tapping the energy efficiency and conservation loan program | for multi-family housing owners
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Tapping the Energy Efficiency and Conservation Loan Program | For Multi-Family Housing Owners
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Why address multi-family energy efficiency?
Cost savings opportunities exist. How will you capture them?
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 20301
•Growing number of municipalities require multi-family buildings to report energy consumption2
Sources: 1. EPA, 2. Urban Land, 3. ACEEE , 4. HUD, 5. Demand Institute
Regulatory Compliance
Usage Trends
Customer Demand
•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 efficient4
•Long-term consumption per-capita likely to fall in North America5
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How can EECLP help?
What if you had an opportunity to….
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Meet customer needs by helping upgrade outdated buildings with retrofits and reducing utility spend for low-income individuals in rural communities
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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.
RUSLends at
treasury rates + 1/8th
Utility
Customer
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
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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.
RUSLends at
treasury rates + 1/8th
Utility
Customer
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 FactsEligibility• Electric service providers in rural
areas (pop. < 20K) served by RUS Loan Terms• Tied to the useful life of the asset• Typically 15 yearsSample 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
State Energy Program
Rural Co-op
1 State ids interested co-ops
2 *Co-ops agree; Begin EEP Planning
RHS+
Industry Trade Group
RHS & Industry Trade Group ids interested housing owners
Multifamily Housing Owners
2Owners agree; Begin estimating investment need
1 Complete estimation; Receive quotes
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3 Identify MFH Buildings in Service Area
(Optional) EEP Development Workshop
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Develop funding request business case
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Investment Decision Workshop to Select Retrofit Projects
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*Note: While Rural Co-Ops are shown here, EECLP is available to all Electric Utilities
What are the next steps?