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[joyful music]
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(female #1) The main goal of the program,
both the new construction
and existing building side
is to reduce your overall building usage by 15%.
When we say overall building usage,
that's all of the energy usage in the building.
So, that includes your common area electric,
that includes the electricity
that's being used in apartments,
fuel or gas that you're using
to heat and cool the building
or create domestic hot water.
So, all of the energy in the building
to reduce that full number by 15%.
We have at this point about 75
of the 400 projects that have actually
completed installation of measures
and then had a year of utility bills
after they installed those improvements
that show what their actual savings was.
And on average, buildings are getting
26% savings per project.
In a former version of the program,
we had a 20% target as opposed to
the 15% target we have now,
but as you can see, even though those buildings
had the 20% target, they're still exceeding
it at 26%.
And we're seeing good numbers on average
of how much buildings are saving.
So, these are real savings in real buildings
that came through the program.
Our partner network,
they're all people that either do energy consulting
or something along those lines that we have
certified as being qualified to go into these buildings,
benchmark your energy use, conduct audits,
help you develop an energy efficiency work scope,
and help you get it installed.
So, these are people that are qualified professionals
that are on our list that you can find on our website
and you work with them to bring you through the program
so that you have someone guiding you along the way,
that knows how to do the program,
that knows how to do this work in buildings,
and can help you through the whole process.
So, the process is, the first thing that
you're gonna want to do if you
want to come into the multifamily program,
is you're gonna want to find that partner,
that qualified energy consultant that
can bring you through the program.
But we have a whole list on our website.
You can narrow down the list of available people
based on your building size,
where you're located,
and a few other factors.
So, you can get a list of consultants that
work specifically in your type of building.
And once you get that,
we suggest you call at least
four or five different people,
get quotes, talk to them,
find out who has experience
in your building type and choose someone
that you feel comfortable with.
Once you've chosen that partner,
what they're gonna do is help you
fill out an application for the program
and they'll submit that application to us.
Once we get that application,
we're going to schedule what we call a scoping Session.
That's when we and your partner
come out to your building.
It's about a two hour meeting usually,
and we'll basically tell you more details
about the program, learn more about your building,
where you're at, what you're thinking about
doing in the program,
and then we're gonna do a brief walkthrough
of your building just to understand what
kind of energy efficiency opportunities are there.
It's an opportunity for you guys to ask us questions,
become more comfortable with your knowledge
about the program, and for us to kind of see
and get a base level understanding
of what's going on in your buildings.
So, once we come back from the scoping session,
we're going to issue you guys
your notice to proceed and at that point,
you can start working with your partner
to develop what we call
The Energy Reduction Plan,
which is your game plan for hitting that
15% energy reduction goal.
And they will start that by going out,
benchmarking your current energy usage,
looking at all of your utility bills
and seeing how you're doing right now.
They're gonna do a very in-depth audit of your building,
they're gonna develop a really cool computer model
of how your building uses energy,
and then they can use that to work with you
to plug in different types of improvements,
figure out how much energy they're gonna
save in your particular building,
and help you make good decisions
about what the most cost effective improvements are
that you could make to your building.
And based on that,
you'll work with your partner
and you'll decide on your final work scope
for the program that's gonna get
you to that 15% goal.
So, once that happens,
that is the energy reduction plan.
Your partner will turn that over to us,
we'll approve it, and once we get
through that process, we will give you guys
the notice to proceed for construction.
You get your first incentive in the program
once you get your energy reduction plan approved
and then once we get into the construction phase,
you can get half of your construction incentives
at 50% completion and half of them
at 100% completion.
Or you can just do the whole project
and get your full construction incentive at the end.
The final part of the program is measurement.
There is actually a payment on the new
construction side that's tied to
turning over bills to us.
We don't have one of those
on the existing building side,
but measuring the actual success of your building
is something that's very important to us
and we will need to get access to
your utility bills to continue to monitor
the project to see if it's actually
saving the energy that you and your partner
predicted that it would save.
We have been following all the projects
that have come through our program
and we've seen a pretty good success rate so far,
but it's important for us to track that,
share that information with you so you know if,
you know, you really got what you were looking
to get out of your investment,
and also for us to understand how
the program's working and how we can make it better.
So, this is an example of what
a work scope might look like
in an energy reduction plan.
This is a sample project.
You can see they're doing a wide variety
of things that are insulating their steam lines,
they're improving their mechanical room lighting
and upgrading that so there's more
efficient fixtures.
They're upgrading their ventilation system
with more energy efficient fans,
putting in more energy efficient
pumps and motors.
In this project in particular,
had a big capital project.
They were replacing their absorption chiller,
installing a cooling tower.
We see a lot of big things like that
in work scopes, but not always.
We also see a lot of people
do a big chunk of smaller things as well.
Well, this is just to give you an idea
of what a work scope might look like.
And you can see that there's a lot
of information in here.
Some of this is more helpful to us
than it is to you, but what this does
help you decide, it shows you really
how much each of these measures is gonna cost
and then what your annual savings
for each measure is gonna be.
And also help you understand the payback
over the lifetime of the measure.
So, your partner will be able to share
this type of information with you
so that you can make smart decisions about
what kind of improvements you want to invest in.
And this is kind of a summary
of the energy reduction plan that you'll see
when you develop yours.
It kind of breaks down what the investment is like.
So, this particular project invested a total
of $848,000 into their building.
That might seem like a big number to some of you
or it might seem like a small number.
We have all different types of buildings
and all different types of work scopes
that come through the program.
So, we see a wide range of total cost,
especially 'cause building size varies a lot.
But you can see annual savings are $139,000 a year.
So, that's pretty good.
That's a big chunk of money to start saving
right off of the bat.
Payback for the whole project is 6.1 years.
Return on investment is a 1.4.
And basically the building was benchmarked.
We benchmark on a score of one to 100,
one being the worst, 100 being the best.
This building started out not so great
as a 30 and is going up to a 48.
They're gonna reduce their electric consumption by 6%,
their fuel use by 25% and their overall
energy use by 18%.
So, these are just some of the metrics
that, you know, your partner can provide to you
to help you make decisions about whether or not you
want to invest in particular improvements
or work scope as a whole.
The first payment is--
Basically, we'll turn that over to you
once you've developed your energy reduction plan
and it's been approved by us.
For affordable housing, you get $20,000 for that.
Market rate housing you get $15,000.
And then through the installation process,
you get a total of $1.50 a square foot
for accurately installing all of the different types
of improvements into your new construction building.
We hold back about 10% of that $1.50
a square foot to make sure that we can get
your energy bills from you at the end of the process
when people actually move into your building,
so that we can monitor it
and let you know and let ourselves know
whether or not you're getting the savings
that you were predicted to get.
These are existing buildings incentives.
For the first payment--
that's again what you're gonna receive once we
approve your energy reduction plan.
For affordable housing, that's anywhere from
a five to $10,000 base, depending on
the size of your building.
And then $20,000--
I'm sorry, $20 a unit for any unit over 100 units.
So, it's a decent size payment.
Market rate is $25,000---
$2,500 to $5,000 base with $10 a unit
for every unit over 100 units.
And then once we get into the installation phase,
you're eligible on the construction portion
of the program to receive up to $600 a unit.
If you want help with cash flow throughout the process,
we can come out and do a 50% site inspection.
And basically if you have installed 50% of your
savings at that point, we'll turn over half
of that to you or $300 a unit at that point in time.
And then at 100% completion, we'll turn over the re--
the other $300 a unit to you.
But if you'd like to, and you're just
moving forward and getting your work scope installed,
you can also just have us come out at the end,
make sure everything is properly done,
and we'll turn over your $600 a unit to you.
[joyful music]
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