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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 - PowerPoint PPT Presentation
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Energy Efficiency, Air Quality & PACE Financing
Utah Governor’s Energy Development SummitJune 4, 2014
Kevin Emerson, M.Sc.Senior Policy and Regulatory Associate
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.
“Our air quality is an economic development issue.”
- Jeff Edwards,President & CEO
Low grades for Wasatch Front air…
ENERGY EFFICIENCY OPPORTUNITYBy 2035: 75% of Utah’s building ft2 will be new or retrofitted.
Source: Architecture 2030
30% of the energy consumed in the average commercial building is
wasted.Source: U.S. Department of Energy
“… 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
In 2030 U.S. building energy efficiency could meet
100% of the demand for new power generation.Source: National Academy of Sciences, 2009
Source: *Rocky Mountain Power data, 2012 ; **Levelized cost from EIA Annual Energy Outlook, 2013
Energy ef -ficiency*
Natural gas combined
cycle**
Geothermal** Adv. natural case with CCS**
Conv. Coal** Adv. Nuclear** Adv. coal with CCS**
$-
$0.02
$0.04
$0.06
$0.08
$0.10
$0.12
$0.14
$0.16
Cost of Electricity Resources ($/kWh)
WHY C-PACE FINANCING ?
Source: Institute for Building Efficiency: JCI/IFMA 2012 Energy Efficiency Indicator; Courtesy of PACENow
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!
What is C-PACE Financing?
Source: PACENow.org
What is C-PACE Financing?
Source: U.S. DEPARTMENT OF ENERGY CLEAN ENERGY FINANCE GUIDE
OUR C-PACE PROJECT
C-PACE Financing in Utah!
PROMOTE C-PACE to interested Utah jurisdictions
FINALIZE program C-PACE implementation plan
FACILITATE building owner participation in a pilot C-PACE project
FEEDBACK on draft C-PACE guidelines from local governments, business associations, and industry
RESEARCH C-PACE options and DEVELOP SUMMARY of implementation options
CONVENE Utah C-PACE Advisory Committee
In partnership with &
Missed opportunity? OR Home Run!
By 2035: 75% of Utah’s building and home sq. ft. will be new or retrofitted. (Architecture 2030)
www.ucair.org
THANK YOU!
Kevin Emerson, [email protected]
(801) 903-2029
www.utahcleanenergy.org @UtahCleanEnergy
