Energy Efficiency, Air Quality & PACE Financing Utah Governor’s Energy Development Summit June 4, 2014 Kevin Emerson, M.Sc. Senior Policy and Regulatory.

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

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 OPPORTUNITY

By 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