Welcome to the Norwich Energy Committee’s 2013 Weatherize Norwich Campaign

1. Welcome to the Norwich Energy Committee’s 2013Weatherize NorwichCampaign Photo by Derek Thomas

2. Tonight’s Topics • What is Weatherize Norwich? • Why promote weatherization? • How does it work? • Testimonials • Financing options • Q & A

3. What is Weatherize Norwich? • Name of Norwich’s participation in state-wide “Vermont Home Energy Challenge” organized by Efficiency Vermont (EVT). • Goal: have 3% of Norwich residences weatherized in 2013. That translates to 44 residences, whether owner-resident or rental. • Qualifying weatherizations must go through EVT’s “Home Performance with ENERGY STAR” program. • Potential for Norwich to win $10,000 from EVT.

4. Why weatherize?For the Individual • Reduce your energy bills. • Average savings of $750 - $1,000 per year • Money not spent on fossil fuels more likely to stay local • Improve health of your home. • Increase your comfort. • Reduce carbon emissions. • Average reduction of 25% of heating fuel consumption

6. Why weatherize?For the Community Goals established by legislature to deal with climate and energy • Weatherize 25% of Vermont’s year-round residences (80,000 homes) by year 2020 • At current rate of weatherization, won’t happen until year 2042 • 90% of all energy used in state from renewable sources by year 2050 • Not possible unless demand for energy falls at same time as conversion to renewable sources

7. Why weatherize?For the World • Current path of carbon emissions means we will go far beyond 2C (3.6  F) increase in average temperatures, the limit usually cited as maximum non-disastrous increase. • Vigorous action required at all levels of society, from policy to personal lives.

9. Home Performance with ENERGY STAR: The Process • Get a “home performance audit” from EVT authorized contractor. • Using audit report, decide what weatherization work to pursue. • Get weatherization work done by EVT authorized contractor. • Have “test out” to confirm improvement. • Receive incentive rebates from EVT.

10. Home Performance with ENERGY STAR: The Costs • Audits normally $300 - $500, depending on house. • EVT now providing $100 up-front discount • Some contractors offering additional discounts • Average weatherization work: $8,000. • Ranges widely—you can do work piecemeal over time and still benefit from EVT incentives • Some work can be done by home owner • Average rebate incentive from EVT: $1,300 ($2,000 max) • Federal tax credit for weatherization: $500 (max) • Typical payback—ignoring Federal tax credit—6-7 years and return-on-investment of 11 – 15%.

11. “It worked for us!” Examples of your neighbors who have gone through Home Performance with ENERGY STAR. Photo by Bobby Magee

12. Liz Blum & Nelson Kasfir, Cliff St. • Air sealed attic. • Insulated attic. • Air leakage reduced by. . . . . . . 21.8% • Projected heat energy savings 22.48% • Cost of job. . . . . . . . . . . . . . . . . . $1,820 • EVT incentives. . . . . . . . . . . . . . . $960 • Net cost to homeowner. . . . . . $860 • Projected annual savings. . . . . $405 • Payback period/ROI. . . . . . . . . . 2.1 / 47.1% • Projected annual reduction CO2 4,001 lbs.

13. John Leigh & Eydie Pines, Hopson Rd. • Heating system upgrade. • Air sealed basement, crawlspace, boiler room, attic. • Insulated basement. • Air leakage reduced by. . . . . . . 12.1% • Projected heat energy savings 22.88% • Cost of job. . . . . . . . . . . . . . . . . . $11,148 • EVT incentives. . . . . . . . . . . . . . . $999 • Net cost to homeowner. . . . . . $10,149 • Projected annual savings. . . . . $1,066 • Payback period / ROI. . . . . . . . . 9.5 years / 10.5% • Projected annual reduction CO2 4,264 lbs.

14. Jonathan & Wendy Teller-Elsberg, Church St. • Air sealed attic hatches. • Air sealed basement. • Insulated basement. • Air leakage reduced by. . . . . . . 15.6% • Projected heat energy savings 13.26% • Cost of job. . . . . . . . . . . . . . . . . . $2,635 • EVT incentives. . . . . . . . . . . . . . . $520 • Net cost to homeowner. . . . . . $2,115 • Projected annual savings. . . . . $428 • Payback period / ROI. . . . . . . . . 4.9 years / 20.2% • Projected annual reduction CO2 2,384 lbs.

15. Financing Weatherization • Out of pocket • Home equity loan or line of credit • Unsecured, personal loan • Some lenders offer preferable rates for energy efficiency improvements • PACE – Property Assessed Clean Energy • Revised schedule: up and running by April 2013 (?) • Loan attached to property—if you sell, new owners assume responsibility • Repayment through line-item add-on to property taxes

16. Sample Financing Scenario(using actual loan terms from local lender as of Feb 2013) • Average net cost of weatherization is $6,700 • Average projected annual savings approx $875, so average monthly savings of approx $73 (assuming stable fuel prices) • If financed with 10-year 5.25% loan, monthly payments are $71.89 • If financed with 15-year 6.25% loan, monthly payments are $57.45 – immediate cash flow gain of approx $15/month

17. To Do… • Fill out EVT survey available here. • Choose a contractor and get your audit done ASAP! • Follow up with weatherization before Fall/Winter crunch. • Spread the word. • Volunteer short term with Weatherize Norwich campaign or join Norwich Energy Committee to support all our efforts. • http://NorwichEnergyCommittee.wordpress.com/