BAMBE workshop fall 2015 - Bay Area Multifamily Building

Tuitle
Bay Area Multifamily
Building Enhancements
Rebates & No-cost Consulting
for Energy & Water Savings
What We’ll Cover Today
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Bay Area Multifamily Building Enhancements
Benefits of energy & water upgrades
Case studies: Real Projects
How to participate
Q&A
Energy Upgrade California for Existing Buildings
• California’s energy efficiency goals
for existing homes & buildings
• Rebates, financing, technical
assistance to help property owners
• Utilities, state & local government
working together
Bay Area Regional Energy Network
• Collaboration of 9 counties local governments
• Multifamily (5+units) program led by StopWaste
(Alameda County)
Bay Area Multifamily Building Enhancements
Cash Rebates
• $750 per unit calculated for whole building
• Save 15% energy & water with multiple improvements
• Choose your own contractors
No-Cost Energy Consulting
• Energy usage analysis, site visits, scope development
• One-stop-shop to connect with other programs
Low-Cost Financing
• Bring your standard interest rate down by half
• Use a Participating Lender or your own lender
Bay Area Multifamily Building Enhancements
Eligibility Criteria
• 5+ attached dwelling units
• Located in 9 county Bay Area
• PG&E service
• Rebate upgrade scope to be
approved through free consulting
– Saves 15% or more on whole building basis
– Must install multiple improvements
Enrollment: Complete an interest form
Bay Area Multifamily Building Enhancements
2014 Program a Success!
• Served 125 projects
• Upgraded over 8,000 units
• Over $6 million in rebates
• Exceeded all program goals
Similar success expected in 2015
Program now open for 2016!
A Penny Saved is a Penny Earned
• Save on utility bills for central systems,
common areas
• Save on maintenance cost by updating
equipment
A Penny Earned is a Penny Earned
• Marketability
– Lower occupancy cost
– Comfort
– Noise reduction
– Improved safety
– Updated units
– Reliable systems
A Penny Invested is a Penny Earned
• Protect your investment
– Modernized equipment
– Safeguard against failing equipment
– Improved cash flow, NOI
• Future external factors:
– Increasing energy costs
– Mandatory requirements
Energy Upgrade California in the Bay Area
Participant Workshop
Association for Energy Affordability
Providing
No-Cost Energy Consulting
Real Projects Saving Energy
WHAT IS AN ENERGY UPGRADE?
Typical Upgrades
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HVAC
Domestic Hot Water
Enclosure
Lighting
Appliances
Pools
• Other Upgrades:
– Water
– Renewable energy
– Green building
upgrades
Roof Insulation Before
Roof Insulation After
Wall Insulation Before
Wall Insulation After
DHW System Before
DHW System After
Lighting Before
Lighting After
Windows Before
Windows After
Washing Machines Before
Washing Machines After
Bay Area Multifamily Building Enhancements
NO-COST CONSULTING SERVICES
Energy Consulting Services
• Discuss your project
– Your interests & priorities
– Biggest opportunities
– Qualifying for rebates
• Energy modeling & calculations
• Referrals to appropriate programs
• Pre-installation site visit
– Verify existing conditions
– Identify additional upgrade opportunities
Energy Consulting Services
• Select upgrade scope & reserve rebate
• Assists during procurement stage with min
performance specs and contractor quals
• 50% and 100% construction verification
– verify that all equipment is/was installed properly
– any necessary test-out of combustion appliances
• Track projects from intake through completion
Real Projects Saving 15% or more
BAY AREA CASE STUDIES
Theater Apartments in Oakland (46 units)
Energy
Savings
19%
Rebate
Amount
$34,500 ($750 x 46 units)
Upgrades
Installed
Vinyl Window Insulation
Attic Insulation
Floor Insulation
Exterior and Interior Lighting
Upgrades
“Big things got done rather than a
piece here and a piece there.”
Reflections Condos in San Ramon (296 units)
Energy
Savings
16.6%
Rebate
Amount
$222,000 ($750 x 296 units)
Upgrades
Installed
Windows
9 Water Heaters
Hot Water Pipe Insulation
Exterior Lighting
Lagoon Pump Controls
Pool Pumping Upgrades
“Residents like the lighting
upgrades for aesthetics and safety.
We like the reduced costs.”
Avalon Apartments in Santa Rosa (20 units)
Energy
Savings
18%
Rebate
Amount
$15,000 ($750 x 20 units)
Upgrades
Installed
High-Efficiency Water Heater
14 Refrigerator Replacements
 In-Unit Lighting Upgrades
Exterior Lighting
Low Flow Aerator Installation
on Unit and Kitchen and Bath
Faucets
1333 Jefferson St. in Napa (6 units)
Energy
Savings
13.2%
Rebate
Amount
$3,750 ($750 x 6 units)
Upgrades
Installed
Tankless Water Heater
Hot Water Pipe Insulation
Washing Machine
Interior + Exterior LED Lighting
Low-flow Fixtures
Selecting Your Upgrade
Recommended Upgrade
Energy efficient windows
Central water heater & controls
Low-flow fixtures
In-unit furnaces
Exterior lighting
In-unit lighting
Refrigerators
Central washing machines
Total
Savings
4%
8%
2%
4%
3%
1%
1%
3%
26%
Selecting Your Upgrade
Goal: Lower Utility Bills
Recommended Upgrade
Energy efficient windows
Central water heater & controls
Low-flow fixtures
In-unit furnaces
Exterior lighting
In-unit lighting
Refrigerators
Central washing machines
Bonus: Save Water!
Total
Savings
4%
8%
2%
4%
3%
1%
1%
3%
26%
Selected
8%
2%
3%
3%
16%
Selecting Your Upgrade
Goal: Reduce Maintenance
Recommended Upgrade
Energy efficient windows
Central water heater & controls
Low-flow fixtures
In-unit furnaces
Exterior lighting
In-unit lighting
Refrigerators
Central washing machines
Total
Savings
4%
8%
2%
4%
3%
1%
1%
3%
26%
Selected
8%
4%
3%
1%
3%
18%
Selecting Your Upgrade
Goal: Modernized Look & Feel
Recommended Upgrade
Energy efficient windows
Central water heater & controls
Low-flow fixtures
In-unit furnaces
Exterior lighting
In-unit lighting
Refrigerators
Central washing machines
Total
Savings
4%
8%
2%
4%
3%
1%
1%
3%
26%
Selected
4%
2%
4%
3%
1%
1%
15%
Other Programs
AVAILABLE THROUGH
PROGRAM REFERRAL
Bay Area Multifamily Capital Advance Program
• Finance project costs after rebates
• Bring your standard interest rate down by half
– Up to 50% from BayREN at 0%
– Other 50% from lender at market rate
BayREN portion max: $500,000 or $5,000 per unit
• Use a Participating Lender or bring your own
lender to the program
• Increase cash flow (lower debt service payments)
and build equity (amortize debt faster)
• Best for projects with costs >$50,000 after
rebates (large scope or large property)
BAMCAP Example
200 unit BAMBE projects
Efficiency Project Cost
$600,000
BAMBE Incentive
( - ) $150,000
Out of Pocket Cost:
BAMCAP Portion (50%)
Lender Portion
Total Loan
$450,000
$225,000 (0%)
$225,000 (5%)
$450,000 (2.5%)
BAMCAP Lenders & Product Summary
Commercial RE Loans
for MF building owners.
Term Loans for not-for-profit
affordable housing owners.
Equipment Financing
for businesses.
PG&E Multifamily Upgrade Program
• Upgrade Incentive tiered using a formula based on
percentage of energy savings
• Hire & manage a Qualified Rater – assessment
incentive to help offset Rater cost
• In-Depth Audit by the Rater
• Work must be installed by a Participating Contractor
multifamilyupgrade.com
Multifamily Properties Program
pge.com/multifamily
Energy Savings Assistance Program
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Insulation
Weatherproofing
Light bulbs
Caulking
Showerheads
Furnaces*
Water heaters*
* Repair or replacement may be available to eligible homeowners if PG&E
determines that existing natural gas units are inoperable or unsafe.
pge.com/esa
Bay Area Multifamily
Building Enhancements
HOW TO PARTICIPATE
5 Simple Steps
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Enroll
Online
Energy
Reserve
Rebate
Install
or in-person
today!
Consulting
Upgrade
5
Claim
Rebate
Get Started Today!
Complete an interest form
BayAreaMultifamily.org
Questions?
[email protected]
855-213-2838