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Green Jobs - Green New York Presentation for LIFE. May 19, 2011 Western NY Presented by NYSERDA . Agenda. Green Jobs-Green New York (GJGNY) Overview Program Development and Implementation Strategy Workforce Development Sector Overview Question & Answer .

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green jobs green new york presentation for life

Green Jobs - Green New York Presentation for LIFE

May 19, 2011

Western NY

Presented by NYSERDA

agenda
Agenda
  • Green Jobs-Green New York (GJGNY) Overview
  • Program Development and Implementation Strategy
  • Workforce Development
  • Sector Overview
  • Question & Answer
overview of green jobs green new york
Overview of Green Jobs – Green New York

Statewide initiative established in Public Authorities Law October 2009

Goals:

  • Promote energy efficiency and energy conservation
  • Reduce energy consumption and costs
  • Reduce greenhouse gas emissions
  • Support sustainable community development
  • Create green job opportunities, including for emerging, unemployed and displaced workforce
overview of green jobs green new york cont
Overview of Green Jobs – Green New York (cont.)

Funding: $112 million from the Regional Greenhouse Gas Initiative (RGGI)

Target Participants: Residential, multifamily, small business, and Not-for-Profit property owners

Features:

  • No-cost and reduced-cost energy audits
  • Innovative financing through revolving loan fund
  • Aggressive workforce development and job placement
  • Outreach by constituency-based organizations serving targeted communities
program development and implementation strategy
Program Development and Implementation Strategy
  • Deliver through existing programs
    • Speed deployment
    • Reduce marketplace confusion
  • Develop new financing strategies
  • Give CBOs opportunity to work with stakeholders in targeting community benefits
  • Expand on existing workforce development programs
  • Leverage other training and job placement resources
implementation approach
Implementation Approach
  • Aggregation of households recruited by CBOs in targeted communities
  • Enable Community Benefit Agreements
  • Career pathways through community-based skills training, classroom, OJT, certifications
  • One-Stop Career Centers as a central resource
workforce development community benefit agreements
Workforce Development:Community Benefit Agreements
  • Enter into contracts with CBOs and local contractors
  • Local hiring, training, wage, benefit or other requirements
  • Target women, minorities, low-income and those with barriers to employment
  • Contractors to work with local One Stop Career Center
small residential sector
Small Residential Sector

Implemented through Home Performance with ENERGY STAR® Program

slide10

GJGNY New Program Features

1-4 Family Homes Sector

  • No-cost/low-cost audits funded through GJGNY
  • New financing options available through GJGNY
  • Maximum GJGNY loan amount of $13,000 and minimum of $3,000, except $1,500 for Assisted Home Performance borrowers
  • GJGNY Loan andHPwES incentives may be used together in market rate jobs
  • Projects must achieve a Savings to Investment Ratio (SIR) greater than 1
50 work scope subsidies for households with incomes less than 80 ami
50% Work Scope Subsidiesfor households with incomes less than 80% AMI

NYSERDA pays for 50% of the cost of eligible measures, up to $5,000 subsidy for single-family home or $10,000 subsidy for two to four family home.

low interest loans
Low-Interest Loans
  • Unsecured loan
  • 5,10,15 yr loan term
  • Interest Rate 3.99% - current rate under HPwES program/3.49% if borrower repays through auto pay
standard loans
Standard Loans
  • Credit score 640 or higher (680 or higher if self-employed for 2yrs or more; 720 or higher if self-employed less than 2yrs)
  • Debt-to-income ratio < 50%
  • No bankruptcy within last 7 yrs
  • No outstanding collections, judgments or tax liens > $2,500
alterative loan standards
Alterative Loan Standards
  • Energy bill payments must be current for two consecutive months during each of the last two years;
  • No energy or mortgage payments more than 60 days late in the last two years;
  • Debt-to-income ratio less than 55%;
  • No bankruptcy, repossession, or foreclosure within the last seven years;
  • No outstanding collections, judgments or tax liens greater than $2,500; and
  • Current on mortgage payments for the last year
10 incentives
10% Incentives
  • Customers are eligible to receive an incentive of 10% of the cost of the cost-effective work scope AND access to low-interest rate financing.

OR

  • Customers may choose to access utility rebates for eligible measures in lieu of NYSERDA’s 10% incentive AND access to low-interest rate financing.
multifamily sector
Multifamily Sector

Implemented through the Multifamily Performance Program (MPP)

mpp process
MPP Process
  • PLAN
    • Select and hire a Multifamily Performance Partner
    • Submit application and signed Terms and Agreement
    • Attend a Scoping Session with NYSERDA Project Manager
    • Review and approve Energy Reduction Plan prepared by Partner
  • INSTALL
    • 50% Completion Inspection
    • Substantial Completion Inspection
  • MEASURE
    • Post construction benchmarking
slide19

New Program Features

  • GJGNY funds are used for payment #1
  • New financing options available through GJGNY for multifamily projects are being finalized
  • GJGNY financing will be eligible on the balance of the cost of the measures after the MPP incentives
  • To be eligible for GJGNY financing, financed workscopes must achieve a Savings to Investment Ratio (SIR) of 1.0 or greater
components of sb nfp
Components of SB/NFP
  • Qualified Energy Audits
    • FlexTech Energy Audits
    • Utility or Private Sector Audits
    • Business Partners (not yet available)
  • Expeditor Support
  • Revolving Loan Fund
expeditors
Expeditors

Expeditor Function:

  • GJGNY funded to support customer from

audit to implementation

  • Bridge across audit, implementation, & financing
  • Assist customer in understanding audit recommendations
  • Identify EEPS incentives (NYSERDA or utility)
  • Identify projects and amount eligible for loan fund

Projected launch 2nd half 2011

financing
Financing

Revolving Loan Fund Plan:

  • GJGNY interest rate: 0.0% ; lender portion: market rate
  • Maximum GJGNY share: $26,000
  • Loans originated by lenders statewide
  • Loan amount to be net of incentives

Expected launch 2Q 2011

to follow up
To Follow Up …
  • Visit www.nyserda.org/GreenNY/ for more program information on Green Jobs – Green New York
  • Visit “Green Careers” web site www.greencareersny.com
  • Visit www.getenergysmart.org for more information on Home Performance with ENERGY STAR GJGNY Incentives