cbj energy deck august 2015.pptx

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    Making Maryland & DC Properties More Energy Efcient 

    Claire Broido Johnson Jordan CollinsPresident Vice President & General [email protected] | 443.226.0273 [email protected] |202.285.477

    !"g"s# 205

    SMART CAPITALEFFICIENT REAL ESTATEENHANCED VALUE

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    • 00$ "%&'ron# (nancing )i#h no o"#&o'&%oc*e# %aymen#s "sing

    Commercial Pro%er#y Assessed Clean Energy +C-PACE, %rogram

    • 20 year (-ed in#eres# ra#e deb#

    • B"ilding im%roemen#s %ay 'or #hemseles #hro"gh "#ili#ysaings

    • /nhanced asse# al"es 'rom im%roed cash o)s and be##ero%era#ions

    ENERGY IMPROVEMENTS INCREASE BOTHNET OPERATING INCOME + PROPERTY VALUE

    2

    CBJ Energy Make I! Eay F"r Pr"#er!y O$ner !"Dee#%y Re!r"&! B'(%)(ng

    Good for Business. Good for theEnvironment.

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    CASE STUDY*COMMON AREA LIGHTING RETROFIT

    3

    Se%F'n)e)

    Gr"Leae

    Tr(#%e Ne!

    *Assumptions: $33,000 Annual Energy Savings // 6.1 Year Simple Paya!"  #0year %erm // 6& 'nterest (ate // )& is!ount (ate +or P- analysis Eample +rom PAEo.org

    PACE

    ,. S/0 F!0 B'(%)(ng12. In3e!4en! 5,6177. Ann'a% EnergySa3(ng

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    . Credi#)or#hy o)nershae already )"neenergy e89(en9y :%"$;ang(ng r'(!< +i.e. 1/

    ligh#ing,2. ee% energy eciency

    re#ro(#s and rene)ableenergy %rojec#s o'#enhae a =+ year

    #ay>a9k 3. B"ilding o)ners o'#en

    ?(# #heir %ro%er#y e3ery@- year

    PROPERTYONERS MAE DEEP ENERGYIMPROVEMENTS

    4

    sing C&!C/ (nancingsoles #hese m"#"ally

    e-cl"sie iss"es

    beca"se

    e#ro(# %aymen#s!raner $(!; !;e

    #r"#er!y as as%ecial s"rcharge

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    C-PACE BACGROUND

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    C-PACE MARET GROTH

    6

    Examples // C-PACE Projects

    400 9#ree# 9/ | : .34 ashin!ton" #C

    ;ors#one Ca%i#al | :2 Brid!eport" C$ 

     

    9imon ro%er#y ?ro"% | :3.4 $oledo" %

    isso"ri !#hle#ic Cl"b | :2.4 't. (ouis" )%

    il#on | :7 (os An!eles" CA

    rologis | :.4 'an *rancisco" CA

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    C-PACE TIMELINE 2 - 2=@

    7

    !C/ Crea#ed

    Ber*eley= C!

    +,,

    A !

    !C/!"#horied

    +,,

    C

    !C/!"#horied

    +,,

    C

    s# !C/ rojec#

    +,0

    aryland

    !C/!mended

    +,1

    on#gomery A !nne!r"ndel !C/ Drdinances

    assed

    +,2

    :330mm i%eline +Commercial only, EE 3 9#a#e rograms

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    C-PACE ROLL-OUT IN MARYLAND DC

    8

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    HO C-PACE ORS

    F

    =0 CBJ I)en!(&e B'(%)(ng I4#r"3e4en!

    20 CBJ S"'r9e Pr"e9! F(nan9(ng

    70 CBJ F(%e PACE Ae4en!

    0 CBJ Se%e9! C"n!ra9!"r !" Per"r4Re!r"&!

    @0 F(nan9er Pr"3()e Pr"e9! Ca#(!a% !"#ay "r Re!r"&! K1

    ,0 C"n!ra9!"r Per"r4 Re!r"&!

    0 Re>a!e r"4 U!(%(!y

    0 Pr"#er!y O$ner Pay PACE S'r9;arge"3er!(4e K1

    0 PACE A)4(n(!ra!"r Pay F(nan9er"3er !(4eK1

    ro%er#yD)ner

    Con#rac#or

    ;inancer

    Co"n#yE!C/!dminis#ra#o

    r

    =

    7

    2

    @ K1

    ,

    K1

    K1

    K1

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    C-PACE BENEFITS

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     An Energy Efciency Building:

    • 1o)ers energy cos#s= increases Ge# D%era#ing Hncome +GDH,

    • Hncreases %ro%er#y mar*e# al"a#ion and goernmen# #a- reen"e

    C-PACE Eectively Finances Building !prove!ents

    • ! %roen m"nici%al %rogram a%%lied #o ne) b"ilding ines#men#s

    • roides lo)&cos#= longerm= %ria#e ca%i#alI

    PACE Financing is a "urc#arge on a $a% Bill 

    • ol"n#ary s"rcharge added #o #a- bill

    Hnes#men# sec"red by %ro%er#y= no# #he o)ner or #enan#s• ro%er#y o)ner inc"rs no deb# 'or (nancing b"ilding im%roemen#s #hro"gh

    !C/

    •  >he goernmen# inc"rs no liabili#y. D#her %ro%er#y assessmen#s are no#im%ac#ed

    • Go '"nding re"ired 'or %rogram adminis#ra#ion K #he %rogram is sel'&s"cien#

    • 9enior lien #o mor#gage holders

    A HIGH PERFORMING BUILDING IS ALAYSA MORE VALUABLE ASSET

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    BENEFITS SAVINGS INVESTMENT

    2

    C-PACE Financial Advantages

    • 1onger %aybac* %rojec#s +e.g. dee% re#ro(#s and solar, no) cash o) %osi#ie

    • !C/ can '"nd %rojec# Lso'# cos#sM li*e a"di#s= design= %ermi#s= e#c.

    • Go borro)er colla#eral re"ired K #rea#ed as o%era#ing e-%ense

    • /ligible %asshro"gh e-%ense "nder #ri%le&ne# lease

    • Gon&reco"rse= non&accelera#ing (nancing

    • /nergy saings can be g"aran#eed

    Co!ple!ent "tate & Federal ncentives

    • !ccelera#ed e%recia#ion +!C9,

    • 9olar A C Hnes#men# >a- Credi# +H>C,

    • #ili#y Hncen#ies A eba#es +/mo)er aryland,

    Econo!ic Benets

    • 9#im"la#es local real es#a#e sec#or

    • ries 'ederal and s#a#e carbon red"c#ion %olicies

    !ailable 'or lo)&income ho"sing and non&%ro(#s

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    CB' Energy (as E%tensive Clean Energy "ector E%pertise

    • 3ene4a5le Project #evelopment EE S'nE)("n KSUNE F"'n)er

    • E6cienc7 *inance EE Hann"n Ar4!r"ng KHASI

    • E6cienc7 Business #evelopment EE Ne! S!e# L(3(ng

    • Government Pro!rams EE U0S0 De#ar!4en! " Energy

    • (e!al & 3e!ulator7 EE M(n! Le3(n +N3 Clean#ech rac#ice,

    $urn-)ey Progra! *or C-PACE:

    • ;inancing

    •;ilings

    • ;ield Oor*

    • ;ollo)&"%

    CBJ ENERGY DELIVERSTURNEY C-PACE SOLUTIONS

    3

    CB8 Ener!7 can +riginate,

    Finance, and E%ecute allaspects of a C-PACE $ransaction

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    • C&!C/ (nancing s#r"c#"res )ill enable C A %ro%er#y o)ners #oI

    • Re)'9e Energy C"!

    • In9reae Ne! O#era!(ng In9"4e KNOI

    • En;an9e Pr"#er!y Va%'a!("n

    • C&!C/ (nancing is oP&balance shee# deb# re"iring no "%'ron# ca%i#alre%aid #hro"gh a ol"n#ary s%ecial #a- assessmen#

    • CBJ /nergy %roides #"rn*ey serices so b"ilding o)ners bene(# 'rom C&!C/ easily and ecien#ly.

    SUMMARY 

    4

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    • Hn#rod"ce CBJ /nergy A C&!C/ bene(#s #os#a*eholders

    • /ngage %ro%er#y o)ners #o iden#i'y energy "%grades• !ssess o%#imal energy re#ro(# and rene)able

    meas"res

    • eie) (nancing o%#ions and selec# ca%i#al %roider

    • /-ec"#e

    NEQT STEPS

    5

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    THAN YOU

    Claire Broido Johnson Jordan Collinsresiden# ice residen# A ?eneral Co"[email protected] | 443.226.0273 [email protected] |202.285.477