Sonoma Property Assessed Clean Energy (PACE) Financing Marketplace - - PowerPoint PPT Presentation

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Sonoma Property Assessed Clean Energy (PACE) Financing Marketplace - - PowerPoint PPT Presentation

Dec 30, 2022 163 likes •288 views

Sonoma Property Assessed Clean Energy (PACE) Financing Marketplace CA Assembly Local Government Commi4ee and Assembly Banking and Finance Commi4ee Joint Hearing June 9, 2016 Caroline Judy, Director of General Services Liz Yager, Energy and

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CA Assembly Local Government Commi4ee and Assembly Banking and Finance Commi4ee Joint Hearing June 9, 2016 Caroline Judy, Director of General Services Liz Yager, Energy and Sustainability Program Manager Jane Elias, Sonoma County Energy Independence Program Manager County of Sonoma

Sonoma Property Assessed Clean Energy (PACE) Financing Marketplace

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31%

2%

53%

2% 3% 0.3% 1%

8%

Building Energy Stationary Sources On-Road Transportation Off-Road Transportation Solid Waste Wastewater Treatment Water Conveyance Agriculture

Why PACE in Sonoma?

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Sonoma County Energy Independence Program

SCEIP by the Numbers March 2009 – April 2016 34,234 PACE financing inquiries $74 M Amount funded $21.8 M Funding available 3,170 ApplicaOons received 2,304 ApplicaOons funded 0.34% Tax delinquency rate 0.00% Default rate 1,480 Jobs created (ACEEE formula) 157 ParOcipaOng contractors >88% Jobs done by local contractors

Total of 62,712 MTCO2E Reduced Over SCEIP History

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Sonoma County Energy Independence Program

GeneraTon: 40% Energy Efficiency: 58% Water ConservaTon: 2% 89% of All Projects are Completed by Local Contractors

40% 2% 10% 6% 3% 12% 20% 2% 2% 2% 1% Solar PV Solar Thermal HVAC Cool Roof Water Heater Sealing & Insulation Windows & Doors Lighting Ventilation Water Cons. Other Energy Efficiency

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Benefits of the Marketplace

  • Expand availability of project financing
  • Consumers choose PACE provider
  • Create local jobs
  • Contractor support and resources
  • County provided tools for the

consumer

  • Standardized data tracking and

validated results

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CollaboraOve Model and Consumer Support

.

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PACE A Outreach PACE B Outreach SCEIP Outreach

PACE A Asmt PACE B Asmt

ACTTC SCEIP Asmt

Assessment Marketplace Outreach PACE C Outreach

PACE C Asmt

County Consumer Support Provided

Starts with contact: a contractor, the

  • ffice, the internet

Learn about upgrade opOons and benefits Create a project plan Secure financing and rebates

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Marketplace Click and Compare Tool

*All providers calculaOons reflect no prepayment penalty

SONOMACOUNTYENERGY.ORG/financingmarketplace

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Marketplace UOlizaOon

39 36 28 56 56 63 45 36 40 29 45 34 37 26 25 27 26 6 4 21 22 33 5 4 9 18 Q1 CY'12 Q2 CY'12 Q3 CY'12 Q4 CY'12 Q1 CY'13 Q2 CY'13 Q3 CY'13 Q4 CY'13 Q1 CY'14 Q2 CY'14 Q3 CY'14 Q4 CY'14 Q1 CY'15 Q2 CY'15 Q3 CY'15 Q4 CY'15 Q1 CY'16

SCEIP # projects CA 1st # projects HERO # projects

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Sonoma PACE Timeline: SCEIP

July 2008 The California State Governor signed Assembly Bill 811 LegislaOon for Property Assessed Clean Energy (PACE) March 2009 County Board of Supervisors launched operaOon of the Sonoma County Energy Independence Program July, 2010 Federal Housing Financing Authority Lejer ObjecOng to Lien Status July, 2010 County Board of Supervisors reopens SCEIP, files suit against FHFA October, 2010 California Energy Commission Awards $5M in Grant Funding April 2012 Grant and Loading Order Requirement End 2008 2010 2011 2009 2013 2012

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Sonoma PACE Timeline: SCEIP +

June 2013 PACE Financing Marketplace Request For InformaOon SolicitaOon March 2015 CEDA - Figtree Program joins the Marketplace Dec 2015 WRCOG and CSCDA adopt Consumer ProtecOon Policies October 2014 Marketplace opens with addiOon of WRCOG - HERO and CSCDA – CA FIRST to County Program - SCEIP County of Sonoma adopt consumer protecOon polices for SCEIP County of Sonoma Marketplace 2.0 SolicitaOon Local Oversight Pilot May 2016 Request to JPAs regarding program

  • versight and enforcement protocols

October 2014 Agreement for CollaboraOve Services LA Marin ABAG Others Contra Costa Santa Clara San Joaquin 2013 2014 2015 2016 2017+ May 2016 GSFA – Ygrene Works joins the Marketplace

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Sonoma Marketplace Agreements

County of Sonoma (SCPFA) Joint Powers Authority PACE Implementer City / Town Councils

ResoluOons Authorizing ParOcipaOon JPA Membership Required

Agreement for CollaboraOve Services

Renew Financial Figtree Finance Renovate America Ygrene Energy

CSCDA CEDA WRCOG GSFA

SCPFA: Sonoma County Public Financing Authority CSCDA: California Statewide CommuniOes Development Authority CEDA: California Enterprise Development Authority WRCOG: Western Riverside Council of Governments GSFA: Golden State Finance Authority

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County Board of Supervisors

ResoluOons Authorizing ParOcipaOon JPA Membership Required

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PACE Consumer ProtecOon Pilot

May 2016 - The Sonoma County Board of Supervisors directed staff to develop mechanisms and forums for monitoring and improving ongoing marketplace performance. The pilot will be implemented collaboraOvely with PACE providers including both Marketplace and non-Marketplace members.

  • 1. Pilot local PACE Marketplace oversight mechanisms.
  • 2. ConOnue to parOcipate in statewide efforts to develop PACE

financing consumer protecOon policies.

  • 3. Develop a new Sonoma County Marketplace 2.0 solicitaOon

based upon best pracOces and will include addiOonal consumer protecOon and monitoring principles.

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