Welcome Home to Savings Team Bulldog March 14, 2014
Problem Statement 100 mw of renewable energy capacity installed at federally subsidized housing by 2020 Infrastructure resiliency Incentivizing investments in renewable and distributed energy
Priority Sites GENERAL METRICS ◦High density ◦High energy bill DISTRIBUTED ENERGY ◦Tri-generation ◦Natural gas & electricity prices ◦Areas susceptible to natural disasters
Priority Sites, continued 2 RENEWABLE ENERGY ◦Solar power ◦Solar Insolation ◦Air Density ◦Snowfall ◦Wind
Replicable Process UTILITY COMPANY PARTNERSHIPS ◦Solar lease agreements UPGRADE COOPERATIVES ◦Reliant funding ◦Tax incentives ◦Purchase discounts
Replicable Processes FINANCIAL BARRIERS ◦Large initial costs ◦Lack of funding sources ◦Approval for new loans REDUCING HUD’S ENERGY BILL ◦Installing renewable energy ◦Increasing energy efficiency ◦Reducing tenant energy use
Replicable Processes, continued 3 INCENTIVIZING INVESTMENTS Aligned incentive programs ◦Budget-based rents ◦Energy cost savings for upgrades Tax credit programs ◦Current program ◦Priority locations ◦Upgrade cooperatives
Replicable Processes, continued 4 INCENTIVIZING INVESTMENTS ◦Online & standardized paperwork ◦Loan cap & interest rate augmentation ◦Risk coverage for upgrades ◦Owner energy bill buy-in
Engaging & Motivating Stakeholders EDUCATION ◦Identify stakeholders ◦Tenant education ◦Owner & property manager education ◦Progress tracking & rewards STAKEHOLDERS ◦Federal government ◦State governments ◦Local governments ◦Non-governmental entities (NGOs) ◦Tenants ◦Building owners ◦Property managers ◦Energy providers ◦Investors
Questions
Appendixe s 10
Current Photovoltai c Trends According to Report by U.S. Solar Market Insight 2011 New installations ◦More than 61,000 systems ◦109% growth (7% of global total) ◦Increased in 18 U.S. states. Weighted average system price fell 20% Overall value reached $8.4 billion 11