4 16-10 workforce summit california-first

CaliforniaFIRST

Annie Henderson| April 16, 2010

CaliforniaFIRST: Pilot Partners

CaliforniaFIRST Pilot– Alameda– Fresno– Kern – Monterey– Sacramento– San Benito– San Diego

– San Luis Obispo– San Mateo– Santa Clara– Santa Cruz– Solano– Ventura– Yolo

CaliforniaFIRST in SD County

Unincorporated County

Carlsbad

Chula Vista

Coronado

Del Mar

Encinitas

Escondido

La Mesa

Lemon Grove

Oceanside

Poway

Santee

Solana Beach

* City of San Diego will have a stand-alone PACE program

CaliforniaFIRST: Overview

• Creates financing district

• Provides complete admin

• Provides upfront capital through bond sales

• Identifies work & chooses contractor

• Applies for financing

$$ Upfront

$$ Repaid on tax bill

City /County“opts-in”

• Repays financing on property tax bill

• Repayment obligation transfers with ownership

Key Benefits for Cities & Counties

Helps meetenergy andclimate goals

Promotes local jobs

Tax neutral andno exposure toGeneral Fund

124

jobs created with$10 millioninvestment

Potential Program Reach

Contractor Qualifications

Standard– Appropriate State license

– Participation in State rebate programs

– Agreement to Code of Ethics

– Compliance with CEC HERSII requirement (as available and applicable)

Under Development– Energy Efficiency certification requirement will be dependent on

State standards currently under development by HERCC, WHPP, Home Star, etc.

Integration of Programs

Main Points

Loading Order – 10% EE improvement required prior to financing for on-site

renewable generation (does not include SWH)

– Emerging EE rebate program may increase requirement to 20%

– Multiple pathways to meet loading order

Residential properties– Specific underwriting criteria

Commercial properties– Process under development

Financing available to RE and EE projects– Water efficiency to follow

Participation Pathways

BPI, HERSII,

Equivalent

Based on Rebate

Requirements

Property Qualification

CaliforniaFIRST.org

Annie Henderson| annie@renewfund.com | (510) 451-7911

www.CaliforniaFIRST.org