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November 16-17 2010 Energy Efficiency Finance Workshop Energy Efficiency Financing: Multifamily Sector Beckie Menten Visiting Research Fellow Energy Efficiency.

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Presentation on theme: "November 16-17 2010 Energy Efficiency Finance Workshop Energy Efficiency Financing: Multifamily Sector Beckie Menten Visiting Research Fellow Energy Efficiency."— Presentation transcript:

1 November 16-17 2010 Energy Efficiency Finance Workshop Energy Efficiency Financing: Multifamily Sector Beckie Menten Visiting Research Fellow Energy Efficiency Planning Energy Division

2 November 16-17 2010 Energy Efficiency Finance Workshop Road Map Multifamily Sector Background Common Measures and Savings Potential Overview of Investor Owned Utility (IOU) Programs The Multifamily Sector in the California Public Utilities Commission Long Term Energy Efficiency Strategic Plan

3 November 16-17 2010 Energy Efficiency Finance Workshop Introduction to the Multifamily Sector Approximately 1/3 of California Residents Live in Multifamily Dwellings (~3.78 Million Households) Differs from SF in Key Ways –Different Opportunities –Significant Low Income Proportion –Complex Financing Landscape –Can Offer Economies of Scale Source: California Public Utilities Commission, “California Long- Term Energy Efficiency Strategic Plan,” September 2008.

4 November 16-17 2010 Energy Efficiency Finance Workshop Multifamily Sub-sectors Physical configuration: High Rise/ Low Rise Building ownership: Affordable/ Market Rate Unit ownership: Rental/ Condo Ownership & physical configuration: Residential/Com mon Areas (Mixed-Use) Ownership & physical configuration: Central/Individual Building Systems

5 November 16-17 2010 Energy Efficiency Finance Workshop Measures to Achieve 20% across Climate Zones: 40 Unit Low Rise Measure NameBaselineImprovedCost Per Dwelling Unit (DU) 1 Attic InsulationR – 11R – 38$478 Wall InsulationSEER 8.9SEER 13.0$263 Window ReplacementSingle Pane Metal Frame Dual Pane Vinyl Frame $1,622 Seal Duct Leakage28%15%$498 Percent Improvement (HERS) Range of Expected Savings 2 Total Cost Per DU 17.5% - 28.4%8,878 – 39, 534 kWh 1,464 – 4,479 therms $2,861 1 DEER database unless noted. 2 Range of savings is based on climate zone and age of baseline housing stock.

6 November 16-17 2010 Energy Efficiency Finance Workshop IOU Multifamily Programs 2010-2012 1 Total Program Savings 2 1,281 MWh 9,239,121 therms 22 MW demand Statewide Multifamily Energy Efficiency Rebate Program (MFEER) $80,188,539 Energy Upgrade California : TBD Third Party California Multifamily New Homes (PG&E): $4,408,293 Multifamily Solar Pool Heating (SCG): $1,497,491 Multifamily Home TuneUp / Multifamily Direct Therms Savings (SCG) : $4,939,981 Local Programs MIDI SF Energy Watch Stimulus / Federal Better Buildings Energy Upgrade California Retrofit California Retrofit Bay Area Retrofit LA 1 Multifamily specific, some nonresidential programs can apply. 2 Not including local programs.

7 November 16-17 2010 Energy Efficiency Finance Workshop Multifamily in the Strategic Plan Strategic Plan Residential Sector Goals: By 2015, reduce energy consumption in existing homes by 15% through universal demand for highly efficient homes and products. By 2020, ensure that all new single and multi-family homes achieve zero net energy. By 2020, reduce consumption of existing homes by 40% through universal demand for highly efficient homes and products.

8 November 16-17 2010 Energy Efficiency Finance Workshop Multifamily Sector in the Strategic Plan Progress Towards Strategic Plan Goals to Date: Working towards a whole house performance based rebate program for the multifamily sector (2011). Engage360 website launch to motivate consumer demand and drive market transformation. Development of a Zero Net Energy Action Plan to guide CPUC progress towards a ZNE future. Photo credit: “Bedzed,” Paul Miller, http://www.paulmiller.org/bedzed.jpg

9 November 16-17 2010 Energy Efficiency Finance Workshop Questions / Comments / Resources For further reading: –California Long Term Energy Efficiency Strategic Plan, California Public Utilities Commission. (2008) http://californiaenergyefficiency.com/docs/EEStrategicPlan.pdf http://californiaenergyefficiency.com/docs/EEStrategicPlan.pdf –Improving California’s Buildings: Opportunities and Recommendations for Green Retrofit & Rehab Programs (Draft – October 7, 2010), Findings from the Multifamily Subcommittee of the California Home Retrofit Coordination Committee. http://www.builditgreen.org/_files/Admin/HERCC/MF_HERCC_report_ 10152010.pdf http://www.builditgreen.org/_files/Admin/HERCC/MF_HERCC_report_ 10152010.pdf –U.S. Multifamily Energy Efficiency Potential by 2020, Prepared for the Energy Foundation by the Benningfield Group, Inc. (2009) http://www.benningfieldgroup.com/docs/Final_MF_EE_Potential_Rep ort_Oct_2009_v2.pdf http://www.benningfieldgroup.com/docs/Final_MF_EE_Potential_Rep ort_Oct_2009_v2.pdf

10 November 16-17 2010 Energy Efficiency Finance Workshop Contact Information Beckie Menten Visiting Research Fellow Energy Efficiency Planning Section Climate Strategies Branch, Energy Division California Pubic Utilities Commission beckie.menten@cpuc.ca.gov (415) 703-5131


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