Georgias Energy Efficiency Financing Options Managing Energy at - - PowerPoint PPT Presentation

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Georgias Energy Efficiency Financing Options Managing Energy at - - PowerPoint PPT Presentation

Nov 13, 2023 9 likes •181 views

Georgias Energy Efficiency Financing Options Managing Energy at Your Small Drinking Water System Chris White, P.E. cwhite@gefa.ga.gov (404) 584-1089 January 24, 2015 Energy Resources Division Georgia Energy Challenge Weatherization

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Georgia’s Energy Efficiency Financing Options

Managing Energy at Your Small Drinking Water System Chris White, P.E. cwhite@gefa.ga.gov (404) 584-1089 January 24, 2015

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Energy Resources Division

  • Georgia Energy Challenge
  • Weatherization
  • State Energy Program
  • State Utilities Program
  • Energy Assurance
  • State Energy Strategy
  • K-12 Building Operator

Certification

  • Performance Contracting
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Energy Efficiency Financing

BONDS LOANS TAXES EPC BUDGET QECB

Why is Energy so Important?

  • Water and Wastewater Treatment System can

represent 1/3 or more of your city’s energy spend

  • Most systems can be improved 15-30% or more
  • Energy Efficiency is reduction in waste

What are the options for Financing Improvements?

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Energy Efficiency Financing

BONDS LOANS TAXES EPC BUDGET QECB

Financing Projects with Budgeted Funds

  • Familiar
  • Takes Planning – often limited by department
  • Needs to be high enough priority – competes

with other needs of the city

  • Requires vision of what should be included
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Energy Efficiency Financing

BONDS LOANS TAXES EPC BUDGET QECB

Financing Projects with Bond Funds

  • Familiar
  • Creates debt
  • Cost of issuance can be high
  • Needs to be high enough priority – competes

with other needs of the city

  • Requires vision of what should be included
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Energy Efficiency Financing

BONDS LOANS TAXES EPC BUDGET QECB

Financing Projects with QECB Funds Qualified Energy Conservation Bonds

  • Creates debt like bonds
  • Opportunity for lower interest rate (70% subsidy)
  • Cost of issuance can be high (like bonds)
  • Needs to be high enough priority – competes with other needs of

the city

  • Requires vision of what should be included
  • 20% Energy Savings or Green Community Program compliant
  • Davis Bacon Labor Rate & Fed Reporting Compliance required
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Energy Efficiency Financing

BONDS LOANS TAXES EPC BUDGET QECB

Financing Projects with Loan Funds

  • State/Federal Revolving Fund Sources
  • GEFA administers these with location limitations
  • Creates Debt usually with very low interest rates
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Energy Efficiency Financing

BONDS LOANS TAXES EPC BUDGET QECB

Financing Projects with Taxes Funds

  • General Fund (See Budget)
  • LOST/SPLOST
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Energy Efficiency Financing What is Energy Performance Contracting? ESA MESA M&V Guaranteed ECMs ESCO Energy Service Company ESP Energy Service Provider Municipal Lease Lighting Retrofit Shared Savings Off Balance Sheet

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Energy Efficiency Financing What is Energy Performance Contracting?

  • One company evaluating, designing, installing

and (operating) equipment in buildings

  • Guaranteed results (energy and water savings)
  • Annual Measurement and Verification
  • Guaranteed savings in Utility Spend covers

contracted costs

  • Leveraging reduction in waste for benefit
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Energy Performance Contracting Energy Service Provider [ESP] or Energy Service Company [ESCO])

GEFA Prequalified Energy Service Providers ABM AECOM AMERESCO ConEd Solutions Constellation Energy Energy Systems Group Honeywell Johnson Controls Inc. McKinstry NextEra Energy Solutions NORESCO OpTerra Energy Solutions PEPCO Schneider Electric Siemens Trane

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12 Utilities & Maintenance Debt Service Payments Measurement & Verification Service Training

Utility Expenses

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Energy Performance Contracting When to use Energy Performance Contracting?

  • Curious about what is possible for buildings
  • No budget for self funded work
  • Limited experience with engineering systems
  • Needs that require bundling to make project

feasible

  • Opportunity to document/monitor utility savings
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  • Very flexible and adaptive to customer needs
  • Contractually guaranteed & measured savings
  • Integrated project analysis, design, and construction
  • Long term monitoring of savings and performance
  • Up-to-date training for facility operating personnel
  • Services and materials based upon quality and life cycle

value, rather than only on lowest first cost

  • Single point of responsibility for performance

Energy Performance Contracting Benefits

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Energy Performance Contracting How to get started?

  • Contact Energy Service Providers
  • GEFA Prequalified ESPs

https://georgiaenvironmentalfinanceauthority.quickbase.com/ db/bi42hbjwm?a=td

  • Use Consultant familiar with Energy Performance Contracting
  • Contact GEFA (Questions, template documents)

https://georgiaenvironmentalfinanceauthority.quickbase.com/ db/bi7e7gpwt?a=td

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Conclusions & Questions

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Chris White, P.E.

State Utilities Program Manager, Energy Resources Division (404) 584-1089 cwhite@gefa.ga.gov ¡

233 Peachtree St., NE Harris Tower, Suite 900 Atlanta, Georgia 30303