Skip to main content
UploadLanguage (EN)Support
BusinessMobileSocial MediaMarketingTechnologyArt & PhotosCareerDesignEducationPresentations & Public SpeakingGovernment & NonprofitHealthcareInternetLawLeadership & ManagementAutomotiveEngineeringSoftwareRecruiting & HRRetailSalesServicesScienceSmall Business & EntrepreneurshipFoodEnvironmentEconomy & FinanceData & AnalyticsInvestor RelationsSportsSpiritualNews & PoliticsTravelSelf ImprovementReal EstateEntertainment & HumorHealth & MedicineDevices & HardwareLifestyle
Uploaded byannphancock
PPTX, PDF891 views

Liz Yager PACE & PAYS 10 20-14

This document discusses financing innovations for energy efficiency projects in Sonoma County, California. It describes the Property Assessed Clean Energy (PACE) program, which provides low-cost financing for both residential and commercial energy upgrades that is paid back through property taxes. Common energy efficiency upgrades funded by PACE include solar PV, HVAC, insulation, and lighting. To date, PACE financing has reduced greenhouse gas emissions by over 9,500 metric tons annually and generated $85 million in total local economic impact through $68.4 million in financing and use of local contractors for over 80% of projects.

Environment◦
Download to read offline
Financing Innovations in Sonoma County 1 Business of Local Energy Symposium October 23, 2014
2
3
4
Advantages of PACE Instrument Property Assessed Clean Energy – AB811, 2008 • Available for residential and non-residential properties • Low upfront costs • The minimum amount of financing is $2,500 • The financed amount is an assessment attached to the property, not the owner, paid back through the property tax system over a term of 10 or 20 years at a fixed 7% simple interest rate (SCEIP terms, others vary) • For non-residential projects the property assessment preserves capital for core business investments • Knowledgeable staff to assist in the process
Improvement Types using PACE >80% of All Sonoma Projects are Completed by Local Contractors 20% 2% Generation: 39% Energy Efficiency: 59% Water Conservation: 2% 9/24/14, CC 6 39% 6% 10% 2% 3% 12% 2% 2% 2% Solar PV Solar Thermal HVAC Cool Roof Water Heater Sealing & Insulation Windows & Doors Lighting Ventilation Water Cons. Other Energy Efficiency
Greenhouse Gas Reduction Results Total of 9564.2 MTCO2E Reduced Annually Solar PV Installed: 1349 systems totaling 9.57MW of generation
SCEIP Local Multiplier Effect $68.4 million JOBS CREATED/RETAINED FINANCING TOTAL LOCAL IMPACT IMPROVEMENTS BY LOCAL CONTRACTORS >80% 1368 $85 million