START A PETITION 27,000,000 members: the world's largest community for good
START A PETITION
x
Mar 14, 2013

New Zero-Down, No-Risk Energy Efficiency Investment Fund Aims To Unlock $150 Billion In Savings

Double your money, create more than 1 million jobs and make a big dent in US carbon and greenhouse gas emissions – that’s what could be realized if the US were to double energy productivity by 2030, according to the Alliance Commission on National Energy Policy’s recently release Energy 2030 report.

Looking to spur energy-efficiency gains across the US, CalCEF and Metrus Energy on March 13 launched a new financial intermediary service that could unlock the doors to a projected $150 billion in energy-efficiency savings by providing “otherwise hard-to-get financing for small and medium-sized businesses (SMBs).”

With the Efficiency Resource Fund, CalCEF and Metrus have come up with a no-risk, zero-down way to offer SMBs funds to finance energy-efficiency projects, projects that could yield $15 billion a year in energy savings over the next decade, according to a joint press release.

Credit: NEEA's Suite Search

Credit: NEEA’s Suite Search


Read more at http://cleantechnica.com/2013/03/13/new-zero-down-no-risk-energy-efficiency-investment-fund-aims-to-unlock-150b-in-savings/#gASEEV0XuVWlQFJ4.99 
The CalCEF-Metrus Energy Efficiency Resource Fund

Working through the Efficiency Resource Fund process, building owners sign an Efficiency Service Agreement (ESA) of up to 10 years, “then hire contractors to design, install, measure and maintain energy-saving improvements,” the Fund partners explain.

The latest energy-efficient heating, ventilation, and air conditioning (HVAC) systems and other energy efficiency equipment and appliances typically have useful lives that extend well beyond 10 years. Fund customers can continue to realize savings and benefits once the term of the ESA expires.

By making energy-efficiency improvements, building owners, as well as building inhabitants, benefit from improved safety, health, wellness, comfort, and productivity, and a reduced carbon and overall environmental footprint, while also realizing savings on utility bills. The Fund recoups its investment by billing customers for realized efficiency gains.

Moreover, the Fund bridges a big gap in financing available to SMBs looking to carry out energy efficient projects. According to the Fund partners, “This innovative approach bridges the funding gap that has stymied these small- and medium-sized retrofit projects – some 4 million building nationwide.”

Added CalCEF managing director Paul Frankel:

“The Efficiency Resource Fund is a trail-blazing investment vehicle that taps a massive, underserved market opportunity.”

“We’re enabling a whole class of projects that would otherwise not be completed, while at the same time delivering not just savings for customers but also attractive returns for impact investors and generating capacity for utilities.”

The returns and benefits from making investments in energy efficiency are increasingly being recognized in the US. CalCEF and Metrus are pitching the Efficiency Resource Fund to pension fund managers and construction industry in particular, prospects for whom such investments can prove particularly attractive.

Energy-efficiency investments, according to the CalCEF and Metrus, garner “a substantial return on investment, while also generating new local construction jobs that will increase pension contributions.”

The Wide-Ranging Benefits And Advantages Of Investing In Energy Efficiency

New York State Comptroller and trustee of the New York State Common Retirement Fund, Thomas P. DiNapoli, is encouraging portfolio companies to boost investments in energy efficiency and renewable energy, the Fund partners highlighted. Adding to the impetus, executive director of the Los Angeles County Chapter of the National Electrical Contractors Association (NECA) and 20-year pension trustee Jim Wilson was quoted as saying:

“There’s a huge amount of money to be saved—and, for investors, earned—by improving energy efficiency throughout our economy and putting professional contractors and skilled tradesmen to work.”

A long-standing supporter of CalCEF, Sidney E. Frank Foundation trustee Cathy Halstead emphasized the multiple, cross-cutting gains and benefits to be derived from investing in energy efficiency improvements.

“The Efficiency Resource Fund is a unique opportunity for investors to put money to work in an area that will produce multiple positive outcomes. We’ve supported the development of this novel financing mechanism because we see its potential for advancing green buildings, green jobs, emissions reductions, and cost savings for small and medium businesses.”

Now Accepting SMB Applications

The Efficiency Resource Fund is now accepting financing applications from facility owners with energy-efficiency retrofit project plans under $1 million.

CalCEF expects to raise another $10 million in capital from investors by the end of 2013. Fund details are available online in its concept paper, “The Sub-Million Dollar Question: Leveraging Impact Investment and Service Agreements for Small and Mid-Sized Energy Efficiency Projects.”


Read more at http://cleantechnica.com/2013/03/13/new-zero-down-no-risk-energy-efficiency-investment-fund-aims-to-unlock-150b-in-savings/#gASEEV0XuVWlQFJ4.99 

Visibility: Everyone
Posted: Thursday March 14, 2013, 1:55 am
Tags: energy business efficiency jobs savings [add/edit tags]

Group Discussions
Comments
Or, log in with your
Facebook account:

Author

Alice C.
female , single, 2 children
Ringoes, NJ, USA
ALICE'S SHARES
Sep
7
(0 comments  |  discussions )
\n\nNew connection between stacked solar cells can handle energy of 70,000 sunsFri, 09/06/2013 - 8:57am\n\r\n\r\n\r\n\r\n\ r\n\r\n\nThe discovery means solar cell manufacturers can create stacked solar cells that can handle high-intensity solar energies without losing...
Sep
4
(0 comments  |  discussions )
\n\r\n\r\n\r\n\nSEPTEMBER 4, 2013 BY CHRIS F\n\r\nJersey Shore Events on the Weekend of September 6-8, 2013\r\n\r\nTh summer season is officially over, but real summer keeps going at the Jersey Shore. Now it’s the time for lots of festivals and...
Aug
30
(0 comments  |  discussions )
\nUS DOE Loan Program Financed $16 Billion in Renewables and More Coming\r\n\r\n\nChris Meehan August 28, 2013  |  \r\n\r \n\r\n\r\n\r\n Print \r\n\r\n\r\n\n\r\n\nThe Department of Energy\'s Loan Programs Office (LPO) loaned $16 billion to the renewable e...
Jun
29
(1 comments  |  discussions )
\nSummer Solar Powered Chandelier\r\n\n\r\n\r\n\ r\n\r\n\r\n\r\nA few years ago I saw several blogs showing how they took an old, ugly chandelier, and turned it into beautiful lighting for their laundry room.I immediately started to look for one and then look what I f...


SHARES FROM ALICE'S NETWORK
Mar
31
(1 comments  |  discussions )
\\nZEN was suspended by Eric with no warning. We don\\\'t know any reasons nor how long it will last....\\r\\nI asked about it on the forum but my post was immediately deleted. 2 threads and petitions about Zen also. And 2 her help-groups. :-(\\r\\nUntill to...
Feb
18
(0 comments  |  discussions )
Look Grandma I can stand!!
(0 comments  |  discussions )
Bath time is FUN time!!
(0 comments  |  discussions )
I love it when someone reads too me!!
(0 comments  |  discussions )
Just pink!!  I am the best Valentine you could have! Think Pink!


MORE MEMBER BLOGS
Mar 31
Blog: How to Extend the Life of your TRIAD Boilers by Kayleigh L.
(0 comments  |  discussions ) — \\nHow to Extend the Life of your TRIAD Boilers \\r\\n \\r\\nCorlis Engine Review\\r\\nEvery user desires to prolong the life of a unit. TRIAD assists their clients in achieving this important objective by informing them of ways they can avoid problems... more
Feb 27
Blog: Dr Oz Weight Loss - The 100% Natural And Very Efficient Diet Pill by Debra S.
(0 comments  |  discussions ) — \\nYes, Dr. Oz called Garcinia Cambogia Extract (HCA) the Holy Grail of Weight Loss. He went on to say, “Anytime I see a scientist get this excited about something like Garcinia Cambogia Extract and when I looked through some of this research and... more
Blog: My Favorite Websites by krysta I.
(0 comments  |  discussions ) — \\nIFAW: www.ifaw.org\\r\\nOCEANA www.oceana.org\\r\\nPETA: www.peta.org\\r\\nEARTH 911: www.earth911.org\\r\\nANI MALs ASIA: www.animalsasia.org\\r\\n \\r\\n\\r\\n\\n more
Feb 21
Blog: testing one two three by Geoff M.
(0 comments  |  discussions ) — hello world more
Blog: Garcinia Cambogia Reviews From Actual People Garcinia Pure Extract Is A Huge Success February 20 by Dany M.
(0 comments  |  0 discussions ) — \\nGarcinia Cambogia Reviews From Actual People Garcinia Pure Extract Is A Huge Success February 20\\r\\nGarcinia Cambogia System The Dr. Oz Lose Weight Quick Process Without Having Side Effects\\r\\nHe went on to say, “At any time I see a researcher... more
 
Content and comments expressed here are the opinions of Care2 users and not necessarily that of Care2.com or its affiliates.