ahfc energy programs update energy...ahfc provides a $7,500 rebate for new 5 star plus homes. •...
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AHFC Energy Programs Update
• Assisting homeowners for 30 years
• Income based
• Homeowners and renters may apply
• Services provided at no cost by 17 providers
• Strong history of performance
1
Weatherization Program
Average Expense Per Unit
$11,000
$7,000 $18,000
$30,000
Road & Marine Highway Air only
Funding level prior to and after FY2008 appropriation
2
Weatherization Program
$59,700
1 Person in
Anchorage
3
$25,080
DOE Income Level
2008-2010 Residential Weatherization Training
•100+ Alaskan communities
Weatherization Program
4
State Funding Levels
SFY 2008 $200 million
SFY 2011 $64 million
Total $264 million
Weatherization Program
5
Weatherization Program Update
Total expended $144.6m
Units complete 5,649
Total expended $164.2m
Total units complete 7,681
December, 31 2011
Projected totals March 31, 2012
March 31,2013
Current totals
Total expended $245m
Total units complete 10,500
Projected totals
6
• Resident health and safety
• Fire safety
• Improves building stock
• Job creation
• Invests in local communities
• Energy Savings
Benefits
7
Weatherization Program
• Open to all Alaskans
not participating in the
Weatherization
program
• No income
requirements
• Owner-occupied, year-
round residences
• Homeowners pay
upfront and are then
rebated
• “As-Is & Post” energy
ratings
Home Energy Rebate Program
8
SFY 2008 $100 million
SFY 2009 $60 million
SFY 2011 $37.5 million
Total $197.5 million
State Funding Levels
Home Energy Rebate Program
9
Home Energy Rebate Program
10
April 2008 – Jan 30, 2012
Rebates
As-Is
Post
5 Star Plus
Total Expended
16,098
28,365
16,158
1,317
Results
$102.6m
$9.2m
$2.8m
$9.9m
$130.5m
Home Energy Rebate Program
11
All communities
1,746
Waitlist numbers updated 1/27/12
Waitlist
Dispatch
500/month
$11,009 spent
-$6,375 rebate
-$325 As-Is
-$175 Post
= $4,134 homeowner investment
Program snapshot was taken 1/6/2012
Home Energy Rebate Program
Program Snapshot Average Improvement Costs of 15,906 Homeowners
12
Home Energy Rebate Program
13
Average home energy savings
Average home cost savings
Savings
Data as of 9/30/11
$1,297/year
33 percent
Estimates Home Energy Rebate Program
Total Energy Savings 1,649,785 MMBTUs
Total CO2 Emissions Reduced 101,906 net tons
Average home energy savings 33%
Average home cost savings $1,297/year
Average Home Age 33.6 years
As is rating 2 Star Plus
Post rating 4 Star
Average increase in rating 3 Steps
Home Energy Rebate Program Statewide Annual Outcome Estimates as of 9/30/11
14
Home Energy Rebate Program
5 Star Plus New Home Rebate
AHFC provides a $7,500 rebate for new 5 Star Plus homes.
• Not more than one year old
• For original owner
• Must meet all AHFC property financing
requirements
• 5 Star Plus energy rating
15
Rebates
Total Expended
1,317 rebates
$9.9 million Numbers updated 1/30/2012
• Second mortgage
up to $30,000
• 15 Year Loan at the
Taxable Rate
• Active Loans: 77
• Loans Paid Off: 59
Second Mortgage for Energy
Conservation
16 Updated 12/28/11
Alaska Energy Efficiency
Revolving Loan Fund (AEERLF) $250m available for energy efficiency improvements for:
Savings from energy efficiency improvements are used to pay
off the loan
-Schools
-University of Alaska
-State facilities
-Municipal facilities
17
Alaska Energy Efficiency
Revolving Loan Fund (AEERLF)
18
Benchmarked 1200+ facilities
Over 300 Investment Grade Audits to be completed
One loan application submitted to AHFC
Energy Efficiency Benefits
19
Increase
economic
activity
Reduction in
energy costs
and usage:
Other
benefits -Environmental
-Social
-Economic
Enhances
durability &
value of
home
Quality of life
and safety
increase
EE
Investment
20
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