EFFICIENCY MAINE TRUST

Transcription

1 EFFICIENCY MAINE TRUST CLICK TO EDIT MASTER TITLE STYLE DELIVERING MAINE S LOWEST COST ENERGY RESOURCE MICHAEL STODDARD, EXECUTIVE DIRECTOR DANA FISCHER, RESIDENTIAL PROGRAM MANAGER THE ISLAND INSTITUTE ISLAND ENERGY CONFERENCE OCTOBER 18, 2013 HUTCHINSON CENTER, BELFAST, ME

2 The Efficiency Maine Trust Acts like a statewide utility to deliver Maine s lowest cost energy resource: Energy Efficiency Independent, not-for-profit, quasi-state agency stakeholder Board of Trustees regulated by the PUC Administering energy programs since 2010 To increase the use of energy efficient equipment and systems 2

3 Fiscal Year 2012 Results Helped save $142 million in lifetime avoided energy costs Electric, natural gas, and heating oil combined Assisted 1,600 businesses and institutions To complete 2,500+ projects Leveraged nearly $41 million in private investments Discounted 2 million CFL bulbs to save $43 million in electricity costs over the full life of the bulbs Continued programs to promote home weatherization and high efficiency heating systems 3

4 Recent Results Maine s Electricity Customers will Use Less Lifetime Savings kwh 2,000,000,000 1,800,000,000 1,600,000,000 1,400,000,000 1,200,000,000 1,000,000, ,000, ,000, ,000, ,000,000 - FY 2011 FY

5 Recent Results Maine s Electricity Customers Will Pay $128 Million Less $140,000,000 Lifetime Economic Savings $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $- FY11 FY12 5

6 The Lowest Cost Energy in Maine (2012 Prices) Cents/kWh Energy Transmission and Distribution Efficiency Maine Cost Total Efficiency Cost Levelized over the life of the equipment 6.40 Medium and Large Customer Standard Offer 7.40 Small Biz and Residential Customer Standard Offer 6

7 Maine s lowest cost power plant Through its electricity programs, Efficiency Maine is effectively building a low-cost power plant Promoting thousands of energy upgrades each year Aggregating the electricity resources in Maine that are cheaper than supply To displace the production/generation and distribution of unnecessary or wasted energy Equally effective for saving natural gas and heating oil as it is for saving electricity

8 Benefits of Energy Efficiency Reduce energy costs in Maine Grow the economy and Create jobs Lighten the environmental impact from energy use Transform Maine s marketplace of energy efficiency and distributed resources

9 Funding Sources Electric and natural gas utilities Regional Greenhouse Gas Initiative Federal Funds Recovery Act of

10 Program Highlights

11 All Programs Business Residential Renewables Cross Cutting Incentives Menu Custom for Elec and Gas Retail Products Lighting Appliances for Elec only R, D&D Grants Competitive Bid Periodic RFPs As funds allow Education and Information Small Business Direct Install Pilot for Elec only Low Income Retail Products Weatherization and Heating for Elec and Gas Innovation E.g., Smart Grid Applications Large Customer Competitive Bid Rolling application for all fuels 11 Home Energy Savings Program Menu Custom Loans for all fuels Research and Evaluation

12 Business Incentive Program Menu of incentives up to $50,000 on qualified measures including: Lighting HVAC equipment Refrigeration Controls (for lighting, HVAC) Custom incentives for non-prescriptive projects that result in a yearly energy savings of 70,000 kwh or more Technical Assistance available 12

13 Multi-Family Energy Program Program Design: For buildings with 5-20 units Any project that saves at least 20% total energy (any fuel, any income) No obligation Benchmarking Rebates for approved Energy Reduction Plan Rebates of 50% of the upgrade cost up to $1,400/unit Please encourage local property managers to participate! 13

14 Large Customer Program Maine businesses, institutions and governments apply in competitive solicitations for funding Eligibility: large electrical energy efficiency and distributed generation projects that deliver: high benefit : cost ratio, and high savings of electricity or greenhouse gases Funding ranges from $100,000 to $750,000 per facility, up to 50% of total project costs Targets largest energy consumers (generally over 400 kw) Rolling review process Continues until July 2014 or until funds exhausted 14

15 Low Income (Electric) Supports weatherization and/or mini air heat pumps in properties heated by electricity Also direct shoppers to efficient lights at retail stores 15

16 Efficiency Maine Home Energy Savings Program Financing and Incentives New Incentives available as of September 11 th, 2013

17 Home Energy Savings Program More than 12,000 homes in Maine have received incentives and financing for energy upgrades and services since 2010! New Incentives announced! Up to $1,500 per building toward a variety of best-in-class heating and insulation improvements! Low Interest, Long-Term Project Financing still available! 526 PACE and PowerSaver loans for home projects. $6.7 Million total improvements financed since New Unsecured Energy Loan to be available in November! 17

18 A quick look at last year and what we found. Air Sealing Incentive ended 9/30/13 As of 9/30/2013 Completions 8000 Average SqFT 1609 Average Year Built 1943 Average Occupancy 2.6 Ave PRE CFM50# 3235 Ave POST CFM50# 2687 Average Reduction CFM Percent air flow reduction 17% Total job hours supported 90, Average Hours per project 11.3 Average total project cost $826 18

19 What the housing stock needs 19

20 Most attics are under insulated! Current code for attics in Maine is R-49 (~16 ) 20

21 What is available to help now?!!! Financing up to $25,000 over 15 years at 4.99% APR PACE PowerSaver Home Energy Loans Rebates up to $1,500 per 1 to 4 unit building Energy assessment and air sealing Insulation in attics, basements and walls Best-in-class heating systems Custom whole home upgrades 21

22 Long-term Low-interest Financing! PACE (4.99% APR up to 15 years) Secured loans up to $15,000 on 1 to 4 unit homes No minimum credit score Borrow against any equity you have Available in 168 towns so far PowerSaver (4.99% APR up to 20 years) Secured loans up to $25,000 on single family homes only Unsecured loans up to $7,500 Available Statewide Home Energy Loans (4.99% & 5.99% APR up to 10 years) Coming soon! (November) Unsecured loans up to $15,000 Fast approval and closing Loans up to $7,500 with credit score as low as

23 Home Energy Savings Program Incentives HESP Incentive Up to $1,500 for home energy upgrades. Two paths to access rebates: Path 1 (Custom) Modeled tiers Tier 1 : 20% Tier 2 : 40% Allows for inclusion and credit for broader variety of improvements in a single project. Path 2 (Menu) Prescriptive items Air sealing with Assessment Best In Class Heating Systems Insulation to new standards (e.g. R49 attic) 23

24 Custom Path Incentives Path 1 (Custom) Up to $1,500 per building $1,000 for > 20% Whole Home Energy Savings $1,500 for > 40% Whole Home Energy Savings Energy assessment with Modeled work scope. May include: Heating System Upgrades, Insulation Upgrades, Air Sealing, Heat Pump water heaters, Energy Star appliances, Solar, Pellet Boilers, Windows, Doors, Etc. 24

25 Home Energy Savings Program Incentives Path 2 (Menu) up to $1,500 per building $400 for Air Sealing with Assessment $100 Next Step Bonus For one measure beyond Air Sealing with Assessment $500 - $1,000 for Envelope Insulation $250 - $500 for Qualified Supplemental Heating Systems $500 for High Efficiency Whole House Heating Systems 25

26 Incentives Path 2 (Menu) $500 - $1,000 for Envelope Insulation $500 each zone up to 2 zones per home Attic Air seal penetrations chases, electrical. Go to R49 or fill bays. Exterior walls Dense pack all accessible exterior walls or 2 exterior foam. Basement walls Air seal penetrations, chases, sills. Perimeter to R15 to 2 ft below grade 26 2x contribution minimum from homeowner on insulation measures.

27 Incentives Path 2 (Menu) $500 for High Efficiency Whole House Heating Systems $500 per home one central system per building Air Source Heat Pump HSPF >/= 9, Energy Star Super high efficiency Furnace/Boiler (Natural Gas, Oil, Propane) 27

28 Incentives Path 2 (Menu) $250 - $500 for Qualified Supplemental Heating Systems $500 per home one central system per unit Air Source Ductless Heat Pumps HSPF >/= 10, Energy Star; Pellet Stoves ($250 total rebate) EPA approved, make-up air ducted into unit. Wood Stoves ($250 total rebate) EPA approved, make-up air ducted into unit; listed on the Oregon Department of Energy list of qualifying Premium Efficiency Wood Stoves. 28

29 Eligibility Eligible buildings include 1-4 unit buildings, owneroccupied year-round residences or rentals with annual leases; (NO vacation homes or seasonal rentals) NOT ELIGIBLE: Previous HESP Program Participants; Multifamily RDI Participants (2,3,4 unit RDI); Other incentive programs may apply: (Summit, Unitil, Efficiency Maine Heat Pump Rebate); Full program guidelines available at 29

30 We re here to help! For more info visit: Efficiencymaine.com Or call (866-ES-MAINE) 30