1. Tapping the Energy Efficiency and Conservation Loan Program | For Multi-Family Housing Owners

2. Why address multi-family energy efficiency? Cost savings opportunities exist. How will you capture them? 1 While overall energy usage continues to grow, multiple external pressures are driving increased focus on energy consumption and efficiency, especially within the multi-family housing sector. EPA Clean Power Plan: 32% reduction by 2030 1 Growing number of municipalities require multi- family buildings to report energy consumption 2 Sources: 1. EPA, 2. Urban Land, 3. ACEEE, 4. HUD, 5. Demand InstituteEPAUrban LandACEEEHUDDemand Institute Multi-family buildings are under-served by energy efficiency programs, but represent $3.4B in potential savings. 3 Consumers have a large “satisfaction gap” and desire their homes to be more energy efficient 4 Long-term consumption per-capita likely to fall in North America 5

3. How can EECLP help? What if you had an opportunity to…. 2 Energy providers and co-ops can anticipate and mitigate the impact of these changes in part through the Energy Efficiency and Conservation Loan Program (EECLP) of the Rural Utilities Service (RUS) at USDA. EECLP can help… Modernize Building Stock? Save on Utility Costs? Improve Tenant Satisfaction? Access low-cost capital to modernize HVAC, lighting, insulation and other aging building features Generate operational savings by reducing utility costs, and anticipate cost reduction and payback period before you begin Meet customer needs by helping upgrade outdated buildings with retrofits and reducing utility spend for low-income individuals in rural communities

4. What is EECLP? EECLP is an initiative to provide low-cost federal financing for energy efficiency and conservation in eligible rural communities; the Rural Housing Service (RHS) is currently partnering with RUS to retrofit multi-family housing. RUS Lends at treasury rates + 1/8th UtilityCustomer Retrofit Implementer Re-lends to customer Directly funds retrofit projects Executes retrofit projects Re-pays retrofit project costs/ loan Rural Dev. Supports EECLP application process Enables modernization of properties Increases tenant satisfaction Advances rural prosperity Helps meet energy efficiency and regulatory requirements Provides deep well of low cost, noncompetitive capital EECLP Benefits 3

5. What is EECLP? EECLP is an initiative to provide low-cost federal financing for energy efficiency and conservation in eligible rural communities; the Rural Housing Service (RHS) is currently partnering with RUS to retrofit multi-family housing. RUS Lends at treasury rates + 1/8th UtilityCustomer Retrofit Implementer Re-lends to customer Directly funds retrofit projects Executes retrofit projects Re-pays retrofit project costs/ loan Rural Dev. Supports EECLP application process EECLP Fast Facts Eligibility Electric service providers in rural areas (pop. < 20K) served by RUS Loan Terms Tied to the useful life of the asset Typically 15 years Sample Projects Energy efficiency and conservation projects (e.g., on-bill financing) Weatherization, HVAC and water heater upgrades Fuel cells Energy audits Utility energy services contracts Consumer education and outreach programs, and Re-lamping for more efficient lighting 4

6. State Energy Program Rural Co-op 1 1 State ids interested co-ops 2 2 *Co-ops agree; Begin EEP Planning RHS + Industry Trade Group RHS & Industry Trade Group ids interested housing owners Multifamily Housing Owners 2 2 Owners agree; Begin estimating investment need 1 1 Complete estimation; Receive quotes 3 3 3 3 Identify MFH Buildings in Service Area (Optional) EEP Development Workshop 4 4 Develop funding request business case 4 4 Investment Decision Workshop to Select Retrofit Projects 5 5 *Note: While Rural Co-Ops are shown here, EECLP is available to all Electric Utilities What are the next steps?