renew300: advancing renewable energy at hud-assisted ... · a case study… s. olar. pv p. ower. p....
TRANSCRIPT
Renew300:Advancing Renewable Energy at HUD-Assisted Housing
23 June 2016
© EutecAcs 2016, all rights reserved
The Big Idea: 1. Energy Affordability is
a real challenge for millions of Americans.
2. Long-term value of energy, water, operational efficiency canbe monetized.
3. Structure of capital matterstoproperty owners.
4. Executionofproject matters just as much!
RENEW300: Advancing Renewable Energy at HUD-Assisted Housing
© EutecAcs 2016, all rights reserved
Eutectics®
• Mission-driven company
• Operate Clean Energy Financing Hubs across U.S.
• Facilitate efficiency and solar financing for underserved and untapped markets
• $86M + in completed projectstodate
RENEW300: Advancing Renewable Energy at HUD-Assisted Housing
© EutecAcs 2016, all rights reserved
Eutectics® Clean Energy Financing Hubs
RENEW300: Advancing Renewable Energy at HUD-Assisted Housing
© EutecAcs 2016, all rights reserved
The ‘Real’ Big Idea: 1. Focus on the
Customer.
2. Focus on the Customer.
3. Yes, credit matters. Yes, good engineering matters. And yes, rate cansometimesmatter.
4. But… Focus on the Customer!
RENEW300: Advancing Renewable Energy at HUD-Assisted Housing
© EutecAcs 2016, all rights reserved
ACaseStudy… • 501c3 Affordable
HousingOwner/ Operator
• 1200 unitsacross20 buildings
• Some master-metered electric, some tenant-metered.
• All LIHTC
• All w multiple mortgages (some w 5!)
RENEW300: Advancing Renewable Energy at HUD-Assisted Housing
Solar(P
V(kW
Gross(S
olar(Capital(Cost
Paybacks(Und
er(7(years,(notD
cashDflow
ing(prop
ertie
s
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
Solar(P
V(kW
Gross(S
olar(Capital(Cost
Paybacks(Und
er(7(years,(notD
cashDflow
ing(prop
ertie
s
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
Abel%Gonzalez%Apartments ✓
Alcantara%Court%ApartmentsAltamont%HotelApollo%HotelBayview%Commons%ApartmentsBetelColosimoDel%Carlo%Court%ApartmentsDunleavy%Plaza%ApartmentsEsperanzaGood%Samaritan%ApartmentsJuan%PPMadridMaria%Alicia%ApartmentsMariposa%Gardens%ApartmentsParkviewPlaza%Del%Sol%ApartmentsRich%Sorro%Commons%ApartmentsValencia%GardensScattered%Sites
© EutecAcs 2016, all rights reserved
ACaseStudy… PROPERTIES WITH A SIMPLE PAYBACK LESS THAN 7 YRS, AFTER REBATE:
Efficiency(Payback(in(less(th
an(7(
years,(after(rebates
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
✓
✓ ✓
✓
✓ ✓
✓ ✓
✓ ✓ ✓ ✓
Efficiency(Payback(in(less(th
an(7(
years,(after(rebates
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
30 715$(((((((((((( 0.2 50 47,393$((((((( 5.1
30 64,599$((((((( 6.0 50 44,881$((((((( 2.4
49 105,511$((((( 6.9
20 43,066$((((((( 4.5 30 44,820$((((((( 3.1
20 23,034$((((((( 2.5 63 135,657$((((( 5.0
59 56,568$((((((( 2.3 100 215,329$((((( 3.8 260 559,855$((((( 4.8 75 161,497$((((( 4.9
AA ACA AH ApH BCA Bet Col DCCA DPA Esp GSA JPP Mad MAA MGA Park PDSA RSCA VG SS
13 PROPS.
RENEW300: Advancing Renewable Energy at HUD-Assisted Housing
Solar(PV(kW
Gross(Solar(Capital(Cost
Paybacks(Under(7(years,(notL
cashLflowing(properties
#(Units
Net(Capital(Cost(for(Efficiency(
Measures
Simple(Payback(on(Efficiency(
Measures((in(years)
Solar(PV(kW
Gross(Solar(Capital(Cost
Paybacks(Under(7(years,(notL
cashLflowing(properties
#(Units
Net(Capital(Cost(for(Efficiency(
Measures
Simple(Payback(on(Efficiency(
Measures((in(years)
Abel%Gonzalez%ApartmentsAlcantara%Court%ApartmentsAltamont%HotelApollo%HotelBayview%Commons%ApartmentsBetelColosimoDel%Carlo%Court%ApartmentsDunleavy%Plaza%ApartmentsEsperanzaGood%Samaritan%ApartmentsJuan%PPMadridMaria%Alicia%ApartmentsMariposa%Gardens%ApartmentsParkviewPlaza%Del%Sol%ApartmentsRich%Sorro%Commons%ApartmentsValencia%GardensScattered%Sites
© EutecAcs 2016, all rights reserved
ACaseStudy… PROPERTIES WITH A SIMPLE PAYBACK LESS THAN 7 YRS, AFTER REBATE -AND-WITH 2013 AUDITS SHOWING POSITIVE CASH FLOW:
Efficiency(Payback(in(less(than(7(
years,(after(rebates
Cash(Flowing(Property(through(
FY2013(audit
#(Units
Net(Capital(Cost(for(Efficiency(
Measures
Simple(Payback(on(Efficiency(
Measures((in(years)
✓
✓ ✓ ✓ ✓ ✓
✓ ✓
✓ ✓ ✓ ✓
✓ ✓ ✓
✓ ✓ ✓ ✓ ✓ ✓
Efficiency(Payback(in(less(than(7(
years,(after(rebates
Cash(Flowing(Property(through(
FY2013(audit
#(Units
Net(Capital(Cost(for(Efficiency(
Measures
Simple(Payback(on(Efficiency(
Measures((in(years)
30 715$(((((((((((( 0.2 50 47,393$((((((( 5.1 89 191,643$((((( 11.6 81 121,014$((((( 11.9 30 64,599$((((((( 6.0 50 44,881$((((((( 2.4 11 L$(((((((((((((((( 0.0 25 144,340$((((( 8.2 49 105,511$((((( 6.9 39 L$(((((((((((((((( L 20 43,066$((((((( 4.5 30 44,820$((((((( 3.1 44 121,122$((((( 13.4 20 23,034$((((((( 2.5 63 135,657$((((( 5.0 41 61,254$((((((( 11.1 59 56,568$((((((( 2.3 100 215,329$((((( 3.8 260 559,855$((((( 4.8 75 161,497$((((( 4.9
AA ACA AH ApH BCA Bet Col DCCA DPA Esp GSA JPP Mad MAA MGA Park PDSA RSCA VG SS
GROUP A: 7PROPS .
RENEW300: Advancing Renewable Energy at HUD-Assisted Housing
Solar(P
V(kW
Gross(S
olar(Capital(Cost
Paybacks(Und
er(7(years,(notL
cashLflow
ing(prop
ertie
s
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
Raw(M
easure(Con
st.(Cost
MHD
C(Direct(Cost(
Reimbu
rsem
ent(L( !5%!of!
measure!co
st
Dev(/(E
ng.(/(Cx
Finance(Co
sts
Gross(C
apital(Cost(L((Raw
!
Measure!Cost!+
!MHD
C!expense!
+!De
v!/!E
ng!/!Cx!+!Finance)
Estim
ated(M
F(EE(Rebates
Estim
ated(W
ater(Rebates
Estim
ated(PG&
E(Rebates
Net(C
apital(Cost(L(afte
r(rebates
Utility(Cost(Savings
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
Solar(P
V(kW
Gross(S
olar(Capital(Cost
Paybacks(Und
er(7(years,(notL
cashLflow
ing(prop
ertie
s
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
Raw(M
easure(Con
st.(Cost
MHD
C(Direct(Cost(
Reimbu
rsem
ent(L( !5%!of!
measure!co
st
Dev(/(E
ng.(/(Cx
Finance(Co
sts
Gross(C
apital(Cost(L((Raw
!
Measure!Cost!+
!MHD
C!expense!
+!De
v!/!E
ng!/!Cx!+!Finance)
Estim
ated(M
F(EE(Rebates
Estim
ated(W
ater(Rebates
Estim
ated(PG&
E(Rebates
Net(C
apital(Cost(L(afte
r(rebates
Utility(Cost(Savings
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
Abel%Gonzalez%ApartmentsAlcantara%Court%ApartmentsAltamont%HotelApollo%HotelBayview%Commons%ApartmentsBetelColosimoDel%Carlo%Court%ApartmentsDunleavy%Plaza%ApartmentsEsperanzaGood%Samaritan%ApartmentsJuan%PPMadridMaria%Alicia%ApartmentsMariposa%Gardens%ApartmentsParkviewPlaza%Del%Sol%ApartmentsRich%Sorro%Commons%ApartmentsValencia%GardensScattered%Sites
EEffffiicciieennccyy((PPayaybbacackk((iinn((lleessss((thth
anan((77((
yyeeararss,,((afafteterr((rreebbate
atess
CCasashh((FFllooww
iinngg((PPrroopp
eerrtyty((thth
rroouugghh((
FFYY22001133((auauddiitt
#(#(UUnn
iitsts
NNeet(t(CC
apapiital
tal((CCoosst(t(ffoorr((EEffffiicciiee
nnccyy((
Me
Measasuurreess
SSiimmppllee((PPayaybbacackk((oonn
((EEffffiicciiee
nnccyy((
Me
Measasuurreess((((iinn((yyeeararss))
AA ✓ 30 $((((((((((((715 0.2 ACA ✓ 50 $(((((((47,393 5.1 AH ApH ✓ BCA ✓ ✓ 30 $(((((((64,599 6.0 Bet ✓ ✓ 50 $(((((((44,881 2.4 Col DCCA DPA ✓ 49 $(((((105,511 6.9 Esp ✓ GSA ✓ ✓ 20 $(((((((43,066 4.5 JPP ✓ ✓ 30 $(((((((44,820 3.1 Mad MAA ✓ 20 $(((((((23,034 2.5 MGA ✓ ✓ 63 $(((((135,657 5.0 Park PDSA ✓ 59 $(((((((56,568 2.3 RSCA ✓ ✓ 100 $(((((215,329 3.8 VG ✓ ✓ 260 $(((((559,855 4.8
SS ✓ 75 $(((((161,497 4.9
© EutecAcs 2016, all rights reserved
ACaseStudy… PROPERTIES WITH A SIMPLE PAYBACK LESS THAN 7 YRS, AFTER REBATE -AND-WITH 2013 AUDITS SHOWING POSITIVE CASH FLOW - AND – NOT PROJECTED FOR RESYNDICATION IN 2015 OR 2016:
GROUP A: 5PROPS .
RENEW300: Advancing Renewable Energy at HUD-Assisted Housing
Solar(P
V(kW
Gross(S
olar(Capital(Cost
Paybacks(Und
er(7(years,(notL
cashLflow
ing(prop
ertie
s
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
Raw(M
easure(Con
st.(Cost
MHD
C(Direct(Cost(
Reimbu
rsem
ent(L( !5%!of!
measure!co
st
Dev(/(E
ng.(/(Cx
Finance(Co
sts
Gross(C
apital(Cost(L((Raw
!
Measure!Cost!+
!MHD
C!expense!
+!De
v!/!E
ng!/!Cx!+!Finance)
Estim
ated(M
F(EE(Rebates
Estim
ated(W
ater(Rebates
Estim
ated(PG&
E(Rebates
Net(C
apital(Cost(L(afte
r(rebates
Utility(Cost(Savings
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
Solar(P
V(kW
Gross(S
olar(Capital(Cost
Paybacks(Und
er(7(years,(notL
cashLflow
ing(prop
ertie
s
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
Raw(M
easure(Con
st.(Cost
MHD
C(Direct(Cost(
Reimbu
rsem
ent(L( !5%!of!
measure!co
st
Dev(/(E
ng.(/(Cx
Finance(Co
sts
Gross(C
apital(Cost(L((Raw
!
Measure!Cost!+
!MHD
C!expense!
+!De
v!/!E
ng!/!Cx!+!Finance)
Estim
ated(M
F(EE(Rebates
Estim
ated(W
ater(Rebates
Estim
ated(PG&
E(Rebates
Net(C
apital(Cost(L(afte
r(rebates
Utility(Cost(Savings
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
Abel%Gonzalez%Apartments ✓
Alcantara%Court%ApartmentsAltamont%HotelApollo%HotelBayview%Commons%ApartmentsBetelColosimoDel%Carlo%Court%ApartmentsDunleavy%Plaza%ApartmentsEsperanzaGood%Samaritan%ApartmentsJuan%PPMadridMaria%Alicia%ApartmentsMariposa%Gardens%ApartmentsParkviewPlaza%Del%Sol%ApartmentsRich%Sorro%Commons%ApartmentsValencia%GardensScattered%Sites
© EutecAcs 2016, all rights reserved
ACaseStudy… PROPERTIES WITH A SIMPLE PAYBACK LESS THAN 7 YRS, AFTER REBATE -AND-WITH 2013 AUDITS SHOWING POSITIVE CASH FLOW - AND – NOT PROJECTED FOR RESYNDICATION IN 2015 OR 2016:
Efficiency(Payback(in(less(th
an(7(
years,(after(rebates
Cash(Flowing(Prop
erty(th
rough(
FY2013(aud
it
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
✓
✓ ✓ ✓ ✓ ✓
✓ ✓
✓ ✓ ✓ ✓
✓ ✓ ✓
✓ ✓ ✓ ✓ ✓ ✓
Efficiency(Payback(in(less(th
an(7(
years,(after(rebates
Cash(Flowing(Prop
erty(th
rough(
FY2013(aud
it
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
30 715$(((((((((((( 0.2 50 47,393$((((((( 5.1
30 64,599$((((((( 6.0 50 44,881$((((((( 2.4
49 105,511$((((( 6.9
20 43,066$((((((( 4.5 30 44,820$((((((( 3.1
20 23,034$((((((( 2.5 63 135,657$((((( 5.0
59 56,568$((((((( 2.3 100 215,329$((((( 3.8 260 559,855$((((( 4.8 75 161,497$((((( 4.9
AA ACA AH ApH BCA Bet Col DCCA DPA Esp GSA JPP Mad MAA MGA Park PDSA RSCA VG SS
GROUP A: 6PROPS . INCL. A. G.
RENEW300: Advancing Renewable Energy at HUD-Assisted Housing
Solar(P
V(kW
Gross(S
olar(Capital(Cost
Paybacks(Und
er(7(years,(notL
cashLflow
ing(prop
ertie
s
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
Raw(M
easure(Con
st.(Cost
MHD
C(Direct(Cost(
Reimbu
rsem
ent(L( !5%!of!
measure!co
st
Dev(/(E
ng.(/(Cx
Finance(Co
sts
Gross(C
apital(Cost(L((Raw
!
Measure!Cost!+
!MHD
C!expense!
+!De
v!/!E
ng!/!Cx!+!Finance)
Estim
ated(M
F(EE(Rebates
Estim
ated(W
ater(Rebates
Estim
ated(PG&
E(Rebates
Net(C
apital(Cost(L(afte
r(rebates
Utility(Cost(Savings
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
Solar(P
V(kW
Gross(S
olar(Capital(Cost
Paybacks(Und
er(7(years,(notL
cashLflow
ing(prop
ertie
s
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
Raw(M
easure(Con
st.(Cost
MHD
C(Direct(Cost(
Reimbu
rsem
ent(L( !5%!of!
measure!co
st
Dev(/(E
ng.(/(Cx
Finance(Co
sts
Gross(C
apital(Cost(L((Raw
!
Measure!Cost!+
!MHD
C!expense!
+!De
v!/!E
ng!/!Cx!+!Finance)
Estim
ated(M
F(EE(Rebates
Estim
ated(W
ater(Rebates
Estim
ated(PG&
E(Rebates
Net(C
apital(Cost(L(afte
r(rebates
Utility(Cost(Savings
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
Abel%Gonzalez%Apartments ✓
Alcantara%Court%ApartmentsAltamont%HotelApollo%HotelBayview%Commons%ApartmentsBetelColosimoDel%Carlo%Court%ApartmentsDunleavy%Plaza%ApartmentsEsperanzaGood%Samaritan%ApartmentsJuan%PPMadridMaria%Alicia%ApartmentsMariposa%Gardens%ApartmentsParkviewPlaza%Del%Sol%ApartmentsRich%Sorro%Commons%ApartmentsValencia%GardensScattered%Sites
© EutecAcs 2016, all rights reserved
ACaseStudy… PROPERTIES WITH A SIMPLE PAYBACK LESS THAN 7 YRS, AFTER REBATE -AND-WITH 2013 AUDITS SHOWING POSITIVE CASH FLOW - AND – NOT PROJECTED FOR RESYNDICATION IN 2015 OR 2016:
Efficiency(Payback(in(less(th
an(7(
years,(after(rebates
Cash(Flowing(Prop
erty(th
rough(
FY2013(aud
it
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
✓
✓ ✓ ✓ ✓ ✓
✓ ✓
✓ ✓ ✓ ✓
✓ ✓ ✓
✓ ✓ ✓ ✓ ✓ ✓
Efficiency(Payback(in(less(th
an(7(
years,(after(rebates
Cash(Flowing(Prop
erty(th
rough(
FY2013(aud
it
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
30 715$(((((((((((( 0.2 50 47,393$((((((( 5.1
30 64,599$((((((( 6.0 50 44,881$((((((( 2.4
49 105,511$((((( 6.9
20 43,066$((((((( 4.5 30 44,820$((((((( 3.1
20 23,034$((((((( 2.5 63 135,657$((((( 5.0
59 56,568$((((((( 2.3 100 215,329$((((( 3.8 260 559,855$((((( 4.8 75 161,497$((((( 4.9
AA ACA AH ApH BCA Bet Col DCCA DPA Esp GSA JPP Mad MAA MGA Park PDSA RSCA VG SS
GROUP A: 6PROPS . INCL. A. G.
TOTAL: 503 UNITS
$1,372,942 COST
$373,500 REBATE
$ 999,442 NET COST
RENEW300: Advancing Renewable Energy at HUD-Assisted Housing
TOTAL:
Abel%Gonzalez%ApartmentsAlcantara%Court%ApartmentsAltamont%HotelApollo%HotelBayview%Commons%ApartmentsBetelColosimoDel%Carlo%Court%ApartmentsDunleavy%Plaza%ApartmentsEsperanzaGood%Samaritan%ApartmentsJuan%PPMadridMaria%Alicia%ApartmentsMariposa%Gardens%ApartmentsParkviewPlaza%Del%Sol%ApartmentsRich%Sorro%Commons%ApartmentsValencia%GardensScattered%Sites
© EutecAcs 2016, all rights reserved
ACaseStudy… PROPERTIES WITH A SIMPLE PAYBACK LESS THAN 7 YRS, AFTER REBATE -BUT-NEEDING THIRD-PARTY CREDIT ENHANCEMENT / GUARANTOR:
Paybacks(Und
er(7(years,(not2
cash2flow
ing(prop
ertie
s
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
Paybacks(Und
er(7(years,(not2
cash2flow
ing(prop
ertie
s
#(Un
its
Net(C
apital(Cost(for(Efficie
ncy(
Measures
Simple(Payback(on
(Efficie
ncy(
Measures((in(years)
✓ 50 47,393$((((((( 5.1
✓ 25 105,511$((((( 6.9
✓ 44 23,034$((((((( 2.5
✓ 41 56,568$((((((( 2.3
✓ 260 161,497$((((( 4.9
AA ACA AH ApH BCA Bet Col DCCA DPA Esp GSA JPP Mad MAA MGA Park PDSA RSCA VG SS
GROUP B: 5 PROPS.
420 UNITS
$709,003 COST
$315,000 REBATE
$394,003 NET COST
RENEW300: Advancing Renewable Energy at HUD-Assisted Housing
Gross&S
olar&Capital&Cost
Paybacks&Und
er&7&years,¬
cash;flow
ing&prop
ertie
s
#&Un
its
Net&C
apital&Cost&for&Efficie
ncy&
Measures
Simple&Payback&on
&Efficie
ncy&
Measures&(in&years)
Gross&S
olar&Capital&Cost
Paybacks&Und
er&7&years,¬
cash;flow
ing&prop
ertie
s
#&Un
its
Net&C
apital&Cost&for&Efficie
ncy&
Measures
Simple&Payback&on
&Efficie
ncy&
Measures&(in&years)
Gross&S
olar&Capital&Cost
Paybacks&Und
er&7&years,¬
cash;flow
ing&prop
ertie
s
#&Un
its
Net&C
apital&Cost&for&Efficie
ncy&
Measures
Simple&Payback&on
&Efficie
ncy&
Measures&(in&years)
Abel%Gonzalez%ApartmentsAlcantara%Court%ApartmentsAltamont%HotelApollo%HotelBayview%Commons%ApartmentsBetelColosimoDel%Carlo%Court%ApartmentsDunleavy%Plaza%ApartmentsEsperanzaGood%Samaritan%ApartmentsJuan%PPMadridMaria%Alicia%ApartmentsMariposa%Gardens%ApartmentsParkviewPlaza%Del%Sol%ApartmentsRich%Sorro%Commons%ApartmentsValencia%GardensScattered%Sites
✓
© EutecAcs 2016, all rights reserved
ACaseStudy… SOLAR PVPOWER PURCHASE AGREEMENTS AT 12 PROPERTIES
ZERO-DOWN, CASH-FLOW-POSITIVE CONTRACTS WITH QUALIFIED THIRD-PARTY SOLAR DEVELOPER.
Solar&P
V?
Solar&P
V&kW
Solar&P
V?
Solar&P
V&kW
✓
✓ ✓
✓ ✓ ✓ ✓
✓ ✓
✓ ✓
Solar&P
V?
Solar&P
V&kW
24 36
20 15
23 40 25 15
24 30
50 140
AA ACA AH ApH BCA Bet Col DCCA DPA Esp GSA JPP Mad MAA MGA Park PDSA RSCA VG SS
SOLAR PV: 12 PROPS.
TOTAL: 442KW
$ 0 COST
$TBD REBATE
$0 NET COST
RENEW300: Advancing Renewable Energy at HUD-Assisted Housing
#(Un
its
Net(C
apital(
Cost(fo
r(Efficiency(
Measures
Simple(
Payback(on
(Efficiency(
Measures((in(
years)
Solar(P
V(kW
Gross(S
olar(
Capital(Cost
Paybacks(
Under(7
(years,(
notEc
ashE
flowing(
prop
ertie
s#(Un
its
Net(C
apital(
Cost(fo
r(Efficiency(
Measures
Simple(
Payback(on
(Efficiency(
Measures((in(
years)
#(Un
its
Net(C
apital(
Cost(fo
r(Efficiency(
Measures
Simple(
Payback(on
(Efficiency(
Measures((in(
years)
Solar(P
V(kW
Gross(S
olar(
Capital(Cost
Paybacks(
Under(7
(years,(
notEc
ashE
flowing(
prop
ertie
s#(Un
its
Net(C
apital(
Cost(fo
r(Efficiency(
Measures
Simple(
Payback(on
(Efficiency(
Measures((in(
years)
TOTAL:
Abel%Gonzalez%Apartments ✓
Alcantara%Court%ApartmentsAltamont%HotelApollo%HotelBayview%Commons%ApartmentsBetelColosimoDel%Carlo%Court%ApartmentsDunleavy%Plaza%ApartmentsEsperanzaGood%Samaritan%ApartmentsJuan%PPMadridMaria%Alicia%ApartmentsMariposa%Gardens%ApartmentsParkviewPlaza%Del%Sol%ApartmentsRich%Sorro%Commons%ApartmentsValencia%GardensScattered%Sites
TOTAL :
TOTAL :
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© EutecAcs 2016, all rights reserved
ACaseStudy… ALL EFFICIENCY AND SOLAR PV
Efficiency(
Payback(in(
rebates
Solar(P
V?
✓
✓ ✓
✓
✓ ✓
✓ ✓
✓ ✓ ✓ ✓
Efficiency(
Payback(in(
rebates
Solar(P
V?
✓ ✓
✓ ✓
✓ ✓ ✓ ✓
✓ ✓
✓ ✓
AA ACA AH ApH BCA Bet Col DCCA DPA Esp GSA JPP Mad MAA MGA Park PDSA RSCA VG SS
GROUP A: GROUP B: SOLAR PV: 6PROPS . INCL.
ABEL GONZ.
5PROPS . 12 PROPS. VIA PPC
503 UNITS 420 UNITS 442KW
$1,372,942 COST
$709,003 COST
$ 0 COST
$373,500 REBATE
$315,000REBATE
$TBD REBATE
$ 999,442 NET COST
$394,003 NET COST
$0 NET COST
RENEW300: Advancing Renewable Energy at HUD-Assisted Housing
MHDC STAFF AND THEBRONZE TEAM HAVE IDENTIFIEDCALIFORNIA’S NEWMULTIFAMILYON-BILLREPAYMENT (OBR)AS THE PREFERRED FINANCE STRUCTURE FOR THEENERGYEFFICIENCY ANDWATERSAVINGSPROJECT.THECALIFORNIAPUC DIRECTED THECALIFORNIAHOUSINGPARTNERSHIP TO DEVELOP THE MULTIFAMILYOBR PILOT.CHP ANDBRONZE
HAVE PREQUALIFIED THEMHDC PROJECTS FOROBR.
EACHPROPERTYOWNER WILL SIGN ANENERGYSAVINGSPARTNERSHIPAGREEMENT WITH THEOBR FUNDER (TBD IN
EARLY 2015),FUNDING100% OF THE AFTER-REBATE PROJECT COST.REPAYMENT IS MADE VIA A CHARGE ON THEPROPERTIES’UTILITY BILLS,WITH REPAYMENT REQUIRED BY THE PROGRAM TO BE LESS THAN THE TOTAL PROJECT SAVINGS.
On-
Bill
Repayment
✓
© EutecAcs 2016, all rights reserved
ACaseStudy… Efficiency
&
Water
Savings
923 TOTAL UNITS 11 PROPERTIES
A. G. G.S. M. G. V.G.
ALC. JPP PDS SS
DUN M. A. R.S.
$2,081,945 TOTAL COST
($ 688,500) ESTIMATED REBATES
$1,393,445 NET FINANCED VIA EITHER A) ON-BILL REPAYMENT OR B) UNSECURED OPERATING LEASE W BAY AREA MULTIFAMILY CAP. ADVANCE PROGRAM (BAMCAP) SUPPORT.
Solar
PV 442 KILOWATTS SOLAR PV12 PROPERTIES
A. G. B. ESP. M. G.
ALC. D. C. G.S. PDS
BAY DUN M. A. R.S.
$0 ZERO-DOWN,C ASH-FLOW-POSITIVE SOLAR POWER-PURCHASE AGREEMENT,WITH THIRD-PARTY SELLING ROOFTOP SOLAR POWER TOHD C AT A DISCOUNTED RATE.
RENEW300: Advancing Renewable Energy at HUD-Assisted Housing