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SIERRA CLUB MARYLAND COOL CITIES WORKSHOP JUNE 27, 2009
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Page 1: SIERRA CLUB MARYLAND COOL CITIES WORKSHOP JUNE 27, 2009.

SIERRA CLUB MARYLAND COOL CITIES WORKSHOP

JUNE 27, 2009

Page 2: SIERRA CLUB MARYLAND COOL CITIES WORKSHOP JUNE 27, 2009.

SIERRA CLUB MARYLAND COOL CITIES WORKSHOP

JUNE 27, 2009

Page 3: SIERRA CLUB MARYLAND COOL CITIES WORKSHOP JUNE 27, 2009.

Page

Agenda

• EZ|Energy Zone Program Overview• Program Benefits• How it Works• Q&A

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Page 4: SIERRA CLUB MARYLAND COOL CITIES WORKSHOP JUNE 27, 2009.

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EZ|Energy Zone

• Finances green improvements with voluntary property tax assessments

• Eliminates barriers to adopting green improvements

• No cost to government

Enables government to create green jobs and reduce carbon emissions by promoting clean

energy improvements for buildings

Enables government to create green jobs and reduce carbon emissions by promoting clean

energy improvements for buildings

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Page 5: SIERRA CLUB MARYLAND COOL CITIES WORKSHOP JUNE 27, 2009.

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Benefits to Property Owners

• Begin saving money immediately

• No up-front costs• No impact on credit• No loan application• No sunk costs –

subsequent owners assume payments

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Page 6: SIERRA CLUB MARYLAND COOL CITIES WORKSHOP JUNE 27, 2009.

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Benefits to Government• Reduce

greenhouse gas emissions by 10-50% per improved building

• Create green jobs• Neutral impact on

government budget

Confidential6

Page 7: SIERRA CLUB MARYLAND COOL CITIES WORKSHOP JUNE 27, 2009.

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For Every 1,000 Properties

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160 new jobs

Invest $10 million into

local economy

Cut 1,400 tons of carbon

emissions

Save $340,000

annually on utility bills

Assumptions•Average cost of improvements $10,000•Average 7 tons/year carbon emissions per property (homes)•Average $140/month household utility bill (Pepco Rate Announcement, 3/7/06)•20% energy savings per project (range is 10 to 40%)•16 jobs created per $1 million invested (Center for Working Families, Green Jobs NY Program Background, February 2009)

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Page 8: SIERRA CLUB MARYLAND COOL CITIES WORKSHOP JUNE 27, 2009.

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How it Works - Government

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Page 9: SIERRA CLUB MARYLAND COOL CITIES WORKSHOP JUNE 27, 2009.

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How It Works - Property Owner

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Page 10: SIERRA CLUB MARYLAND COOL CITIES WORKSHOP JUNE 27, 2009.

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How It Works - Financing

Pays POPays PO

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Bank

Property Owner

Loans to E|WLoans

to E|W

Repays E|W

Repays E|W

Deposits to City acct

Deposits to City acct

Repays as fee

Repays as fee

Repays loan

Repays loan

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Page 11: SIERRA CLUB MARYLAND COOL CITIES WORKSHOP JUNE 27, 2009.

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Thank You

Peter [email protected]

301-229-4025

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Page 12: SIERRA CLUB MARYLAND COOL CITIES WORKSHOP JUNE 27, 2009.

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About Edison|Wright

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