SlideShare une entreprise Scribd logo
1  sur  73
7/2/2015
1
Proprietary & Confidential
Our Goals Today – Your Takeaways
7/2/2015
2
Proprietary & Confidential
The Value of Energy Data
George Belich
Energy ISA / EE Reports
35 years in the energy industry
as a Software engineer, systems
integrator, hardware developer,
product manager and
entrepreneur.
George has a proven track
record of bringing various
vendor solutions and
technologies together within
the energy management field.
7/2/2015
3
Proprietary & Confidential
Valuable data can lead the way
Requirements can be problems
but this is an opportunity
The fine is much less than the
long term gains
36 months of utility bill data can
be revealing and reasonably
implemented
More participants will allow for
cost effective programs from
utilities and energy suppliers
Initial years of data showing
overall savings
You are working with a constantly
evolving tool
7/2/2015
4
Proprietary & Confidential
Basic Savings and More
7/2/2015
5
Proprietary & Confidential
Show Social Responsibility
7/2/2015
6
Proprietary & Confidential
The Score?
Define your building and utilities
Compare to others
Define Data normalized to weather
Measuring stick to your energy plan
7/2/2015
7
Proprietary & Confidential
Engage and Get Recognized
7/2/2015
8
Proprietary & Confidential
Targets and Baselines
Where do you want to be?
Select a base line year
Select a target for the next year
7/2/2015
9
Proprietary & Confidential
Why Is Your EUI Not Improving?
Perform the same analysis
Upward trends show some asset has lost its way
Note slight rise in cost here
This may be a high demand
due to some operation
7/2/2015
10
Proprietary & Confidential
Simple Analytics Usage vs. Demand
The idea is to have a flat of a line as possible
From your utility bills take the simple relationship of monthly demand to monthly usage
Load factor is the total usage divided by the usage if you operated at the demand level for
the whole month
Close to 100 is ideal but not possible most of the time due to building operational
requirements
Low load factor implies the demand may be to high for the operational period. Detailed
load profile data from a utility or sub meter may be required to determine the time frame
that this occurred in.
Good Load Factor Bad Load Factor
7/2/2015
11
Proprietary & Confidential
Taking On Projects
Have an energy efficiency audit done
Begin actions for efficiency
Obtain more detailed data from sub meters
Implement systems for energy management
Measure and verify your projects
7/2/2015
12
Proprietary & Confidential
The Roadmap to Opportunities
Marc Karell
CCES /EE Reports
Licensed Professional Engineer
(P.E.), Certified Energy Manager
(CEM), and Existing Building
Certification Professional
(EBCP), with over 25 years of
experience.
Marc has a proven track record
of reliably performing energy
upgrades and complying with
current energy regulations –
and does so for the greatest
cost benefit.
7/2/2015
13
Proprietary & Confidential
Now that you know how much energy
your building uses, you can use that
information to save lots of money!
7/2/2015
14
Proprietary & Confidential
LL 87 Required Energy Work
 Retro-commissioning certified by professional (i.e., EBCP) is a study reviewing
your current systems to ensure you are getting your money’s worth in operating
your systems
– LL 87 contains 28 areas that must be reviewed
– Low/no-cost upgrades of systems operating improperly must be implemented
 Energy audit (ASHRAE II) certified by professional P.E. or CEM
– Interviews with operating personnel
– Review historic energy use data
– Site visits to see and review all major energy using equipment and building
– Estimate energy usage of different functions (HVAC, lighting, etc.)
– Develop ECMs to save you energy and costs
 You do not HAVE to implement the ECMs, but ……
7/2/2015
15
Proprietary & Confidential
Don’t Think of LL 87 As Only for Compliance,
It Is An Opportunity For Great Financial Benefits
Yes, reports must be submitted on time or else! And poor reports
may be rejected and made to be re-done!
But there are also many positive benefits. It gives you info to
upgrade your systems to save you a lot of $!
Audit ECMs result in significant energy cost savings, good paybacks,
and strong ROIs. And incentives and low interest loans exist for
positive cash flow.
7/2/2015
16
Proprietary & Confidential
ECMs
Feasible, site-specific strategies to improve your energy efficiency,
reducing your energy usage and costs.
All result in major energy cost savings that will pay back initial
capital costs and much more.
– Energy is a growing segment in a building’s cost and with rising energy rates in
the future.
And there are many secondary financial benefits, too.
7/2/2015
17
Proprietary & Confidential
Additional Financial Benefits On Top Of Direct Cost Savings
 A more energy efficient building attracts more potential tenants:
– Higher rents, greater re-sale value.
– You have the upper hand!
 Lower O&M costs. For example, your O&M staff will need to replace LED lights
much less often than others, freeing them for other tasks. This:
– Reduces your costs even further,
– Allows you to better meet deadlines, and
– Reduces risk of accidents of staff going up on cherry pickers and ladders.
7/2/2015
18
Proprietary & Confidential
Additional Financial Benefits On Top Of Direct Cost Savings
New ECM technologies also results in reduced capital expenses and
storage space requirements.
Better comfort and lighting improves worker productivity and retail
sales. Not hypothetical: proven!
– Studies show that better temperature control and better lighting result in more
focused and productive workers and happier shoppers.
7/2/2015
19
Proprietary & Confidential
ECM Case Study: Light Industrial/Office Buildings
Two light industrial/office buildings wished to reduce their high
energy costs and had a professional energy audit done, revealing a
number of ECMs; building owner implemented most, including:
– Replacement of windows
– Installation of new insulation on exterior walls and roof
– Fuel switched from No. 6 oil to natural gas and new, more efficient boiler
– Installation of new temperature control system
– Lighting upgrade
– Installation of solar hot water and PV systems
Building owner realized these benefits from the ECMs:
– Reduced energy costs in first year by over 60%
– Allowed owner to renovate a rarely used portion of building, allowing them to rent it,
bringing in additional revenue
– Significantly reduced time spent in O&M, freeing staff for other tasks
– Improved comfort level of staff, raising productivity
7/2/2015
20
Proprietary & Confidential
Proven Advanced EE Technologies
Andy Padian
PadianNYC Consulting/NESEA
30 years of experience in the
unique building science of
multifamily buildings, and has
performed detailed energy
analysis on hundreds of
buildings across the country.
Mr. Padian is a frequent
contributor to energy and
sustainable publications, and
has spoken at numerous
conferences across the country
over the last 30 years.
Anytime you look at a group of your buildings,
the difference in energy use per square foot
always looks like these graphs:
0.00
5.00
10.00
15.00
20.00
25.00
30.00
35.00
1 22 43 64 85 106 127 148 169 190 211 232 253 274
Series1
0
5
10
15
20
25
30
35
40
Heat
Hot Water
0
20
40
60
80
100
120
<200 200-249 250-299 300-399 400-499 500-599 600-699 700-799
Dual Fuel
Oil
Gas
Drop Page Fields Here
Count of Fuel/Room
Range
FUEL TYPE
Fuel Cost/Room ($)
0
5
10
15
20
25
30
35
40
45
50
1
($/ft2/Year)
21
Proprietary & Confidential
As stated previously, that is why it
is important to find out how much
energy you are using, and which
devices/appliances/systems are
causing you the greatest usage and
cost.
22
Proprietary & Confidential
Let’s Look at lighting for a minute
• 20 years ago, we converted
incandescent to fluorescent, saved
66% with 500% increase in lifetime
• Today, you can take that lighting out,
save another 50% and with another
500% increase in lifetime
23
Proprietary & Confidential
Energy Efficiency
& Energy Costs
Light Emitting
Diodes (LEDs)
Incandescent
Light Bulbs
Compact
Fluorescents
(CFLs)
Life Span (average) 50,000 hours 1,200 hours 8,000 hours
Watts of electricity used
(equivalent to 60 watt bulb).
6 - 8 watts 60 watts 13-15 watts
Kilowatts of Electricity used
(30 Incandescent Bulbs per year
equivalent)
329 KWh/yr. 3285 KWh/yr. 767 KWh/yr.
Annual Operating Cost
(30 Incandescent Bulbs per year
equivalent)
$32.85/year $328.59/year $76.65/year
Chart courtesy of : http://www.designrecycleinc.com/led%20comp%20chart.html
Lighting Comparisons: Watts, Hours, Costs
24
Proprietary & Confidential
Remember Your Old Hot Water Maker?
Old Model 50% Efficient
New Model 90+ Efficient
And there is a much more
efficient way to generate hot
water and save more energy
25
Proprietary & Confidential
Combined Heat and Power (CHP)
and Tri-Generation
Cogeneration or combined heat and power
(CHP) is the use of a heat engine or power
station to generate electricity and useful heat at
the same time. Trigeneration or combined
cooling, heat and power (CCHP) refers to the
simultaneous generation of electricity and
useful heating and cooling from the combustion
of a fuel or a solar heat collector.
26
Proprietary & Confidential
27
Proprietary & Confidential
28
Proprietary & Confidential
Chiller/HVAC/ Controls/Process
Efficiency
• Many building still manually controlled
• Maintenance/Management making daily
decisions
• Too much time spent running systems
• Need better control systems with excellent
documentation
• Off the shelf or custom?
• Great when coupled with Smart Thermostats and
Cloud-based Automation Solutions
29
Proprietary & Confidential
Fuel Switching
• If coupled with an energy efficiency retrofit,
usually a great idea
• Changing boilers, make sure you’re increasing
efficiency
• Gas is cheaper than oil now, wasn’t 10 years
ago
• Fuel flexibility is always a good idea
30
Proprietary & Confidential
Other Simple Cutting Edge
Technologies
• Thermal and Battery Storage
• Demand Response Enablement
31
Proprietary & Confidential
7/2/2015
32
Proprietary & Confidential
No/Low Cost Financing Options
Posie Constable
NYC Energy Efficiency
Corporation
Posie heads NYCEEC’s efforts to
create the financial innovation
to help NYC’s building owners
and project developers
implement clean energy
projects such as heating system
conversions, solar thermal and
solar PV, efficient lighting
retrofits, cogeneration, passive
house construction and other
technologies.
Leading Innovation in Clean
Energy Finance
J u n e 3 0 , 2 0 1 5
34
NYCEEC’s OBJECTIVE FOR THIS WEBINAR
 Introduce NYCEEC
 Tell you about NYCEEC’s flexible financing in NYC
− Fund up to 100% of project costs
− Partners with all incentive providers
− Use savings to pay back loan
 Learn about your projects that need financing
NYCEEC can tailor a financing solution to
meet your project needs
35
ABOUT NYCEEC
 Established in 2011, NYCEEC is a non-profit specialty finance company
that develops financing solutions for projects that save energy or reduce
greenhouse gases
 NYCEEC provides loans and technical expertise to make NYC buildings
cleaner, greener and more affordable
 NYCEEC was initially funded and supported by the US Department of
Energy, City of New York and private philanthropic foundations
36
OUR IMPACT
As of March 2015.
37
LOANS FOR CLEAN ENERGY PROJECTS
Energy Efficiency
 HVAC equipment upgrades
 Lighting upgrades
 Building management systems
 Controls
Clean Fuel Conversion
 Converting from dirty oil to cleaner
alternatives
Renewables
 Solar PV
 Solar thermal
Cogeneration
 Combined heat power (CHP)
 Fuel cells
Demand Response
 Demand response enablement
 Battery storage
NYCEEC provides financing for a broad range of projects, including:
38
NYCEEC LOAN BENEFITS
Up to $6 million for clean
energy projects
Technical guidance Flexible loan structure
 Up to 100% upfront
equipment costs
 Clean energy project
analysis
 Interest-only loans
 Multiple draws
 Capitalized interest
 Partners with all incentive
providers
 Generally no additional
requirements above the
incentive programs
 Finance costs not covered
by incentives
 Construction costs
 Engineering quality
assurance
 Soft costs (energy
surveys)
 Performance evaluation
39
DIRECT LENDING: POTENTIAL PROJECTS
Borrowers can be building owners, vendors and project developers
Commercial
buildings
(office, retail,
hospitality, etc.)
Healthcare &
educational
Facilities
(universities, K-12,
non-profit and
religious facilities)
Multifamily
(co-op, condo,
rentals, over 5
units)
Ineligible:
municipal
buildings and
single family
Property types including:
40
INDICATIVE PROGRAM TERMS
 Flexible financing solutions to meet borrowers’ needs
 Deals can be closed within 3-6 weeks
 Financing is subject to final credit approval
Loan to cost Up to 100% of project costs
Loan size Minimum $30,000; maximum $6,000,000
Term 3 to 10 years (Average: 5-7 years)
Average Interest Rate 6-7.5%
Amortization Fully amortizing loans over term of the loan
41
LOAN PROCESS
 Contact NYCEEC
 Complete NYCEEC
Application
 NYCEEC reviews loan
package
 Potential site visit with
NYCEEC engineers
 Credit review and
approval
 Loan disbursement
 Construction
1. Scope Project
2. Structure Loan
3. Finalize Loan
TITLE OF THIS PRESENTATION
S E P T E M B E R 2 3 2 0 1 5
DEAL SPOTLIGHTS
43
ROOSEVELT LANDINGS
B Y T H E N U M B E R S
$5 million$7.4 million 1$818,000
PROJECTED ANNUAL
COST SAVINGS
Roosevelt Landings
wanted to upgrade
outdated systems and
improve the complex’s
resiliency.
The project’s technical
complexity and long
payback meant that
traditional loans were
not available.
T H E C L I E N T
CHALLENGE Roosevelt Landings is a mixed-income multifamily complex, consisting of 9 buildings
and over 1,000 multifamily dwellings.
NYCEEC’s expertise was key to structuring a financing strategy that made sense for
Roosevelt Landings and unlocked significant energy efficiency investment potential.
NYCEEC provided a $5 million loan under a combined energy services agreement and
power purchase agreement structure to fund energy efficiency measures and
cogeneration.
 Construction began with no upfront costs
 Energy cost savings used to repay loan
 Pioneering use of ESA to finance EE in multifamily sector
 Largest multifamily air sealing project to date
 Improvements: Cogeneration, whole-building air sealing, floor slab insulation, networked
programmable thermostats and high-efficiency boilers
O V E R V I E W & T H E N Y C E E C S O L U T I O N
T H E R E S U L T S
118%
PROJECTED ENERGY
SAVINGS
NYCEEC LOANEE + COGEN PROJECT
44
PASSIVE HOUSE: NEW CONSTRUCTION
B Y T H E N U M B E R S
$2.9 million$5.9 million
The real estate developer
sought flexible mortgage
financing that could
accommodate the
construction schedule and
needs of a highly energy
efficient buildout.
T H E C L I E N T
CHALLENGE NYCEEC partnered with BuildForward Capital and real estate developer Urban Artisan to
finance the first Passive House condominium in Manhattan. The project is a 6-unit
condominium in Harlem.
NYCEEC is the lead lender, providing a $2.9 million mortgage to cover construction costs.
NYCEEC’s loan enabled the construction of a new building efficiency standard. Passive House
is a voluntary international building standard that results in approximately 90% reduction in
heating and cooling energy use and up to a 75% reduction in total energy use compared to
current code-compliant building practices.
 First Passive House project in Manhattan
 Significant energy cost savings
 Cost-efficient funding for highly energy efficient and innovative new
construction project
 Improvements: New construction, ultra-low energy building built to Passive
House standards
O V E R V I E W & T H E N Y C E E C S O L U T I O N
T H E R E S U L T S
162%
PROJECTED
ENERGY SAVINGS
NYCEEC LOANEE PROJECT
45
RIVER ARTS
B Y T H E N U M B E R S
$350,000$350,000
River Arts wanted to
convert to natural gas to
save money and comply
with Local Law 43.
The co-op needed rapid
access to financing to join
the 158th street natural
gas cluster in order to take
advantage of the no cost
gas connection from
ConEd.
T H E C L I E N T
CHALLENGE River Arts is a 244 unit co-op overlooking the Hudson River on Riverside Drive in Lower
Washington Heights.
NYCEEC is financing 100% of the project costs by providing a $350,000 loan. NYCEEC
quickly turned around a loan for the co-op, enabling it to join the natural gas cluster and receive
a no cost gas connection from ConEd.
In addition, NYCEEC is financing the co-op’s Local Law 87 audit and retrocommissioning
report and new building management system.
 New in-unit sensors will improve tenant comfort
 Comply with Local Law 43: Clean Heat
 Comply with Local Law 87: Audits and Retro-commissioning
 Energy cost savings used to repay loan
 Significant greenhouse gas reduction
 Improvements: Heavy #6 oil to natural gas conversion, in-unit sensors
O V E R V I E W & T H E N Y C E E C S O L U T I O N
T H E R E S U L T S
146%
PROJECTED
GHG REDUCTION
NYCEEC LOAN
EE + FUEL CONVERSION
PROJECT
$80,000
PROJECTED ANNUAL
COST SAVINGS
46
FRANKLIN PLAZA
B Y T H E N U M B E R S
$285,000$3.8 million 1$2.2 million
PROJECTED ANNUAL
COST SAVINGS
Franklin Plaza was
enthusiastic about the
significant opportunity to
save money through
energy efficiency
upgrades, but lacked the
technical expertise and
financial resources to
make it happen.
Franklin Plaza was in the
process of refinancing its
mortgage with the NYC
HDC.
T H E C L I E N T
CHALLENGE Built in 1960, Franklin Plaza is an affordable multifamily co-op in East Harlem with 14
20-story buildings and 1,632 units.
Franklin Plaza sought a green mortgage from HDC’s and NYCEEC’s Program for
Energy Retrofit Loans (PERL). Through PERL, Franklin Plaza received an additional
$2 million specifically for energy upgrades, as part of a larger $36.7 million renovation
and refinancing.
NYCEEC provided the co-op with technical assistance, helping them prioritize the
energy efficiency upgrades that would modernize the facility and help keep apartments
affordable.
 Co-op included energy upgrades as part of larger capital project
 Preserved affordability and improved building comfort
 Substantially modernized facility and upgraded building systems
 Unlocked additional $1.8 million loan from NYC HPD
 Improvements: #6 oil to natural gas conversion, separation of heat and hot water systems,
elimination of wasteful steam pipe, steam distribution improvement
O V E R V I E W & T H E N Y C E E C S O L U T I O N
T H E R E S U L T S
137%
PROJECTED
GHG REDUCTION
NYCEEC
CREDIT ENHANCEMENT
EE + FUEL CONVERSION
PROJECT
47
CUBIT POWER SYSTEMS
B Y T H E N U M B E R S
$6.3 million$14.4 million
Cubit Power Systems
sought flexible, cost-
effective financing that
could match the
cogeneration project’s
construction schedule and
bridge the timing of
incentive payments.
T H E C L I E N T
CHALLENGE Cubit Power Systems sought financing to build and operate a cogeneration plant at a new
manufacturing plant in Staten Island.
The cogeneration plant will maximize the production of electricity to sell to the grid and,
secondly, maximize the use of waste heat for on-site manufacturing purposes.
NYCEEC provided a $6.3 million loan to fund the construction and operation of the
cogeneration project. Income from energy produced will repay the loan.
 Highly energy- and cost-efficient manufacturing plant
 Projected 34% energy use reduction
 Significant GHG reduction compared to traditional manufacturing processes
 Income from energy produced will repay the loan
 Improvements: Cogeneration plant
O V E R V I E W & T H E N Y C E E C S O L U T I O N
T H E R E S U L T S
12%
PROJECTED
GHG REDUCTION
NYCEEC LOAN
COGENERATION
PROJECT
34%
PROJECTED
ENERGY SAVINGS
48
SUMMARY
 Flexible  Offer a variety of custom financing solutions
 Nimble  Can close deals within 3 to 6 weeks
 Innovative  Engineers on staff provide technical support
NYCEEC provides innovative financing solutions and technical expertise
to help NYC building owners save money and transform their properties into
cleaner, greener and more affordable buildings.
49
CONTACT US.
www.nyceec.com
Posie Constable
pconstable@nyceec.com
(646) 797-4615
7/2/2015
50
Proprietary & Confidential
Investor Ready Energy Efficiency
Jeff Milum
EDF’s Investor Confidence
Project
Jeff leads the Environmental
Defense Fund’s Investor
Confidence Project (ICP), which
is implementing a system to
credential Investor Ready
Energy Efficiency™ projects.
Projects with the ICP seal will
benefit from reduced
transaction costs and actuarial
data that will unlock access to
capital markets.
Environmental Defense Fund
Investor Confidence Project
Near-Term: Increase Deal-Flow
• Increase Confidence in Savings
• Reduce Transaction Costs
• Streamline Origination Process
• Standardized Performance Data
• Project Finance Underwriting
• Enable Portfolios and Securitization
Long-Term: Market Transformation
52
Energy Efficiency Today
53
BASELINING
• Existing Building
• Drawings
• Weather File
• Energy Usage
• Energy Rates
• Occupancy
ICP Energy Performance Protocols
SAVINGS
• Model File
• Calibration Data
• Bid Packages
• Certifications
COMMISSION
• Cx Plan
• Cx Authority
• Test Procedures
• Facilities Req.
OPERATIONS
• BMS Points
• Fault Plan
• Maintenance
Plan
MEASUREME
• M&V Model
• Regression
Model
• Adjustments
• Impact
• Baseline
Adjustments
Cx
54
Investor Confidence Project Protocols
Commercial Multifamily
Large Projects
(project size >$1M)
Standard Projects
(project size <$1M)
Targeted Projects
(limited interactivity)
EPP – Standard
Commercial
EPP – Targeted
Commercial
EPP – Large
Commercial
EPP – Large
Multifamily
EPP – Targeted
Multifamily
EPP – Standard
Multifamily
55
Investor Ready Energy Efficiency™
IREE is the logo in the lobby,
like LEED but for a building
retrofit project.
59
“Energy efficiency is in a category by itself. With the
exception of one company packaging energy efficiency,
energy efficiency projects do not yet meet the
requirements of capital markets.
The industry is just too disaggregated. No two projects or
contracts are alike. Securitization is not practical or
possible under these circumstances.
Say you have 1,000 energy efficiency projects. Standard
& Poor’s would have to read 1,000 documents to assess
the risk. Fees won’t pay for that level of review.”
Michael Eckhart
Managing Director and Global Head of Finance and Sustainability at Citigroup
60
Investor Confidence Project
www.EEperformance.org
For More Information:
Jeff Milum
Market Development Consultant
Jeff.Milium@efficiency.org
415.812.9463
61
7/2/2015
62
Proprietary & Confidential
Enhanced Incentives & Rebates
Tim Lezgus
Con Edison
Business Development
Manager for Con Edison’s C&I
Energy Efficiency and Demand
Management Programs.
Tim works to educate Con
Edison’s commercial customers
and market partners of
available utility incentives to
increase the energy efficiency
of Con Edison’s customers.
63
EE Reports Webinar
June 30, 2015
64
Demand Management Program
• Con Edison still accepting new DMP
applications
• All DMP projects must be installed and
operational by June 1, 2016
• C&I Energy Efficiency program
extended until the end of 2016
• ETIP filing will layout Demand Side
Management programs beyond 2016
DMP Key Projects & Incentives
Project Current C&I
Incentives/kW
DMP
Incentive/kW
Total Customer
Benefit/kW
Thermal Storage $600 $2,000 $2,600
Battery Storage $600 $1,500 $2,100
HVAC/Controls/Process $0.16/kWh $1,250 $0.16/kWh + $1,250/kW
Lighting/LED $0.16/kWh $800 $0.16/kWh + $800/kW
DR Enablement $200 $600 $800
Non-Electric AC Steam AC Program $500-$1,000
CHP Incentives have not changed from original program. See:
NYSERDA PON 2568
Load Reduction Additional Bonus
Projects over 500kW Additional 10% of kW incentive
Projects over 1MW Additional 15% of kW incentive
Bonus first
installed, first
paid
65
Demand Response Enablement
• Facility must register in the New York Independent System
Operator (NYISO) Installed Capacity (ICAP) Special Case
Resources (SCR) Program; Proof of enrollment required
• Support for new DR equipment and software will not
exceed the incremental kW enabled to the NYISO ICAP
SCR Program
• New or existing generators – must permitted to
participate in Demand Response
• In addition to the NYISO SCR program, customers are also
eligible, but not required, to enroll in the Con Edison CSRP
and DLRP
66
67
Commercial Real Estate – other measures
to consider
Electric:
• Lighting/LEDs/Occupancy
Sensors/Exterior Lighting
• Motor Replacements/Variable
Frequency Drives on Motors and Air
Handling Units
• Air Damper replacements
• Building Management/Energy
Management Controls Systems
• Elevator Motor/Controller replacements
• Kitchen/Refrigeration Equipment
• Plug Loads
• Data Center/IS/IT Infrastructure
Upgrades
Gas:
– Boiler/Hot
Water
Heater/Chiller
replacements
– Set-back
thermostats
– Insulation
Case Study - LED Lighting Upgrade
Overview
• Large office building, Midtown
Manhattan
• 595K square feet, 27 floors
• Project description: Lighting fixture
replacement in tenant areas
• Technology: 2L CFL fixture to 2L
LED engine
68
Before After Difference
Incentive $132,000 $262,000 $130,000
Payback 2.2 years 1.5 years 7 months earlier
68
Case Study - BMS Upgrade Overview
• Large office building, Midtown
• 1.7 million square feet, 42 floors
• Project Description: Replace old
pneumatic system with new direct
digital control (DDC) for better control
of building’s Chiller Plant and Air
Handlers
• Technology: Install new DDC
controllers and flat-screen monitoring
systems for the building control room
69
Before After Difference
Incentive $94,000 $450,000 $356,000
Payback 5.7 years 3.2 years 2.5 years earlier
69
Thank You!
1-877-870-6118
commercial.coned.com
demandmanagement@coned.com
7/2/2015
71
Proprietary & Confidential
Q&A
Higher Net
Operating
Income
Higher
Rental
Revenues
Higher
Property
Values
Lower
Operating
Costs
Lower
Vacancy
Rates
Lower
Maintenance
Costs
Proven
Building
Owner
Benefits
Thank you for participating!
For more information, email
info@EEreports.com
And visit our website
EEreports.com
EE Reports is your go-to source for the latest
breakthroughs in energy efficiency
technologies, unbiased product reviews, and
project financing that will help you get the
most out of your energy efficiency
investment.
Our team of EE consultants will provide
impartial, proven practical solutions that will
make a significant impact on your bottom
line.

Contenu connexe

Tendances

PGE Profiting from EE PDF
PGE Profiting from EE PDFPGE Profiting from EE PDF
PGE Profiting from EE PDF
Rick Williams
 
Spotlight On LED Retrofit
Spotlight On LED RetrofitSpotlight On LED Retrofit
Spotlight On LED Retrofit
Ijaz Rauf
 
110531-SBA-Healthcare Brochure_r1-LowRes-ALL-FINAL
110531-SBA-Healthcare Brochure_r1-LowRes-ALL-FINAL110531-SBA-Healthcare Brochure_r1-LowRes-ALL-FINAL
110531-SBA-Healthcare Brochure_r1-LowRes-ALL-FINAL
Jason Laws, PMP
 
FS-MRE-ECM-Whitepaper-1016-REV2
FS-MRE-ECM-Whitepaper-1016-REV2FS-MRE-ECM-Whitepaper-1016-REV2
FS-MRE-ECM-Whitepaper-1016-REV2
April Scarlett
 
8315 - U of C 75 kW Array WhiteSheet
8315 - U of C 75 kW Array WhiteSheet8315 - U of C 75 kW Array WhiteSheet
8315 - U of C 75 kW Array WhiteSheet
Brian Kraenzle
 

Tendances (20)

AgroNomics vision 2014 - On Farm Energy Independence
AgroNomics vision 2014 - On Farm Energy IndependenceAgroNomics vision 2014 - On Farm Energy Independence
AgroNomics vision 2014 - On Farm Energy Independence
 
PGE Profiting from EE PDF
PGE Profiting from EE PDFPGE Profiting from EE PDF
PGE Profiting from EE PDF
 
CIB World Building Congress Presentation: Life Cycle Energy Analysis of Resid...
CIB World Building Congress Presentation: Life Cycle Energy Analysis of Resid...CIB World Building Congress Presentation: Life Cycle Energy Analysis of Resid...
CIB World Building Congress Presentation: Life Cycle Energy Analysis of Resid...
 
Spotlight On LED Retrofit
Spotlight On LED RetrofitSpotlight On LED Retrofit
Spotlight On LED Retrofit
 
Achieving net zero energy at scale gb12 111512
Achieving net zero energy at scale gb12 111512Achieving net zero energy at scale gb12 111512
Achieving net zero energy at scale gb12 111512
 
Realizing the Economic Impacts of Energy Efficiency in Pennsylvania
Realizing the Economic Impacts of Energy Efficiency in PennsylvaniaRealizing the Economic Impacts of Energy Efficiency in Pennsylvania
Realizing the Economic Impacts of Energy Efficiency in Pennsylvania
 
The role of delivered performance june2009
The role of delivered performance june2009The role of delivered performance june2009
The role of delivered performance june2009
 
110531-SBA-Healthcare Brochure_r1-LowRes-ALL-FINAL
110531-SBA-Healthcare Brochure_r1-LowRes-ALL-FINAL110531-SBA-Healthcare Brochure_r1-LowRes-ALL-FINAL
110531-SBA-Healthcare Brochure_r1-LowRes-ALL-FINAL
 
2011 expo-smart grn-energy
2011 expo-smart grn-energy2011 expo-smart grn-energy
2011 expo-smart grn-energy
 
Energy Efficiency Projects: lighting toolkit
Energy Efficiency Projects: lighting toolkitEnergy Efficiency Projects: lighting toolkit
Energy Efficiency Projects: lighting toolkit
 
Energy Efficiency Implementation in Japan
Energy Efficiency Implementation  in JapanEnergy Efficiency Implementation  in Japan
Energy Efficiency Implementation in Japan
 
High Performance Design in Oregon, Two Regional Case Studies
High Performance Design in Oregon, Two Regional Case StudiesHigh Performance Design in Oregon, Two Regional Case Studies
High Performance Design in Oregon, Two Regional Case Studies
 
ASHRAE Virtual Design and Construction Conference March 2021- Development of ...
ASHRAE Virtual Design and Construction Conference March 2021- Development of ...ASHRAE Virtual Design and Construction Conference March 2021- Development of ...
ASHRAE Virtual Design and Construction Conference March 2021- Development of ...
 
FS-MRE-ECM-Whitepaper-1016-REV2
FS-MRE-ECM-Whitepaper-1016-REV2FS-MRE-ECM-Whitepaper-1016-REV2
FS-MRE-ECM-Whitepaper-1016-REV2
 
Energy Modeling 2009 Presentation
Energy Modeling 2009 PresentationEnergy Modeling 2009 Presentation
Energy Modeling 2009 Presentation
 
Building a Sustainable Data Center
Building a Sustainable Data CenterBuilding a Sustainable Data Center
Building a Sustainable Data Center
 
BEA deck 2.22.13
BEA deck   2.22.13BEA deck   2.22.13
BEA deck 2.22.13
 
AlveCor Energy Solutions Referral Program
AlveCor Energy Solutions Referral ProgramAlveCor Energy Solutions Referral Program
AlveCor Energy Solutions Referral Program
 
8315 - U of C 75 kW Array WhiteSheet
8315 - U of C 75 kW Array WhiteSheet8315 - U of C 75 kW Array WhiteSheet
8315 - U of C 75 kW Array WhiteSheet
 
How to Win an Investment Approval from your Board
How to Win an Investment Approval from your BoardHow to Win an Investment Approval from your Board
How to Win an Investment Approval from your Board
 

Similaire à Huge ‘Untapped’ Financial Benefits Exclusively For NYC Building Owners

Final danny krueger lime energy july 2010
Final danny krueger lime energy july 2010Final danny krueger lime energy july 2010
Final danny krueger lime energy july 2010
limeenergysurveys
 
GGE presentation - ENG
GGE presentation - ENGGGE presentation - ENG
GGE presentation - ENG
Jure Zadravec
 
Bernie Kotlier - Energy Efficiency
Bernie Kotlier - Energy EfficiencyBernie Kotlier - Energy Efficiency
Bernie Kotlier - Energy Efficiency
Contract Cities
 
Perfect Sense Brochure
Perfect Sense BrochurePerfect Sense Brochure
Perfect Sense Brochure
Ryan Thomas
 
13th Annual Chamber Energy Conference - EE Funding
13th Annual Chamber Energy Conference - EE Funding13th Annual Chamber Energy Conference - EE Funding
13th Annual Chamber Energy Conference - EE Funding
Tim Rushenberg
 
Lunch N Learn Ppt 09 01
Lunch N Learn Ppt 09 01Lunch N Learn Ppt 09 01
Lunch N Learn Ppt 09 01
rpekowski
 

Similaire à Huge ‘Untapped’ Financial Benefits Exclusively For NYC Building Owners (20)

Dave Laybourn For CIty Of Industry April 7 2009
Dave Laybourn For CIty Of Industry April 7 2009Dave Laybourn For CIty Of Industry April 7 2009
Dave Laybourn For CIty Of Industry April 7 2009
 
GRESB Greenbuild 2017 PACE Financing
GRESB Greenbuild 2017 PACE Financing GRESB Greenbuild 2017 PACE Financing
GRESB Greenbuild 2017 PACE Financing
 
Research Support Facility: Three years of net zero operations, occupants, and...
Research Support Facility: Three years of net zero operations, occupants, and...Research Support Facility: Three years of net zero operations, occupants, and...
Research Support Facility: Three years of net zero operations, occupants, and...
 
No Customer Name Dan Parke For Baking (Aba) June 16 2009
No Customer Name Dan Parke For Baking (Aba) June 16 2009No Customer Name Dan Parke For Baking (Aba) June 16 2009
No Customer Name Dan Parke For Baking (Aba) June 16 2009
 
SBC on energy efficiency for SMEs Dec 2015
SBC on energy efficiency for SMEs Dec 2015SBC on energy efficiency for SMEs Dec 2015
SBC on energy efficiency for SMEs Dec 2015
 
Energy Chek Brochure Plus Rev6
Energy Chek Brochure Plus Rev6Energy Chek Brochure Plus Rev6
Energy Chek Brochure Plus Rev6
 
Final danny krueger lime energy july 2010
Final danny krueger lime energy july 2010Final danny krueger lime energy july 2010
Final danny krueger lime energy july 2010
 
GGE presentation - ENG
GGE presentation - ENGGGE presentation - ENG
GGE presentation - ENG
 
Derisking energy efficiency project investment
Derisking energy efficiency project investmentDerisking energy efficiency project investment
Derisking energy efficiency project investment
 
Bernie Kotlier - Energy Efficiency
Bernie Kotlier - Energy EfficiencyBernie Kotlier - Energy Efficiency
Bernie Kotlier - Energy Efficiency
 
Perfect Sense Brochure
Perfect Sense BrochurePerfect Sense Brochure
Perfect Sense Brochure
 
Monterey green buildings
Monterey green buildingsMonterey green buildings
Monterey green buildings
 
13th Annual Chamber Energy Conference - EE Funding
13th Annual Chamber Energy Conference - EE Funding13th Annual Chamber Energy Conference - EE Funding
13th Annual Chamber Energy Conference - EE Funding
 
Barrier Electric Commercial Solar
Barrier Electric Commercial SolarBarrier Electric Commercial Solar
Barrier Electric Commercial Solar
 
Gc going green step by step
Gc going green step by stepGc going green step by step
Gc going green step by step
 
Oxford event 29 march 2011 jane edit
Oxford event 29 march 2011 jane editOxford event 29 march 2011 jane edit
Oxford event 29 march 2011 jane edit
 
O2ne draft white
O2ne draft whiteO2ne draft white
O2ne draft white
 
Lunch N Learn Ppt 09 01
Lunch N Learn Ppt 09 01Lunch N Learn Ppt 09 01
Lunch N Learn Ppt 09 01
 
Top 10 Products That Save Money - David McDougall, EnerNOC
Top 10 Products That Save Money - David McDougall, EnerNOCTop 10 Products That Save Money - David McDougall, EnerNOC
Top 10 Products That Save Money - David McDougall, EnerNOC
 
Team 4
Team 4Team 4
Team 4
 

Plus de EEReports.com

Plus de EEReports.com (9)

EE Reports Submetering 102 Guide
EE Reports Submetering 102 GuideEE Reports Submetering 102 Guide
EE Reports Submetering 102 Guide
 
EE Reports Metering 101a: How Submetering Works
EE Reports Metering 101a: How Submetering WorksEE Reports Metering 101a: How Submetering Works
EE Reports Metering 101a: How Submetering Works
 
EE Reports Metering 101 Guide: Benefits and Applications of Submetering
EE Reports Metering 101 Guide: Benefits and Applications of SubmeteringEE Reports Metering 101 Guide: Benefits and Applications of Submetering
EE Reports Metering 101 Guide: Benefits and Applications of Submetering
 
EE Reports VRF Guide
EE Reports VRF GuideEE Reports VRF Guide
EE Reports VRF Guide
 
179D Tax Break for Energy Efficient Buildings
179D Tax Break for Energy Efficient Buildings179D Tax Break for Energy Efficient Buildings
179D Tax Break for Energy Efficient Buildings
 
EE Reports community_solar_gardens
EE Reports community_solar_gardensEE Reports community_solar_gardens
EE Reports community_solar_gardens
 
Ny solar pv guide
Ny solar pv guideNy solar pv guide
Ny solar pv guide
 
Metering and Submetering Guide for Contractors
Metering and Submetering Guide for ContractorsMetering and Submetering Guide for Contractors
Metering and Submetering Guide for Contractors
 
NY REV: How You Can Take Advantage of New York's Revolutionary Vision
NY REV: How You Can Take Advantage of New York's Revolutionary VisionNY REV: How You Can Take Advantage of New York's Revolutionary Vision
NY REV: How You Can Take Advantage of New York's Revolutionary Vision
 

Dernier

Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 35 (Gurgaon)
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 35 (Gurgaon)Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 35 (Gurgaon)
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 35 (Gurgaon)
delhi24hrs1
 
Low Rate ✨➥9711108085▻✨Call Girls In East Of Kailash (E.K) (Delhi)
Low Rate ✨➥9711108085▻✨Call Girls In East Of Kailash (E.K) (Delhi)Low Rate ✨➥9711108085▻✨Call Girls In East Of Kailash (E.K) (Delhi)
Low Rate ✨➥9711108085▻✨Call Girls In East Of Kailash (E.K) (Delhi)
delhi24hrs1
 
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 23 (Gurgaon)
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 23 (Gurgaon)Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 23 (Gurgaon)
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 23 (Gurgaon)
delhi24hrs1
 
MEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
MEQ Mainstreet Equity Corp Q2 2024 Investor PresentationMEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
MEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
MEQ - Mainstreet Equity Corp.
 
BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...
BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...
BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...
ApartmentWala1
 
Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)
Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)
Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)
asmaqueen5
 
Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...
Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...
Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...
ApartmentWala1
 

Dernier (20)

Nyati Elite NIBM Road Pune E Brochure.pdf
Nyati Elite NIBM Road Pune E Brochure.pdfNyati Elite NIBM Road Pune E Brochure.pdf
Nyati Elite NIBM Road Pune E Brochure.pdf
 
Eldeco Dwarka Project In Delhi-brochure.pdf.pdf
Eldeco Dwarka Project In Delhi-brochure.pdf.pdfEldeco Dwarka Project In Delhi-brochure.pdf.pdf
Eldeco Dwarka Project In Delhi-brochure.pdf.pdf
 
Jaipur Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Jaipur Escorts 🥰 8617370543 Call Girls Offer VIP Hot GirlsJaipur Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Jaipur Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
 
SVN Live 5.13.24 Weekly Property Broadcast
SVN Live 5.13.24 Weekly Property BroadcastSVN Live 5.13.24 Weekly Property Broadcast
SVN Live 5.13.24 Weekly Property Broadcast
 
San Francisco Market Update -February 2024
San Francisco Market Update -February 2024San Francisco Market Update -February 2024
San Francisco Market Update -February 2024
 
Dynamic Grandeur Undri Pune | A Space For You To Find Your Space
Dynamic Grandeur Undri Pune | A Space For You To Find Your SpaceDynamic Grandeur Undri Pune | A Space For You To Find Your Space
Dynamic Grandeur Undri Pune | A Space For You To Find Your Space
 
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 35 (Gurgaon)
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 35 (Gurgaon)Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 35 (Gurgaon)
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 35 (Gurgaon)
 
Bridge & Elliot Ladner Floor Plans May 2024.pdf
Bridge & Elliot Ladner Floor Plans May 2024.pdfBridge & Elliot Ladner Floor Plans May 2024.pdf
Bridge & Elliot Ladner Floor Plans May 2024.pdf
 
Yashwin Enchante Uppar Kharadi Pune E-Brochue.pdf
Yashwin Enchante Uppar Kharadi Pune  E-Brochue.pdfYashwin Enchante Uppar Kharadi Pune  E-Brochue.pdf
Yashwin Enchante Uppar Kharadi Pune E-Brochue.pdf
 
Low Rate ✨➥9711108085▻✨Call Girls In East Of Kailash (E.K) (Delhi)
Low Rate ✨➥9711108085▻✨Call Girls In East Of Kailash (E.K) (Delhi)Low Rate ✨➥9711108085▻✨Call Girls In East Of Kailash (E.K) (Delhi)
Low Rate ✨➥9711108085▻✨Call Girls In East Of Kailash (E.K) (Delhi)
 
Yedi Mavi TOBB Zeytinburnu - Listing Turkey
Yedi Mavi TOBB Zeytinburnu - Listing TurkeyYedi Mavi TOBB Zeytinburnu - Listing Turkey
Yedi Mavi TOBB Zeytinburnu - Listing Turkey
 
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 23 (Gurgaon)
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 23 (Gurgaon)Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 23 (Gurgaon)
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 23 (Gurgaon)
 
MEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
MEQ Mainstreet Equity Corp Q2 2024 Investor PresentationMEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
MEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
 
Ganga Platinum Kharadi Pune brochure.pdf
Ganga Platinum Kharadi Pune brochure.pdfGanga Platinum Kharadi Pune brochure.pdf
Ganga Platinum Kharadi Pune brochure.pdf
 
BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...
BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...
BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...
 
Housing Price Regulation Thesis Defense by Slidesgo.pptx
Housing Price Regulation Thesis Defense by Slidesgo.pptxHousing Price Regulation Thesis Defense by Slidesgo.pptx
Housing Price Regulation Thesis Defense by Slidesgo.pptx
 
Vanam At Purva Soukhyam Guduvanchery.pdf.pdf
Vanam At Purva Soukhyam Guduvanchery.pdf.pdfVanam At Purva Soukhyam Guduvanchery.pdf.pdf
Vanam At Purva Soukhyam Guduvanchery.pdf.pdf
 
Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)
Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)
Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)
 
Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...
Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...
Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...
 
Best Interior Design Services in Haldwani
Best Interior Design Services in HaldwaniBest Interior Design Services in Haldwani
Best Interior Design Services in Haldwani
 

Huge ‘Untapped’ Financial Benefits Exclusively For NYC Building Owners

  • 1.
  • 2. 7/2/2015 1 Proprietary & Confidential Our Goals Today – Your Takeaways
  • 3. 7/2/2015 2 Proprietary & Confidential The Value of Energy Data George Belich Energy ISA / EE Reports 35 years in the energy industry as a Software engineer, systems integrator, hardware developer, product manager and entrepreneur. George has a proven track record of bringing various vendor solutions and technologies together within the energy management field.
  • 4. 7/2/2015 3 Proprietary & Confidential Valuable data can lead the way Requirements can be problems but this is an opportunity The fine is much less than the long term gains 36 months of utility bill data can be revealing and reasonably implemented More participants will allow for cost effective programs from utilities and energy suppliers Initial years of data showing overall savings You are working with a constantly evolving tool
  • 7. 7/2/2015 6 Proprietary & Confidential The Score? Define your building and utilities Compare to others Define Data normalized to weather Measuring stick to your energy plan
  • 9. 7/2/2015 8 Proprietary & Confidential Targets and Baselines Where do you want to be? Select a base line year Select a target for the next year
  • 10. 7/2/2015 9 Proprietary & Confidential Why Is Your EUI Not Improving? Perform the same analysis Upward trends show some asset has lost its way Note slight rise in cost here This may be a high demand due to some operation
  • 11. 7/2/2015 10 Proprietary & Confidential Simple Analytics Usage vs. Demand The idea is to have a flat of a line as possible From your utility bills take the simple relationship of monthly demand to monthly usage Load factor is the total usage divided by the usage if you operated at the demand level for the whole month Close to 100 is ideal but not possible most of the time due to building operational requirements Low load factor implies the demand may be to high for the operational period. Detailed load profile data from a utility or sub meter may be required to determine the time frame that this occurred in. Good Load Factor Bad Load Factor
  • 12. 7/2/2015 11 Proprietary & Confidential Taking On Projects Have an energy efficiency audit done Begin actions for efficiency Obtain more detailed data from sub meters Implement systems for energy management Measure and verify your projects
  • 13. 7/2/2015 12 Proprietary & Confidential The Roadmap to Opportunities Marc Karell CCES /EE Reports Licensed Professional Engineer (P.E.), Certified Energy Manager (CEM), and Existing Building Certification Professional (EBCP), with over 25 years of experience. Marc has a proven track record of reliably performing energy upgrades and complying with current energy regulations – and does so for the greatest cost benefit.
  • 14. 7/2/2015 13 Proprietary & Confidential Now that you know how much energy your building uses, you can use that information to save lots of money!
  • 15. 7/2/2015 14 Proprietary & Confidential LL 87 Required Energy Work  Retro-commissioning certified by professional (i.e., EBCP) is a study reviewing your current systems to ensure you are getting your money’s worth in operating your systems – LL 87 contains 28 areas that must be reviewed – Low/no-cost upgrades of systems operating improperly must be implemented  Energy audit (ASHRAE II) certified by professional P.E. or CEM – Interviews with operating personnel – Review historic energy use data – Site visits to see and review all major energy using equipment and building – Estimate energy usage of different functions (HVAC, lighting, etc.) – Develop ECMs to save you energy and costs  You do not HAVE to implement the ECMs, but ……
  • 16. 7/2/2015 15 Proprietary & Confidential Don’t Think of LL 87 As Only for Compliance, It Is An Opportunity For Great Financial Benefits Yes, reports must be submitted on time or else! And poor reports may be rejected and made to be re-done! But there are also many positive benefits. It gives you info to upgrade your systems to save you a lot of $! Audit ECMs result in significant energy cost savings, good paybacks, and strong ROIs. And incentives and low interest loans exist for positive cash flow.
  • 17. 7/2/2015 16 Proprietary & Confidential ECMs Feasible, site-specific strategies to improve your energy efficiency, reducing your energy usage and costs. All result in major energy cost savings that will pay back initial capital costs and much more. – Energy is a growing segment in a building’s cost and with rising energy rates in the future. And there are many secondary financial benefits, too.
  • 18. 7/2/2015 17 Proprietary & Confidential Additional Financial Benefits On Top Of Direct Cost Savings  A more energy efficient building attracts more potential tenants: – Higher rents, greater re-sale value. – You have the upper hand!  Lower O&M costs. For example, your O&M staff will need to replace LED lights much less often than others, freeing them for other tasks. This: – Reduces your costs even further, – Allows you to better meet deadlines, and – Reduces risk of accidents of staff going up on cherry pickers and ladders.
  • 19. 7/2/2015 18 Proprietary & Confidential Additional Financial Benefits On Top Of Direct Cost Savings New ECM technologies also results in reduced capital expenses and storage space requirements. Better comfort and lighting improves worker productivity and retail sales. Not hypothetical: proven! – Studies show that better temperature control and better lighting result in more focused and productive workers and happier shoppers.
  • 20. 7/2/2015 19 Proprietary & Confidential ECM Case Study: Light Industrial/Office Buildings Two light industrial/office buildings wished to reduce their high energy costs and had a professional energy audit done, revealing a number of ECMs; building owner implemented most, including: – Replacement of windows – Installation of new insulation on exterior walls and roof – Fuel switched from No. 6 oil to natural gas and new, more efficient boiler – Installation of new temperature control system – Lighting upgrade – Installation of solar hot water and PV systems Building owner realized these benefits from the ECMs: – Reduced energy costs in first year by over 60% – Allowed owner to renovate a rarely used portion of building, allowing them to rent it, bringing in additional revenue – Significantly reduced time spent in O&M, freeing staff for other tasks – Improved comfort level of staff, raising productivity
  • 21. 7/2/2015 20 Proprietary & Confidential Proven Advanced EE Technologies Andy Padian PadianNYC Consulting/NESEA 30 years of experience in the unique building science of multifamily buildings, and has performed detailed energy analysis on hundreds of buildings across the country. Mr. Padian is a frequent contributor to energy and sustainable publications, and has spoken at numerous conferences across the country over the last 30 years.
  • 22. Anytime you look at a group of your buildings, the difference in energy use per square foot always looks like these graphs: 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 1 22 43 64 85 106 127 148 169 190 211 232 253 274 Series1 0 5 10 15 20 25 30 35 40 Heat Hot Water 0 20 40 60 80 100 120 <200 200-249 250-299 300-399 400-499 500-599 600-699 700-799 Dual Fuel Oil Gas Drop Page Fields Here Count of Fuel/Room Range FUEL TYPE Fuel Cost/Room ($) 0 5 10 15 20 25 30 35 40 45 50 1 ($/ft2/Year) 21 Proprietary & Confidential
  • 23. As stated previously, that is why it is important to find out how much energy you are using, and which devices/appliances/systems are causing you the greatest usage and cost. 22 Proprietary & Confidential
  • 24. Let’s Look at lighting for a minute • 20 years ago, we converted incandescent to fluorescent, saved 66% with 500% increase in lifetime • Today, you can take that lighting out, save another 50% and with another 500% increase in lifetime 23 Proprietary & Confidential
  • 25. Energy Efficiency & Energy Costs Light Emitting Diodes (LEDs) Incandescent Light Bulbs Compact Fluorescents (CFLs) Life Span (average) 50,000 hours 1,200 hours 8,000 hours Watts of electricity used (equivalent to 60 watt bulb). 6 - 8 watts 60 watts 13-15 watts Kilowatts of Electricity used (30 Incandescent Bulbs per year equivalent) 329 KWh/yr. 3285 KWh/yr. 767 KWh/yr. Annual Operating Cost (30 Incandescent Bulbs per year equivalent) $32.85/year $328.59/year $76.65/year Chart courtesy of : http://www.designrecycleinc.com/led%20comp%20chart.html Lighting Comparisons: Watts, Hours, Costs 24 Proprietary & Confidential
  • 26. Remember Your Old Hot Water Maker? Old Model 50% Efficient New Model 90+ Efficient And there is a much more efficient way to generate hot water and save more energy 25 Proprietary & Confidential
  • 27. Combined Heat and Power (CHP) and Tri-Generation Cogeneration or combined heat and power (CHP) is the use of a heat engine or power station to generate electricity and useful heat at the same time. Trigeneration or combined cooling, heat and power (CCHP) refers to the simultaneous generation of electricity and useful heating and cooling from the combustion of a fuel or a solar heat collector. 26 Proprietary & Confidential
  • 30. Chiller/HVAC/ Controls/Process Efficiency • Many building still manually controlled • Maintenance/Management making daily decisions • Too much time spent running systems • Need better control systems with excellent documentation • Off the shelf or custom? • Great when coupled with Smart Thermostats and Cloud-based Automation Solutions 29 Proprietary & Confidential
  • 31. Fuel Switching • If coupled with an energy efficiency retrofit, usually a great idea • Changing boilers, make sure you’re increasing efficiency • Gas is cheaper than oil now, wasn’t 10 years ago • Fuel flexibility is always a good idea 30 Proprietary & Confidential
  • 32. Other Simple Cutting Edge Technologies • Thermal and Battery Storage • Demand Response Enablement 31 Proprietary & Confidential
  • 33. 7/2/2015 32 Proprietary & Confidential No/Low Cost Financing Options Posie Constable NYC Energy Efficiency Corporation Posie heads NYCEEC’s efforts to create the financial innovation to help NYC’s building owners and project developers implement clean energy projects such as heating system conversions, solar thermal and solar PV, efficient lighting retrofits, cogeneration, passive house construction and other technologies.
  • 34. Leading Innovation in Clean Energy Finance J u n e 3 0 , 2 0 1 5
  • 35. 34 NYCEEC’s OBJECTIVE FOR THIS WEBINAR  Introduce NYCEEC  Tell you about NYCEEC’s flexible financing in NYC − Fund up to 100% of project costs − Partners with all incentive providers − Use savings to pay back loan  Learn about your projects that need financing NYCEEC can tailor a financing solution to meet your project needs
  • 36. 35 ABOUT NYCEEC  Established in 2011, NYCEEC is a non-profit specialty finance company that develops financing solutions for projects that save energy or reduce greenhouse gases  NYCEEC provides loans and technical expertise to make NYC buildings cleaner, greener and more affordable  NYCEEC was initially funded and supported by the US Department of Energy, City of New York and private philanthropic foundations
  • 37. 36 OUR IMPACT As of March 2015.
  • 38. 37 LOANS FOR CLEAN ENERGY PROJECTS Energy Efficiency  HVAC equipment upgrades  Lighting upgrades  Building management systems  Controls Clean Fuel Conversion  Converting from dirty oil to cleaner alternatives Renewables  Solar PV  Solar thermal Cogeneration  Combined heat power (CHP)  Fuel cells Demand Response  Demand response enablement  Battery storage NYCEEC provides financing for a broad range of projects, including:
  • 39. 38 NYCEEC LOAN BENEFITS Up to $6 million for clean energy projects Technical guidance Flexible loan structure  Up to 100% upfront equipment costs  Clean energy project analysis  Interest-only loans  Multiple draws  Capitalized interest  Partners with all incentive providers  Generally no additional requirements above the incentive programs  Finance costs not covered by incentives  Construction costs  Engineering quality assurance  Soft costs (energy surveys)  Performance evaluation
  • 40. 39 DIRECT LENDING: POTENTIAL PROJECTS Borrowers can be building owners, vendors and project developers Commercial buildings (office, retail, hospitality, etc.) Healthcare & educational Facilities (universities, K-12, non-profit and religious facilities) Multifamily (co-op, condo, rentals, over 5 units) Ineligible: municipal buildings and single family Property types including:
  • 41. 40 INDICATIVE PROGRAM TERMS  Flexible financing solutions to meet borrowers’ needs  Deals can be closed within 3-6 weeks  Financing is subject to final credit approval Loan to cost Up to 100% of project costs Loan size Minimum $30,000; maximum $6,000,000 Term 3 to 10 years (Average: 5-7 years) Average Interest Rate 6-7.5% Amortization Fully amortizing loans over term of the loan
  • 42. 41 LOAN PROCESS  Contact NYCEEC  Complete NYCEEC Application  NYCEEC reviews loan package  Potential site visit with NYCEEC engineers  Credit review and approval  Loan disbursement  Construction 1. Scope Project 2. Structure Loan 3. Finalize Loan
  • 43. TITLE OF THIS PRESENTATION S E P T E M B E R 2 3 2 0 1 5 DEAL SPOTLIGHTS
  • 44. 43 ROOSEVELT LANDINGS B Y T H E N U M B E R S $5 million$7.4 million 1$818,000 PROJECTED ANNUAL COST SAVINGS Roosevelt Landings wanted to upgrade outdated systems and improve the complex’s resiliency. The project’s technical complexity and long payback meant that traditional loans were not available. T H E C L I E N T CHALLENGE Roosevelt Landings is a mixed-income multifamily complex, consisting of 9 buildings and over 1,000 multifamily dwellings. NYCEEC’s expertise was key to structuring a financing strategy that made sense for Roosevelt Landings and unlocked significant energy efficiency investment potential. NYCEEC provided a $5 million loan under a combined energy services agreement and power purchase agreement structure to fund energy efficiency measures and cogeneration.  Construction began with no upfront costs  Energy cost savings used to repay loan  Pioneering use of ESA to finance EE in multifamily sector  Largest multifamily air sealing project to date  Improvements: Cogeneration, whole-building air sealing, floor slab insulation, networked programmable thermostats and high-efficiency boilers O V E R V I E W & T H E N Y C E E C S O L U T I O N T H E R E S U L T S 118% PROJECTED ENERGY SAVINGS NYCEEC LOANEE + COGEN PROJECT
  • 45. 44 PASSIVE HOUSE: NEW CONSTRUCTION B Y T H E N U M B E R S $2.9 million$5.9 million The real estate developer sought flexible mortgage financing that could accommodate the construction schedule and needs of a highly energy efficient buildout. T H E C L I E N T CHALLENGE NYCEEC partnered with BuildForward Capital and real estate developer Urban Artisan to finance the first Passive House condominium in Manhattan. The project is a 6-unit condominium in Harlem. NYCEEC is the lead lender, providing a $2.9 million mortgage to cover construction costs. NYCEEC’s loan enabled the construction of a new building efficiency standard. Passive House is a voluntary international building standard that results in approximately 90% reduction in heating and cooling energy use and up to a 75% reduction in total energy use compared to current code-compliant building practices.  First Passive House project in Manhattan  Significant energy cost savings  Cost-efficient funding for highly energy efficient and innovative new construction project  Improvements: New construction, ultra-low energy building built to Passive House standards O V E R V I E W & T H E N Y C E E C S O L U T I O N T H E R E S U L T S 162% PROJECTED ENERGY SAVINGS NYCEEC LOANEE PROJECT
  • 46. 45 RIVER ARTS B Y T H E N U M B E R S $350,000$350,000 River Arts wanted to convert to natural gas to save money and comply with Local Law 43. The co-op needed rapid access to financing to join the 158th street natural gas cluster in order to take advantage of the no cost gas connection from ConEd. T H E C L I E N T CHALLENGE River Arts is a 244 unit co-op overlooking the Hudson River on Riverside Drive in Lower Washington Heights. NYCEEC is financing 100% of the project costs by providing a $350,000 loan. NYCEEC quickly turned around a loan for the co-op, enabling it to join the natural gas cluster and receive a no cost gas connection from ConEd. In addition, NYCEEC is financing the co-op’s Local Law 87 audit and retrocommissioning report and new building management system.  New in-unit sensors will improve tenant comfort  Comply with Local Law 43: Clean Heat  Comply with Local Law 87: Audits and Retro-commissioning  Energy cost savings used to repay loan  Significant greenhouse gas reduction  Improvements: Heavy #6 oil to natural gas conversion, in-unit sensors O V E R V I E W & T H E N Y C E E C S O L U T I O N T H E R E S U L T S 146% PROJECTED GHG REDUCTION NYCEEC LOAN EE + FUEL CONVERSION PROJECT $80,000 PROJECTED ANNUAL COST SAVINGS
  • 47. 46 FRANKLIN PLAZA B Y T H E N U M B E R S $285,000$3.8 million 1$2.2 million PROJECTED ANNUAL COST SAVINGS Franklin Plaza was enthusiastic about the significant opportunity to save money through energy efficiency upgrades, but lacked the technical expertise and financial resources to make it happen. Franklin Plaza was in the process of refinancing its mortgage with the NYC HDC. T H E C L I E N T CHALLENGE Built in 1960, Franklin Plaza is an affordable multifamily co-op in East Harlem with 14 20-story buildings and 1,632 units. Franklin Plaza sought a green mortgage from HDC’s and NYCEEC’s Program for Energy Retrofit Loans (PERL). Through PERL, Franklin Plaza received an additional $2 million specifically for energy upgrades, as part of a larger $36.7 million renovation and refinancing. NYCEEC provided the co-op with technical assistance, helping them prioritize the energy efficiency upgrades that would modernize the facility and help keep apartments affordable.  Co-op included energy upgrades as part of larger capital project  Preserved affordability and improved building comfort  Substantially modernized facility and upgraded building systems  Unlocked additional $1.8 million loan from NYC HPD  Improvements: #6 oil to natural gas conversion, separation of heat and hot water systems, elimination of wasteful steam pipe, steam distribution improvement O V E R V I E W & T H E N Y C E E C S O L U T I O N T H E R E S U L T S 137% PROJECTED GHG REDUCTION NYCEEC CREDIT ENHANCEMENT EE + FUEL CONVERSION PROJECT
  • 48. 47 CUBIT POWER SYSTEMS B Y T H E N U M B E R S $6.3 million$14.4 million Cubit Power Systems sought flexible, cost- effective financing that could match the cogeneration project’s construction schedule and bridge the timing of incentive payments. T H E C L I E N T CHALLENGE Cubit Power Systems sought financing to build and operate a cogeneration plant at a new manufacturing plant in Staten Island. The cogeneration plant will maximize the production of electricity to sell to the grid and, secondly, maximize the use of waste heat for on-site manufacturing purposes. NYCEEC provided a $6.3 million loan to fund the construction and operation of the cogeneration project. Income from energy produced will repay the loan.  Highly energy- and cost-efficient manufacturing plant  Projected 34% energy use reduction  Significant GHG reduction compared to traditional manufacturing processes  Income from energy produced will repay the loan  Improvements: Cogeneration plant O V E R V I E W & T H E N Y C E E C S O L U T I O N T H E R E S U L T S 12% PROJECTED GHG REDUCTION NYCEEC LOAN COGENERATION PROJECT 34% PROJECTED ENERGY SAVINGS
  • 49. 48 SUMMARY  Flexible  Offer a variety of custom financing solutions  Nimble  Can close deals within 3 to 6 weeks  Innovative  Engineers on staff provide technical support NYCEEC provides innovative financing solutions and technical expertise to help NYC building owners save money and transform their properties into cleaner, greener and more affordable buildings.
  • 51. 7/2/2015 50 Proprietary & Confidential Investor Ready Energy Efficiency Jeff Milum EDF’s Investor Confidence Project Jeff leads the Environmental Defense Fund’s Investor Confidence Project (ICP), which is implementing a system to credential Investor Ready Energy Efficiency™ projects. Projects with the ICP seal will benefit from reduced transaction costs and actuarial data that will unlock access to capital markets.
  • 53. Near-Term: Increase Deal-Flow • Increase Confidence in Savings • Reduce Transaction Costs • Streamline Origination Process • Standardized Performance Data • Project Finance Underwriting • Enable Portfolios and Securitization Long-Term: Market Transformation 52
  • 55. BASELINING • Existing Building • Drawings • Weather File • Energy Usage • Energy Rates • Occupancy ICP Energy Performance Protocols SAVINGS • Model File • Calibration Data • Bid Packages • Certifications COMMISSION • Cx Plan • Cx Authority • Test Procedures • Facilities Req. OPERATIONS • BMS Points • Fault Plan • Maintenance Plan MEASUREME • M&V Model • Regression Model • Adjustments • Impact • Baseline Adjustments Cx 54
  • 56. Investor Confidence Project Protocols Commercial Multifamily Large Projects (project size >$1M) Standard Projects (project size <$1M) Targeted Projects (limited interactivity) EPP – Standard Commercial EPP – Targeted Commercial EPP – Large Commercial EPP – Large Multifamily EPP – Targeted Multifamily EPP – Standard Multifamily 55
  • 57.
  • 58.
  • 59.
  • 60. Investor Ready Energy Efficiency™ IREE is the logo in the lobby, like LEED but for a building retrofit project. 59
  • 61. “Energy efficiency is in a category by itself. With the exception of one company packaging energy efficiency, energy efficiency projects do not yet meet the requirements of capital markets. The industry is just too disaggregated. No two projects or contracts are alike. Securitization is not practical or possible under these circumstances. Say you have 1,000 energy efficiency projects. Standard & Poor’s would have to read 1,000 documents to assess the risk. Fees won’t pay for that level of review.” Michael Eckhart Managing Director and Global Head of Finance and Sustainability at Citigroup 60
  • 62. Investor Confidence Project www.EEperformance.org For More Information: Jeff Milum Market Development Consultant Jeff.Milium@efficiency.org 415.812.9463 61
  • 63. 7/2/2015 62 Proprietary & Confidential Enhanced Incentives & Rebates Tim Lezgus Con Edison Business Development Manager for Con Edison’s C&I Energy Efficiency and Demand Management Programs. Tim works to educate Con Edison’s commercial customers and market partners of available utility incentives to increase the energy efficiency of Con Edison’s customers.
  • 65. 64 Demand Management Program • Con Edison still accepting new DMP applications • All DMP projects must be installed and operational by June 1, 2016 • C&I Energy Efficiency program extended until the end of 2016 • ETIP filing will layout Demand Side Management programs beyond 2016
  • 66. DMP Key Projects & Incentives Project Current C&I Incentives/kW DMP Incentive/kW Total Customer Benefit/kW Thermal Storage $600 $2,000 $2,600 Battery Storage $600 $1,500 $2,100 HVAC/Controls/Process $0.16/kWh $1,250 $0.16/kWh + $1,250/kW Lighting/LED $0.16/kWh $800 $0.16/kWh + $800/kW DR Enablement $200 $600 $800 Non-Electric AC Steam AC Program $500-$1,000 CHP Incentives have not changed from original program. See: NYSERDA PON 2568 Load Reduction Additional Bonus Projects over 500kW Additional 10% of kW incentive Projects over 1MW Additional 15% of kW incentive Bonus first installed, first paid 65
  • 67. Demand Response Enablement • Facility must register in the New York Independent System Operator (NYISO) Installed Capacity (ICAP) Special Case Resources (SCR) Program; Proof of enrollment required • Support for new DR equipment and software will not exceed the incremental kW enabled to the NYISO ICAP SCR Program • New or existing generators – must permitted to participate in Demand Response • In addition to the NYISO SCR program, customers are also eligible, but not required, to enroll in the Con Edison CSRP and DLRP 66
  • 68. 67 Commercial Real Estate – other measures to consider Electric: • Lighting/LEDs/Occupancy Sensors/Exterior Lighting • Motor Replacements/Variable Frequency Drives on Motors and Air Handling Units • Air Damper replacements • Building Management/Energy Management Controls Systems • Elevator Motor/Controller replacements • Kitchen/Refrigeration Equipment • Plug Loads • Data Center/IS/IT Infrastructure Upgrades Gas: – Boiler/Hot Water Heater/Chiller replacements – Set-back thermostats – Insulation
  • 69. Case Study - LED Lighting Upgrade Overview • Large office building, Midtown Manhattan • 595K square feet, 27 floors • Project description: Lighting fixture replacement in tenant areas • Technology: 2L CFL fixture to 2L LED engine 68 Before After Difference Incentive $132,000 $262,000 $130,000 Payback 2.2 years 1.5 years 7 months earlier 68
  • 70. Case Study - BMS Upgrade Overview • Large office building, Midtown • 1.7 million square feet, 42 floors • Project Description: Replace old pneumatic system with new direct digital control (DDC) for better control of building’s Chiller Plant and Air Handlers • Technology: Install new DDC controllers and flat-screen monitoring systems for the building control room 69 Before After Difference Incentive $94,000 $450,000 $356,000 Payback 5.7 years 3.2 years 2.5 years earlier 69
  • 73. Higher Net Operating Income Higher Rental Revenues Higher Property Values Lower Operating Costs Lower Vacancy Rates Lower Maintenance Costs Proven Building Owner Benefits Thank you for participating! For more information, email info@EEreports.com And visit our website EEreports.com EE Reports is your go-to source for the latest breakthroughs in energy efficiency technologies, unbiased product reviews, and project financing that will help you get the most out of your energy efficiency investment. Our team of EE consultants will provide impartial, proven practical solutions that will make a significant impact on your bottom line.

Notes de l'éditeur

  1. Hi I am Posie Constable, Director of Business Development for New York City Energy Efficiency Corp. and I am really excited to be here to tell you about projects that we have financed that may be similar to measures that your building might install to save money, reduce energy use, improve tenant comfort and improve resiliency. That also translates into higher value for the building at the time of refinance or potential sale. As I run through my slides, Ill leave it to you to follow the text, as I will be talking about finer point issues.
  2. So here is what I hope to cover- I want to tell you about NYCEEC’s flexible financing and how we fund up to 100% of project costs, partner with incentive providers and use the savings to pay back our loans. And at the conclusion, I hope to have you come away with the view that financing shouldn’t be the obstacle to starting your clean energy project. We are here to help!!
  3. NYCEEC is a 501c3 non-profit corporation. Our mission is to provide clean energy financing solutions for private building owners across all building types in NYC. We are not an agency of the City but we are closely aligned with their climate action goals. We are not a bank, don’t take deposits and don’t have bank regulatory oversight-meaning, flexible underwriting and keen to solve your problems.
  4. Since our founding in 2011 and through March of this year, this is what we have accomplished- $50 million in projects across 45 buildings comprised of over 4.1MM SF. While impressive for a startup in a short period of time, we have lots of wood to chop to have an impact. Help us by bringing us your project!
  5. So providing clean energy financing solutions- We do this in 2 ways: (1) we provide financing for building owners both directly and indirectly through our lending partners, and (2) secondly, we provide technical assistance to our partners and building owners. As such, we are staffed with business development and credit professionals and engineers. We are both building and measure agnostic, so long as the project makes sense and saves energy. These are some key measures we can fund.
  6. No two of our projects look alike, which is to say that each building and measure has its own characteristics and pay backs. Contractors want to get paid out on their own timetable, and incentive awards also have unique milestones so NYCEEC aims to provide flexibility in our documents--multiple draws during construction, interest only until commissioning, covering engineering studies and soft costs, working with the utilities and incentive providers, etc. Whether we provide a direct loan or an energy savings agreement, we have experience in working with banks, mortgage providers and utilities.
  7. As I mentioned, we are building type agnostic, having funded multifamily, hospitality and industrial. We are currently restricted to buildings in the five boros but hope to put spandex in our boundaries soon!
  8. We primarily provide minimally secured financing, based on the savings from the energy measures. This shows a range of some of our key terms. That means we work with the contractors to determine how much the building will save per year, and match the loan term so that the savings cover the principal and interest. That means you wont have to put up any money up front and once the savings have paid us back, the rest of the savings for years to come reduce the building expenses-that means lower maintenance and more reliability.
  9. We have developed a streamlined underwriting and approval process. We want to have an impact in NYC and that means we have to work quickly to help buildings take advantage of currently generous incentives! They wont be around for long so ACT NOW! We have worked closely with coop Boards, we can come to your meetings and conduct site visits with you and the engineers and contractors to make sure the project is valid and one that saves energy and makes economic sense.
  10. Hopefully, one of these projects that we have financed might look like what you envision for your building.
  11. Roosevelt Landings is a 1000+ unit market rate multifamily rental for which NYCEEC provided $5MM in debt to cover cogen, efficient boilers, air sealing, insulation and in-unit thermostats. We entered an ESA with the project developer, Urban Greenfit, along with a Power Purchase Agreement. We had to negotiate with FNMA to get a security interest in the cogen via the ESA. Financing would otherwise have been difficult given the 8.8 year term, and technical complexity. Combined measures save roughly $818,000 annually!
  12. NYCEEC strongly supports Passive House standards for gut rehabs and new construction and we are leading the way in financing such projects. The air tight building envelopes, quality windows and doors, and ventilation and heat exchangers would be an ideal building standard for the City to adopt. As we increase our book on these projects and capture and publish the energy savings and tenant comfort, we hope to influence developers to incorporate these features. We are funding a six unit new construction condo to passive house standards as well as a 4 unit rental gut rehab.
  13. NYCEEC helped numerous buildings comply with the City’s LL43 Clean Heat initiative to eliminate dirty heating fuel. River Arts used NYCEEC financing to pay for their LL887 audit and incorporate EE measures along with converting to dual fuel to save money and reduce green house gas. The savings from the conversion and more efficient building management systems will cover the debt service and the building didn’t pay anything upfront.
  14. Franklin Plaza, an affordable MF coop comprised of 14 twenty story buildings, was the first to use the (Program for Energy Retrofit Loans) program developed by NYCEEC and NYC HDC. This green mortgage product allowed the borrower to tap into addition funds because of the energy efficiency upgrades they installed. Replacing the aging #6 fired boilers and separating heating from domestic hot water will save the complex $2.2MM annually and help to preserve affordability.
  15. Here, NYCEEC’s $6.3MM loan is part of a larger $14.4MM financing to construct a cogen powered ice plant in SI. The multiple draw loan matches the construction milestones and bridges NYSERDA incentives. The plant will produce electricity to sell to the grid to generate revenue, while using waste heat for on-site ice manufacturing. Income from the energy produced will repay NYCEEC’s loan. The project is expected to save the company $1.250MM annually.
  16. In summary, here’s what we do and here is how.
  17. Our operators are standing by!! Here is my contact info. Thank you.
  18. THIS is where you go into you near short term goals Keep near term simple. Increase Deal flow I modified the long term – as I think reducing performance risk can be confusing. Also – this is where to talk about transitioning to project finance
  19. Our standard 2 slides – but – let’s explain the protocols as simply as humanly possible
  20. I think we’ve transitioned away from this metaphor – but for this audience – I think maybe we want to use it