PACE Financing in Sonoma County Residential and Commercial

Having the Foundation • Common Community Goals • Political will and support • Existing

PACE Goals • Reduce greenhouse gas emissions • Increase energy independence • Educate property

PACE Financing Highlights PACE Activity through August 1, 2014 Residential 2045 properties $57. 1

Improvement Types using PACE 87% of All Projects are Completed by Local Contractors 2%

Greenhouse Gas Reduction Results Total of 9492. 8 MTCO 2 E Reduced Annually Solar

Fortifying the Foundation • Incorporate climate adaptation and community resilience strategies • Provide neutral

Challenges / Opportunities • Getting the message out – Building performance – Tell the

Contact Information Jane Elias Program Manager Sonoma County Energy Independence Program 2300 County Center

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PACE Financing in Sonoma County Residential and Commercial Energy Financing Workshop October 8, 2014 1

Having the Foundation • Common Community Goals • Political will and support • Existing partnerships to leverage competencies, minimize duplication and decrease consumer confusion • Utility Support • Legislation 2

PACE Goals • Reduce greenhouse gas emissions • Increase energy independence • Educate property owners in recognizing the value of energy upgrades • Decrease property owner utility costs • Create jobs & increase investment the local economy • Maximize current collaborative partnerships and create new ones

PACE Financing Highlights PACE Activity through August 1, 2014 Residential 2045 properties $57. 1 M $27. 9 k average Commercial 62 properties $10. 9 M $176. 7 k average Jobs Created/Retained 1362 gross direct, indirect and induced jobs* 79. 71 local construction * Source: American Council for an Energy Efficient Economy (ACEEE) How Does Energy Efficiency Create Jobs fact sheet 9/24/14, CC 4

Improvement Types using PACE 87% of All Projects are Completed by Local Contractors 2% 2% 2% 3% Solar PV Solar Thermal HVAC Cool Roof 20% 39% Water Heater Sealing & Insulation Windows & Doors Lighting Ventilation Water Cons. Other Energy Efficiency 12% 3% 7% Generation: 39% 9/24/14, CC 5 8% 2% Energy Efficiency: 59% Water Conservation: 2%

Greenhouse Gas Reduction Results Total of 9492. 8 MTCO 2 E Reduced Annually Solar PV Installed: 1331 systems totaling 9. 46 MW of generation 9/29/14, EP 6

Fortifying the Foundation • Incorporate climate adaptation and community resilience strategies • Provide neutral third party information to the consumer • Leverage zero net energy goals • Balance relationships between IOU’s, POU’s, CCA’s and County departments 7

Challenges / Opportunities • Getting the message out – Building performance – Tell the stories – savings, ROI, health, comfort – Replication Manual available on-line ! • Acceptance by banks and lenders • Interest rate competition, new class – Secondary investment market development • On-bill financing for tenants 8

Contact Information Jane Elias Program Manager Sonoma County Energy Independence Program 2300 County Center Drive, Suite A 105 Santa Rosa, CA 95403 707 -565 -6483 jane. elias@sonoma-county. org 9