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SAVING ENERGY AND IMPROVING COMFORT THROUGH ENERGY EFFICIENCY
HOME IMPROVEMENTSKHP Phase I Results and Phase II Snapshot
www.KYHomePerformance.orgMARCH 14, 2013
KHP Program Results KHP Phase I
• EPA Home Performance with Energy Star Partner of the Year
• 1 of 10 Statewide HPwES Programs – 5th in production in 1 year
• 144 Contractors/Firms Signed up with KHP
• Serving 120 KY Counties
• Over 25 Participating Utility Partners
• Average Energy Efficiency Achieved = 26% per job
• Training to Contractors• Best Practices & KHP 101 = 200 Contractors• Software Training = 350• Rebate and Loan Training = 150 Contractors
KHP Program Results To Date
Completed and Paid Jobs = 1016 including 116 with TVA
Rebates = 939 and Loans = 77
Whole House Evaluation Rebates Paid – 1,071 (plus an additional 338 with TVA contractors)
76% Conversion Rate Evaluations to Completed Jobs
Total Development of Jobs to Date - $10,817,929
Subsidy Leverage per Job = 5-1
Jobs Completed in 71 Kentucky Counties
KHP Phase II Key Aspects Program Re-design
Sustainability - Revolves Funding
Balances Leverage -vs- Program Income
Scalable
KHP Phase II Financing of Choice
Easy to Use Contractor Driven Program
KHP Phase II Program is a Platform to Build Upon Utilities Non Profits Private and Public Funding
Professional Market Presentation – Contractors and Public
KHP Phase II
Rebranding to KHP Phase II with Focus on Loan Products
WHEEL Secondary Market Execution
HUD Power Saver Loans
Other Revolving Loan Pools, Investments and Pilots• Greater Cincinnati Energy Alliance• MACED On Bill Pilot• EE Manufactured Housing Replacement Pilot w
Next Step
Integration Opportunities for Utilities Available including:
• Loan buy down money, capital, loan loss reserve, marketing.
KHP Phase II Loan Products Single Measure “KHP the EE Financing of Choice”
Equipment and Single Measure Loan Products
10 Year @ 9.9% Fixed Rate Unsecured Loan up to $20,000
or
6.99% Secured KHP Power Saver Loan $15,000 - $25,000
Low Documentation Required
Quick Pre-Approval and Approval Process
Easy for Contractors and Consumers
Desktop Review and Quality Assurance Provided
Walk Through Evaluation by KHP Authorized Evaluator
KHP Phase II Loan Products Whole House
Whole House –
10 Year @ 6.99% or 5 Year @ 3.99% Fixed Rate Unsecured Loan up to $20,000
or
6.99% Fixed Rate Secured Loan $15,000 - $25,000
Full BPI or Equivalent Test In and Test Out
Desk Top Review and Quality Assurance Program
$100 Credit for Evaluation’s on Completed Jobs
Must Meet KHP Phase II Minimum Whole House Requirements
KHP Phase II Loan Products Geo Thermal
10 Year @ 6.99% or 5 Year @ 3.99% Fixed Rate Unsecured Loan up to $20,000
or
6.99% Fixed Rate Secured Loan $15,000 - $25,000
Full BPI or Equivalent Test In and Test Out
Desk Top Review and Quality Assurance Program
$100 Credit for Evaluation’s on Completed Jobs
Equipment Requirements Apply
KHP Phase II How to Participate
Current KHP Contractors Complete Phase II Addendum
New KHP Contactors Complete Phase II Application and
Required Forms - Submit Forms to AFC First
Complete KHP Required Trainings KHP 101 and Best Practices Updated Software training (Compass and Surveyor) KHP lending training (AFC First)
KHP Phase II Next Steps
Complete and Test New KHP Compass Software Updates
Update KHP Website and Marketing Materials
Recruit and Train Contractors\
Soft Launch May 2013
Ramp up Media and Marketing Fall 2013
Seek Additional Program Funding
Continue and Secure Utility Program Integration
KHP Program Phase II Contact Information
Andrew IsaacsKHP Program ManagerKentucky Housing Corporation [email protected]: 859-227-8149
Matt FiscusKHP Senior Field Technician Kentucky Housing [email protected]: 859-455-6188
