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Energy Efficiency, Air Quality & PACE Financing Utah Governor’s Energy Development Summit June 4, 2014

Energy Efficiency, Air Quality & PACE Financing Utah Governor’s Energy Development Summit June 4, 2014. Kevin Emerson, M.Sc. Senior Policy and Regulatory Associate. Courtesy Salt Lake Tribune. Utah clean air rally draws thousands to Capitol

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Energy Efficiency, Air Quality & PACE Financing Utah Governor’s Energy Development Summit June 4, 2014

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  1. Energy Efficiency, Air Quality & PACE FinancingUtah Governor’s Energy Development SummitJune 4, 2014 Kevin Emerson, M.Sc.Senior Policy and Regulatory Associate

  2. Courtesy Salt Lake Tribune Utah clean air rally draws thousands to Capitol Rally » More than 4,000 protesters swarm the Hill, call for government action in fight against pollution. Low grades for Wasatch Front air… “Our air quality is an economic development issue.”- Jeff Edwards, President & CEO

  3. ENERGY EFFICIENCY OPPORTUNITY By 2035: 75% of Utah’s building ft2will be new or retrofitted. Source: Architecture 2030

  4. 30%of the energy consumed in the average commercial building is wasted. Source: U.S. Department of Energy

  5. “… the upgrades saved the company $300,000 per year in electricity. That means it’ll break even in about three-and-a-half years and continue to save money.” - Jamie Galileo, LHM Group

  6. In 2030 U.S. building energy efficiency could meet 100% of the demand for new power generation. Source: National Academy of Sciences, 2009

  7. Source: *Rocky Mountain Power data, 2012 ; **Levelized cost from EIA Annual Energy Outlook, 2013

  8. WHY C-PACE FINANCING ? Source: Institute for Building Efficiency: JCI/IFMA 2012 Energy Efficiency Indicator; Courtesy of PACENow

  9. Senate Bill 221: Assessment Area Act Amendments (2013) • Innovative financing mechanism • Expands long-used assessment area practice • Municipalities, local districts, special service districts, interlocal entities • Voluntary!

  10. What is C-PACE Financing? Source: PACENow.org

  11. What is C-PACE Financing? Source: U.S. DEPARTMENT OF ENERGY CLEAN ENERGY FINANCE GUIDE

  12. OUR C-PACE PROJECT In partnership with &

  13. By 2035: 75% of Utah’s building and home sq. ft. will be newor retrofitted. (Architecture 2030) Missed opportunity? ORHome Run!

  14. THANK YOU! Kevin Emerson, M.Sc.kevin@utahcleanenergy.org (801) 903-2029 www.utahcleanenergy.org www.ucair.org @UtahCleanEnergy

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