ECONOMIC DEVELOPMENT TOOL

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Presentation transcript:

ECONOMIC DEVELOPMENT TOOL PACE AS A TEXAS-SIZED ECONOMIC DEVELOPMENT TOOL ADVANCING SOLAR THROUGH PACE

Who’s IncentiFind? Based in Houston Founded mid-2016 Team of 21+ Partnered with 500 Lenders We are a national database of incentives, and we connect residential and commercial projects to incentives when they go green.

$10B What’s the problem? INCENTIVES PROJECTS CURRENT SOLUTIONS 12,000+ incentives are offered by several levels of government to encourage projects to go green but have no centralized database Each year there are thousands of green projects commence that are eligible for incentives but have no efficient way to connect to the incentives Without access to a searchable database, time and money are wasted by property owners and those serving them.

$10B What’s IncentiFind’s solution? INCENTIVES PROJECTS CURRENT SOLUTION $10B Centralized database to house 12,000+ green incentives Efficient way to connect to the incentives they are eligible for No more expensive consultants No more in-house staff Homeowners now have an option

Assumes Project Timeline What’s IncentiFind’s process? In 3-easy-steps, IncentiFind’s database quickly connects projects to cost-saving incentives when they go green. 2 Minutes Less Than 2 Weeks Assumes Project Timeline 1. SEARCH Fill out a SEARCH Survey 2. VERIFY Purchase VERIFY Report 3. APPLY Pay for APPLY Services

Green Home Improvement/ YR What’s our shared Market Opportunity? Green Home Improvement/ YR Green Commercial/ YR Homeowners spending on home improvement US Green Building Market size (2015 Dodge building study) $192B $81B $57.9B 2,886 Homeowners spending on significant improvements that may require a loan Total number of buildings that received a green building certification in 2018 Home Improvement Using a biennial index: American Housing Survey, Harvard’s Joint Center for Housing Studies estimates a total of $383.3B spent by homeowners on home improvement in 2017. (https://www.homeadvisor.com/r/why-home-improvement-industry-worth-billions/) http://www.jchs.harvard.edu/sites/default/files/jchs_improving_americas_housing_2015_final_0.pdf $400B = total market $192B = represents how much homeowners are spending on home improvement in the US $57.9B = represents homeowners taking out a loan to make significant improvements to their home (typically green improvements because they want reduce their monthly bills) Green Commercial The American Institute of Architects and Rocky Mountain Institute (2013). “Deep Energy Retrofits: An Emerging Opportunity” (http://css.umich.edu/factsheets/commercial-buildings-factsheet) https://cbre.ent.box.com/s/5yj9vdpks4qhmhgjq7kbiiou5o99xp2b https://static1.squarespace.com/static/57fa8eb0b3db2b529d44fa66/t/5b7eed70032be4a02de6f9c9/1535044977121/GBAI2018.pdf http://css.umich.edu/factsheets/commercial-buildings-factsheet https://www.oracle.com/us/assets/key-industry-trends-2773761.pdf https://www.usgbctexas.org/Blogs/7148779 TAM = 5.6 Million commercial buildings in USA according to research conducted by Energy Information Administration (EIA) TAM = US Green Building Market according to a 2015 Dodge Study 2,886 = represents total number of projects Certified projects in 2018

What’s IncentiFind’s impact as a tool? In 2018, IncentiFind brought an average $0.5MM in cost-savings to home improvement projects, and $3.6MM in cost savings to commercial projects. 2019 is expected to double - at minimum. INCENTIVES COMMERCIAL PROJECTS RESIDENTIAL PROJECTS Database houses 12,000+ incentives from Federal, State, County, City, Utility New Partnerships in 2019 ensure our data will be updated continuously Our database was designed for whole-building approach, capturing EE, WC, Renewables and more Our VERIFY Reports are in html format Single dashboard to monitor incentive applications Starting with incentives and getting connected to more Our Portfolio Reviews provide cost-saving insight during critical CIP planning Our VERIFY Reports are in html format Starting with incentives and getting connected to more New Partnerships in 2019 give homeowners access more tools to tap into additional cost-savings

How does IncentiFind work with Lenders? 1. SEARCH Fill out a SEARCH Survey 2. VERIFY Purchase VERIFY Report 3. APPLY Pay for APPLY Services Generates qualified leads for IncentiFind & Lenders Last 68 (organic) commercial customers, 70% indicated interest in connecting to a Lender; 20% from 70 (organic) residential customers In less than 2 weeks, IncentiFind connects property owners to cost-saving incentives Reports are NOT tied to underwriting or loan closing process Lenders are not associated with this step APPLY ensures cost-savings are captured

What’s IncentiFind seeing in 2019? INCENTIVES COMMERCIAL PROJECTS RESIDENTIAL PROJECTS Highest demand in residential & commercial sectors is EE Increasing interest in Water Conservation incentives, but not a high number incentives offered (11% of our database) Top 10 States for incentive offerings for green buildings: MA, CA, TX, NY, FL, CO, WA, MD, RI, CT Multi-family projects are on the rise (new construction and existing building upgrades) Top 5 States with the greatest commercial activity: TX, CA, CO, UT, NJ Top 3 Commercial Asset types: multi-family, office, retail Homeowners EE is their greatest demand (HVAC for heating and cooling) Top 5 States with the greatest residential (single-family) activity: TX, CT, CO, VA, CA

Contact IncentiFind We are a national database of incentives, and we connect residential and commercial projects to incentives when they go green. Natalie Goodman, Founder IncentiFind.com natalie.goodman@incentifind.com