1 energy efficiency: benefits to apartment owners & tenants tim perrin neil curtis vermont law...
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Energy Efficiency:Benefits to Apartment Owners & Tenants
Tim PerrinNeil Curtis
Vermont Law School
July 28, 2010
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Glossary of Terms
Conservation: Turning the light off
Efficiency: Getting the best light in the right location in the most efficient manner
Renewable Energy: Lighting the bulb with a renewable energy source (i.e. Wind, Solar, Other)
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Efficiency: Our most cost-effectiveenergy resource
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Efficiency Vermont: Who We Are
• Nation’s first statewide provider of energy efficiency services
• Created by the Vermont Legislature and Vermont Public Service Board in 2000
• Competitively-bid, performance-based contract managed by Vermont Energy Investment Corp.
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Efficiency Vermont: What We Do
•Technical Assistance & Recommendations•Coupled with Economic Analysis•Collaborate with Architects / Contractors•Provide “Objective Expertise”•Financial Incentives & Assistance
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• Through an Energy Efficiency Charge (EEC) on all electric bills
• Average residential customer ~$2-3 per month
• Most states have energy efficiency services—typically managed by their electric utility
• Other programs: charges buried in electric rates
Efficiency Vermont: How We’re Funded
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Why is Energy Efficiency Relevant
Energy Efficiency Can…
• Lower Operating Costs• Increase Comfort• Improve Occupant Health & Productivity• Improve Building Durability & Value• Reduce Maintenance Issues
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Performance Issues: Heat Loss
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Performance Issues: Moisture
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• Maintain building infrastructure
• Reliable mechanical equipment
• Reduce apartment turnover & complaints
• Tenants can afford paying rent
Apartment Owner Goals= Tenant Goals
The building doesn’t fall apart
Stay warm (and don’t have to call)
No need to look elsewhere
Reduce housing expenses
– Improve sales potential for apartments –
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The Barrier to Implementation
Apartments suffer from “the split incentive”
• Landlord owns the building• Tenant pays electric, sometimes fuel bills• What is the incentive to make changes?
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Pluck the Low-Hanging Fruit
• Compact Fluorescent Lights• Stop Uncontrolled Air Movement• Programmable Thermostat• Low-Flow Showerheads / Faucets• Annual HVAC Servicing
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A Bit Higher Up the Tree
• Add More InsulationR-38 in attic, R-19 in walls, R-10 in basement
• Choose Energy Star® AppliancesUse 10-50% less energy than standard model
• Remove Electric Heat & Hot WaterCosts 10-40% more than other heating sources
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(Source: http://publicservice.vermont.gov/pub/vt-fuel-price-report.html)
Vermont Fuel Price Report
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Fruit Near the Top of the Tree
• New Energy Star® Windows• Heating System Replacement• Evaluate Water-Heating Options• Resizing of Air Conditioning System
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Efficiency Vermont:Your Resource for Energy Savings
• Home Performance With Energy Star• Vermont Energy Star Homes• Efficient Appliances / Lighting• Technical Assistance
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Services: Home Performance
• Comprehensive Approach• Audit and Implementation• Certified Contractors• Trained by Efficiency Vermont
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Services: Home Performance
• Energy Audit• Installation• Pre- and post-
“metering”• Rebates
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Home Performance Incentives
Measure1-4
Units5+ Units
Audit & air leakage reduction of at least 10%. Minimum health and safety measures
$250 $500
Heating system duct distribution improvements
$100 n/a
Heating system replacements $500See
HVAC rebates
Maximum total Incentive per building $2,500 $7,500
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Services: Rebate Programs
• Lighting• “Smart” Power Strips• Energy Star
Appliances• Refrigerator
• Clothes washer
• Air conditioner
• Dehumidifier
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• ENERGY STAR Refrigerator:
$150 Rebate!!• FREE Water conservation • Controlled Ventilation:
$110 Rebate!!• FREE CFL’s
Multifamily Housing Rebate Application
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Heating & Cooling Incentives
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When Is the Best Time to Contact Us
• New appliance• Renovation• Tenant changeover• Planned repairs/upgrades• Recurring problems• Reduce energy costs
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Questions?
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How to Reach Us…
Efficiency Vermont255 S. Champlain Street
Burlington, Vermont 05401_______________________
(888) 921-5990 Phonewww.efficiencyvermont.com