economically compelling energy savings
TRANSCRIPT
Economically Compelling Energy Savings
Andy BrydgesAccount Executive, Energy Efficiency
Eversource
Anthony ClarkAssociate Director, Commercial, Industrial, and
Institutional ProgramsCT Green Bank
Green Bank and Utility Introductions
Energy Efficiency Incentive Programs
Financing Opportunities for Efficiency &
Renewables
New Construction Approaches
Q&A
Agenda
Energy EfficiencyIncentive Programs
Eversource C&I Annual Savingsby End Use
Cooling7%
Heating3%
Lighting65%
Motor4%
Other1%
Process18%
Refrigeration2%
Annual Electric Savings
Domestic Hot Water
3%
Heating65%
Other0% Process
31%
Refrigeration1%
Annual Gas Savings
Shift Beyond Lighting
Promote HVAC Strategies
Deliver EE services to all Fuels
Tailor solutions to Market Segments– Trade Ally Networks– Turnkey solutions for small- to mid-sized
businesses that include on-bill financing
Lighting
LED C&I Market Adoption - US
Source: DesignLights Consortium (DLC); Energy Savings Potential of DLC Commercial Lightingand Networked Lighting Controls ; July 2018
LED C&I Savings Potential (Cumulative) - US
Source: DesignLights Consortium (DLC); Energy Savings Potential of DLC Commercial Lighting and Networked Lighting Controls ; July 2018
“Non-Energy” Value Propositions –Built Upon a Connected Lighting Platform
Lighting is ideal “powered platform”:add-on other features
“Non-energy” add-on features through NLC may be equally/more important than energy savings to customer– Space scheduling/ utilization– Indoor positioning and “way-finding”– Asset tracking and management
Economic payback may rely upon “non-energy” features customer wants/needs
Lighting Measures
Lighting Tier Requirements
Best High Performance Lighting Networked Lighting Controls
Better Enhanced Performance Lighting LED with Sensors
Good Standard Lighting LEDs without Controls
Possible Control
Strategies:
Occupancy Sensors
Daylight Harvesting
High End Trim
Gas Measures& Industrial Offerings
Gas Measures
New Equipment Controls Steam Systems Heat Recovery Building Envelope
Industrial Measures Air Compressors & Dryers Dust Collectors Forge Furnaces Variable Speed Controls Studies:
– Air Compressor Systems– Steam Systems– Investment Grade Engineering Study
Comprehensive Approach
Comprehensive Approach
End Uses
Heating Process
Cooling Domestic Hot Water
Lighting Refrigeration
Motor
Comprehensive Approach – The Tiers
Tier Project Must Include Incentives
Total Comprehensive
Incentive
Networked Lighting Controls, or At least 3 end uses (lighting must have
controls)
Up to 65% of project cost
Multi End Use or EMS
Lighting with controls, orEMS, or
At least 2 end uses (lighting at least dimmable)
Up to 45% of project cost
Single End UseLighting or dimmable lighting, or
Only 1 end useUp to 25% of project cost
Financing Approaches
CT Green Bank
Comprehensive Project Success
Green Bank C&I Offerings
Financing for Higher Energy Performance– Commercial Property Assessed Clean Energy
(C-PACE) for existing buildings and new construction
– Power Purchase Agreements for renewable energy
What is C-PACE
C‐PACE (Commercial Property Assessed Clean Energy) is an innovative financing solution from Connecticut Green Bank that makes upgrades that save energy accessible and affordable.
Enabled by State-level legislation, PACE is an public-private partnership, creating the first voluntary property tax assessment for optimizing building infrastructure.
With C-PACE, building owners can access 100% upfront, long-term financing to fund eligible improvements
C-PACE Basics
Energy project construction proceeds exactly as it typically would.
C-PACE is secured by a property assessment with repayment collected with and like any other property tax and assessment
PACE assessment survives sales, including foreclosures
PACE assessment in arrears is senior to mortgages - but only the past due assessment
Future PACE assessments are paid by future building owners
C-PACE Investment in CT
C-PACE Improvements in CT
C-PACE Impact in CT
Solar Power Purchase Agreement
CRE Case Study - I
CRE Case Study - II
New Construction Approaches
2 Program Paths for Efficiency
New Construction Program
Path 1:WBP & Zero Energy Modeling Program
Path 2:Prescriptive
Program
C-PACE New Construction
With C-PACE, developers can leverage utility incentives and:
Complete the capital stack affordable, long-term financing that may take the place of more expensive debt and equity. Up to 20 percent of eligible costs can be financed through C-PACE New Construction for terms up to 25 years.
Develop buildings that are higher performing, more cost-effective, comfortable, and competitive thereby boosting a project’s long-term sustainability and creating a more attractive investment.
Invest with confidence. The Green Bank’s Technical Administrator will conduct an independent review of the energy modeling and projected energy performance.
C-PACE New Construction In Use
Q & A
Thank YouAndy Brydges
860-665-2733
Anthony ClarkCT Green Bank
860-257-2888
Savings from Networked Lighting
Source: DesignLights Consortium (DLC); Energy Savings Potential of DLC Commercial Lighting and Networked Lighting Controls ; July 2018