1. County of Sonoma John Haig Energy & Sustainability Manager

2. Status of Energy Independence SCEIP opened on March 25 th, 2009. The first contract was signed on April 16 th, 2009. Forty-Five million dollars in applications for efficiency upgrades! Harness the Power of AB 811 Reduce emissions and create jobs; we’re all in it together.

3. How can AB 811 Benefit You? GHG reduction Enables property owners Rebates and tax credits Repaid over as many as 20 years Creates GREEN jobs

4. Funding Involve Stakeholders ASAP. Anticipate a greater financial need from the start. Do research. Think creatively. Work together. Start BIG. Consider adding the AB811 contractual assessments to Teeter

5. AB 811 – F INANCES Assessments to participants; 7% Interest will cover administration costs plus Treasury note. SCEIP Program Initial $100 Million Dollar commitment $45 Million in Treasury Notes $55 Million from SCWA Property Tax System- Assessments repaid through Twice yearly Tax payments Bonds; when loan volume reaches threshold. $100 Million Financing

6. $100 Million Funding Current Applications in Dollars

7. Applications Received

9. Your Program Will Flourish Take time to create the right program for your needs Work with Lenders Plan for a Storefront and/or Web Site. Tools and Applications Funding Administrators Marketing Legal Team

10. Eligibility Requirements Legal owner(s) of property Current on mortgage(s) Current on property taxes No Bankruptcy No involuntary liens on the property Less than 10% value of the property LTV 110% Lender Acknowledgement on Commercial upgrades

11. Minimum Financing Amount $2,500

12. Assessments An assessment is an added item on your property tax bill. Often confused with re-assessing the property. Paid twice a year with the property taxes. Remain with the property for up to 20 years. Does not impact the credit score of the property owner. If the house is sold, the assessment remains with the property.

13. AB 811 – Energy Store SONOMA COUNTY ENERGY INDEPENDENCE PROGRAM

14. SCEIP Web site

15. The Future of Energy Independence Some Possibilities… Increased commercial outreach Mandatory/incentivized audits of homes Partnership with utilities on joint efforts towards energy efficiency and distributed generation

16. The Future of Energy Independence Some new hope Tax exempt status for refinancing bonds Other financing possibilities- deferred comp, private, banking, pensions, Treasury, Federal/State reserve, Regional bonding – grant exploration

17. SCEIP 404 AVIATION BOULEVARD, SANTA ROSA, CALIFORNIA 95403 PHONE: (707) 521-6200 FAX (707) 524-3769 energyinfo@sonomacountyenergy.org www.sonomacountyenergy.org

18. (707) 521-6200