cash flow
46. SFEnvironment.org
BayREN C-PACE Program
• Sustainable Real Estate
Solutions (SRS)
• Contractor training
• Project development support
Optimize project scenario
for SIR*>1
ICP approach
Owner, capital provider
meetings & coordination
• “Success-based” fee
structure
• ~$16 million pipeline
*Savings-to-Investment ratio: total projected savings / total debt service over life of PACE term
47. SFEnvironment.org
Co-pay Microloans
• Fill cash gap for small businesses (< OBF)
• Complete more projects, improve monthly SMB cash flow, and
provide energy and financial savings
• Terms
o 0% loans to cover co-pay range $100-$4,999 for businesses that
enroll in San Francisco Energy Watch program
o Microloans repaid from energy savings, short terms (6-18 mo.),
revolve $ to loan to more customers
o Use existing program infrastructure (ECM’s, assessors,
contractors)
o Community lending partner to administer fund; will provide wrap
around credit building support, training, etc.
49. SFEnvironment.org
BRICR (BayREN Integrated Commercial Retrofits)
• U.S. DOE grant for SMB’s (<50K sq. ft.)
• ABAG/BayREN (lead); LBNL, NREL; ICP/OpenEEMeter, Joule,
Renew Financial; cities of SF, Berkeley, Oakland
• Develop and disseminate retrofit tool that
o Describes and segments small commercial building stock in
Bay Area by physical attributes, energy assets, and other
relevant data
o Applies large scale energy modeling to identify “best fit”
buildings for serial and one-time deep retrofits (approaching
ZNE)
o Uses interface that develops project proposals and calculates
savings
o Is open source, durable, and can be updated by users
(implementers) to improve data quality over time.
50. SFEnvironment.org
BayREN SMB programs (draft)
• Support existing efforts;
work with new actors
and opportunities (e.g.
AB 802, private
financing)
• Customized advice and
services to enable
deeper savings
• Develop & foster
long-term relationships
• Pilot new approaches
(P4P)
SMB
Performance
Advisor
Commercial
PACE, OBF,
CHEEF Pilots
Small
Business
Co-pay
Microloans
SMB Pay for
PerformanceLGP’s/Energy
Watch, PG&E
programs
Water
agencies;
green business
programs; PAYS
56. Breaking Down Barriers to EE Finance
Performance
Risk
Credit
Risk
Asset
Risk
• On-Bill Repayment
• Commercial PACE
• Green Banks
• Benchmarking
• Asset Labeling
• Disclosure
Project Finance
Long-term financing
of projects based
upon the projected
cash flows of the
project rather than
the balance sheets of
its sponsors.