Energy Efficiency for Small Businesses. Energize Connecticut – Energize Connecticut SM is an initiative dedicated to empowering Connecticut citizens to.

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Presentation transcript:

Energy Efficiency for Small Businesses

Energize Connecticut – Energize Connecticut SM is an initiative dedicated to empowering Connecticut citizens to make smart energy choices, now and in the future. We provide Connecticut consumers, businesses and communities the resources and information they need to make it easy to save energy and build a clean energy future for everyone in the state. It is an initiative of the Connecticut Energy Efficiency Fund, the Connecticut Green Bank, the State, and your local electric and gas utilities. The initiative has funding support from a charge on customer energy bills.

Objective PROVIDE > COST-EFFECTIVE, turn-key CONSERVATION and LOAD MANAGEMENT SERVICES to SMALL C&I CUSTOMERS. What qualifies as a SMALL BUSINESS? A “Mom & Pop” store with a $150 monthly electric bill up to a mid size manufacturing company with a $25,000 monthly electric bill. Examples: Retail, convenience stores, houses of worship, professional offices, non-profits, gas stations, restaurants, common areas of apartment buildings, warehouses, sport facilities.

Financing 4 TypeMinMaxRateTerm Max PymtSource SBEA/ Muni$500$150,000 Eversource $100,000 UI 0%4 yrsOn-BillUtility C&I$2,000$1 Million (1 st $100,000 w/ subsidy) 2.99% or 4.99% 5 yrs3 rd Party C-PACENo Minimum Boiler Lite No maximum5% - 6%10 yrs – 20 yrs 3 rd Party PURA Loan (>50 kW savings) $1 Million1% below rate/no more than prime 10 yrs3 rd Party

Statistics Over 4,952 Installed Small Business Projects Averaging between 20% to 25% reduction 994m Lifetime kWh Saved = > 614,000 TONS of REDUCED CARBON DIOXIDE! $19.8m Incentives Paid by Connecticut Energy Efficiency Fund $39.2m in 0% Financed Loans

North Haven Statistics Over 250 Installed Small Business Projects Averaging between 20% to 25% reduction 63 m Lifetime kWh Saved = > 38,000 TONS of REDUCED CARBON DIOXIDE! >$1.2m Incentives Paid by Connecticut Energy Efficiency Fund >$2.6m in 0% Financed Loans

Sample of Participating Customers IANNUCCI RAYMOND NATIONAL REALTY & DEV ROSSI ROGER P CAROL'S CREATIONS INTERNATIONAL WENDY'S SLEEPY'S INC PANERA BREAD LLC PETRA CONSTR CORP - DEPT 001 REBESCHI DRIVE C N WOOD OF CT LLC KITCHEN ADVANTAGE DORIC VAULT OF CT HEALTHTRAX INTERNATIONAL, INC LUIGI'S AGWAY CO OF NO H CHOICE PET FOOD DIST INC COHN & SONS JOSEPH NO HAVEN AUTO BODY M P H FABRICATION ECLIPSE DEVELOPMENT - C/O KUZMAK- WILLIAMS SPECTRIX ANALYTICAL YANKEE CONTAINER DIV NORTH HAVEN COMMON DEVELOPMENT LP - C/O KUZMAK- WILLIAMS

CONTINUED MCKNIGHT ENTRPRSES LLC MCDONALDS FACEY NATIONAL ASSOC PROP NATIONAL LUMBER INC ENTERPRISE RENT A CAR NATIONAL LUMBER INC STATE ST CAR CARE CTR LLC PEARCE REAL ESTATE H N H BODY INC LYDELL MOTORS LTD MONTESI MOTORS INC SHORELINE COMPRSSD GAS CUSTOM PRODUCTS SAFT AMERICA INC MIKES DELIV/MVNG SERV BURMCO INC L & W SUPPLY JOHNSTONE CO INC AL'S REUPHOLSTERY SERV SCREEN TEK PRINT COMP FRANKSON FENCE CO D F M ENTERPRISES INC HAWTHORNE REALTY

Financial Solutions NO OBLIGATION Energy Evaluation NO UP-FRONT COSTS INCENTIVES (“UP” to 40% lighting & non- lighting measures, "UP” to 50% for qualified comprehensive projects) 0% ON-BILL FINANCING (to qualified customers; max 48 months, $100k)

Contact Information Dennis O’Connor Small Business – Program Administrator Phone: Fax: EnergizeCT.com WISE USE ( )