Description
Finance Corporation on Energy Efficiency Programs
AHFC Energy Programs
Rebate and Weatherization Update
OVERVIEW
$360 million total appropriation in 2008:
?$200 million for weatherization
? Income-based, no-cost to tenant or homeowner program
?$160 million for rebates
? For those not qualifying for weatherization program
? Rebate provided for eligible improvements
? Ratings required
?Training & job component
HOME ENERGY REBATE & WEATHERIZATION
RESULTS
? Ratings 37,264
? Rebates 11,376
? 5+ Homes 941
? Weatherized 5,003
April 2008 – January 26, 2011
17,320 homes now more energy efficient since 2008
HOME ENERGY REBATE & WEATHERIZATION
RESULTS
? Ratings 25,557
? Rebates n/a
? 5+ Homes 2,345
? Weatherized 10,704
37,264
11,376
941
5,003
BEFORE
1996 - March 2008
AFTER
April 2008 – January 26, 2011
17,320 homes now more energy efficient since 2008
Energy & CO2 Results
HOMES Before After Total Saved Per Home
9,840
Energy Cost $51,429,591 $36,680,758 $14,748,833 $1,535/yr
CO2 lbs/year 422,132,557 300,342,735 121,789,822 12,443 lbs/yr
Rating Stars 2+ 4 3 steps
BTUS 978 Billion 99.48 Million
1.24.2011
Equivalent energy savings: 168,766 barrels of crude oil
7 million gallons of fuel oil
717 gallons of fuel oil per home
Average energy use reduced 33.15 percent
Fuel Type Average Saved
Electric 770 kwh
Natural Gas 999 ccf
#2 Oil 642 gallons
Propane 93 gallons
Wood 2.2 cords
Average savings per home by fuel type
1.24.2011
9,840 sampled homes
Projected average energy cost reduced 30 percent
Estimate 2,500 jobs created:
•1,500 from weatherization
•1,000 from rebate
•ISER confirmation in progress
JOB CREATION & RETENTION
$200 Million
Obligated:
2008-2009 $74 million
2010 $63 million
2011 projection $63 million
? 1978-2008: 600 annually
? 2009: 1,864
? 2010: 3,139 (current)
? 2011: 4,000 (projected based
on funding)
? Statewide weatherization
providers and housing
authorities have now
achieved a sustainable
capacity.
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
Previous
program
2009 2010 (current) 2011
(projected)
Homes Weatherized
? 2008: 56
? 2009: 90
? 2010: 100+
? 2011: 100+
0
10
20
30
40
50
60
70
80
90
100
2008
2009
2010
2011
Communities Served
$160 Million
Funds: Fully obligated
Expended: $88.6 million
1.26.2011
Existing Homes
? 11,376 rebates paid
? $6,287 average
? 63.3 percent
participation rate
? 18 month deadline
New 5 Star Plus Homes
? 941 rebates paid
0
5000
10000
15000
20000
25000
30000
9/16/2008 9/16/2009 9/16/2010
1.25.2011
As-Is Ratings Paid : 24,956
December 2008 = 9,492
(full funding)
December 2009 = 463
(all funds obligated)
December 2010 = 3,548
(“recycled funds”)
1.21.2011
Wait List
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
1
0
/
3
1
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0
$10,869 spent
-$6,287 rebate
= $4,582 homeowner
investment
Program Snapshot
Average Costs of 11,800 Homeowners
1.21.2011
$1,535 annual energy savings
3 year payback
SECOND MORTGAGE FOR ENERGY
CONSERVATION
? Second mortgage up to $30,000
-15 Year Loan at the Taxable Rate
-Loans Paid Off: 93
-Active Loans: 33
1.26.2011
SUMMARY
?17,320 homes completed
?Reduced costs 30 percent and energy
savings 32 percent
?Created 2,500 jobs at a minimum, with
projections to 4000
?Achieved annual capacity of 4,000
Weatherization program homes
?All funds obligated
ALASKA ENERGY EFFICIENCY REVOLVING
LOAN FUND (AEERLF)
“Alaska Sustainable Energy Act” - $250 million revolving loan fund
? Energy efficiency improvements for
? Regional Educational Attendance Areas (REAAs)
? University of Alaska
? State facilities
? Municipal facilities
? Guaranteed savings from energy efficiency improvements are used to
pay off the loan
? Requires Retrofit Energy Assessment for Loan (REAL)
RETROFIT ENERGY ASSESSMENT FOR LOAN (REAL)
Prior to applying for the loan…
? Initial Project Evaluation
? Energy benchmark
? Energy Audits
? Audits by Certified Energy Auditor (CEA) or Certified Energy Manager (CEM)
certification through the Association of Energy Engineers (AEE), or an AHFC-approved
equivalent.
? Energy Performance Contracts (EPCs)
? Energy Service Companies (ESCos) qualified by Alaska Housing Finance Corporation
(AHFC) and Alaska Department of Transportation and Public Facilities (DOT/PF) may be
used.
Retrofits may be managed by qualified Energy Service Companies (ESCos), or the
facility owner (if under $250,000).
doc_124673954.pptx
Finance Corporation on Energy Efficiency Programs
AHFC Energy Programs
Rebate and Weatherization Update
OVERVIEW
$360 million total appropriation in 2008:
?$200 million for weatherization
? Income-based, no-cost to tenant or homeowner program
?$160 million for rebates
? For those not qualifying for weatherization program
? Rebate provided for eligible improvements
? Ratings required
?Training & job component
HOME ENERGY REBATE & WEATHERIZATION
RESULTS
? Ratings 37,264
? Rebates 11,376
? 5+ Homes 941
? Weatherized 5,003
April 2008 – January 26, 2011
17,320 homes now more energy efficient since 2008
HOME ENERGY REBATE & WEATHERIZATION
RESULTS
? Ratings 25,557
? Rebates n/a
? 5+ Homes 2,345
? Weatherized 10,704
37,264
11,376
941
5,003
BEFORE
1996 - March 2008
AFTER
April 2008 – January 26, 2011
17,320 homes now more energy efficient since 2008
Energy & CO2 Results
HOMES Before After Total Saved Per Home
9,840
Energy Cost $51,429,591 $36,680,758 $14,748,833 $1,535/yr
CO2 lbs/year 422,132,557 300,342,735 121,789,822 12,443 lbs/yr
Rating Stars 2+ 4 3 steps
BTUS 978 Billion 99.48 Million
1.24.2011
Equivalent energy savings: 168,766 barrels of crude oil
7 million gallons of fuel oil
717 gallons of fuel oil per home
Average energy use reduced 33.15 percent
Fuel Type Average Saved
Electric 770 kwh
Natural Gas 999 ccf
#2 Oil 642 gallons
Propane 93 gallons
Wood 2.2 cords
Average savings per home by fuel type
1.24.2011
9,840 sampled homes
Projected average energy cost reduced 30 percent
Estimate 2,500 jobs created:
•1,500 from weatherization
•1,000 from rebate
•ISER confirmation in progress
JOB CREATION & RETENTION
$200 Million
Obligated:
2008-2009 $74 million
2010 $63 million
2011 projection $63 million
? 1978-2008: 600 annually
? 2009: 1,864
? 2010: 3,139 (current)
? 2011: 4,000 (projected based
on funding)
? Statewide weatherization
providers and housing
authorities have now
achieved a sustainable
capacity.
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
Previous
program
2009 2010 (current) 2011
(projected)
Homes Weatherized
? 2008: 56
? 2009: 90
? 2010: 100+
? 2011: 100+
0
10
20
30
40
50
60
70
80
90
100
2008
2009
2010
2011
Communities Served
$160 Million
Funds: Fully obligated
Expended: $88.6 million
1.26.2011
Existing Homes
? 11,376 rebates paid
? $6,287 average
? 63.3 percent
participation rate
? 18 month deadline
New 5 Star Plus Homes
? 941 rebates paid
0
5000
10000
15000
20000
25000
30000
9/16/2008 9/16/2009 9/16/2010
1.25.2011
As-Is Ratings Paid : 24,956
December 2008 = 9,492
(full funding)
December 2009 = 463
(all funds obligated)
December 2010 = 3,548
(“recycled funds”)
1.21.2011
Wait List
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
1
0
/
3
1
/
2
0
0
8
1
2
/
1
2
/
2
0
0
8
1
/
1
6
/
2
0
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9
2
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2
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2
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1
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9
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2
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2
3
/
2
0
1
0
6
/
1
1
/
2
0
1
0
7
/
1
6
/
2
0
1
0
8
/
1
8
/
2
0
1
0
9
/
2
4
/
2
0
1
0
$10,869 spent
-$6,287 rebate
= $4,582 homeowner
investment
Program Snapshot
Average Costs of 11,800 Homeowners
1.21.2011
$1,535 annual energy savings
3 year payback
SECOND MORTGAGE FOR ENERGY
CONSERVATION
? Second mortgage up to $30,000
-15 Year Loan at the Taxable Rate
-Loans Paid Off: 93
-Active Loans: 33
1.26.2011
SUMMARY
?17,320 homes completed
?Reduced costs 30 percent and energy
savings 32 percent
?Created 2,500 jobs at a minimum, with
projections to 4000
?Achieved annual capacity of 4,000
Weatherization program homes
?All funds obligated
ALASKA ENERGY EFFICIENCY REVOLVING
LOAN FUND (AEERLF)
“Alaska Sustainable Energy Act” - $250 million revolving loan fund
? Energy efficiency improvements for
? Regional Educational Attendance Areas (REAAs)
? University of Alaska
? State facilities
? Municipal facilities
? Guaranteed savings from energy efficiency improvements are used to
pay off the loan
? Requires Retrofit Energy Assessment for Loan (REAL)
RETROFIT ENERGY ASSESSMENT FOR LOAN (REAL)
Prior to applying for the loan…
? Initial Project Evaluation
? Energy benchmark
? Energy Audits
? Audits by Certified Energy Auditor (CEA) or Certified Energy Manager (CEM)
certification through the Association of Energy Engineers (AEE), or an AHFC-approved
equivalent.
? Energy Performance Contracts (EPCs)
? Energy Service Companies (ESCos) qualified by Alaska Housing Finance Corporation
(AHFC) and Alaska Department of Transportation and Public Facilities (DOT/PF) may be
used.
Retrofits may be managed by qualified Energy Service Companies (ESCos), or the
facility owner (if under $250,000).
doc_124673954.pptx