Posts Tagged ‘Property Assessed Clean Energy’

Un-Oilspill

June 17th, 2010 by Jim Crowder

It’s tough to find non-oilspill related news these days, what with the Presidential address Tuesday and all. So The Business Advisor is going to take this time to focus on what’s truly important for energy efficiency in commercial buildings, but we need your help:

Which Green Biz/Tech Blogger Celeb do you find most attractive?

Your choices will be pictured throughout this post. Please consider as you browse through the grab bag of energy efficiency news for commercial buildings:

Martin LaMonica, "Green Tech" for CNET: rugged.

Heather Clancy for ZDNet

Heather Clancy, "Green Pastures" for ZDNet: pretty cute.

  • Speaking of the devil, this week the Energy Efficiency Forum held its 21st Annual Forum at the National Press Club in Washington, DC (co-sponsored by Johnson Controls and the U.S. Energy Association). The site is chock full of live webcasts and blog posts.
  • The New York Times cited $140 billion as the amount of annual savings the U.S. could save by making buildings more energy efficient, according to a resolution from the U.S. Conference of Mayors, who met this week to back a mandatory green construction code.
  • The National Association of State Energy Officials (NASEO) has tons of great energy efficiency news and resources here, including a nifty counter of Energy Savings So Far this Year. Is The Building Advisor late to the game on this one? It’s ok, you can tell me.
Melissa Hincha-Ownby, GreenBiz for mother nature network

Melissa Hincha-Ownby, GreenBiz for mother nature network: definitely at a disadvantage here, being a cartoon.

  • And for you HVAC fans out there, did you see this? “Built around LG’s inverter compressors, the Multi-V series delivers one of the highest EER ratings available in the VRF equipment category, along with low sound operation. Using VRF technology, the Multi-V system provides commercial businesses greater temperature control therefore avoiding unnecessary energy usage in unoccupied rooms.” Ooh, technical….

Lastly…

Joel Makower: Original Gangsta

Joel Makower: Original Gangsta

So?

Via Negativa

May 18th, 2010 by Jim Crowder

Today, Fannie Mae and Freddie Mac poo-pooed White House initiative Property Assessed Clean Energy (PACE), which eliminates the upfront cost of energy efficient improvements for homeowners by allowing them to borrow capital for the improvements from their local government, and pay it back over 15 to 20 years by adding an assessment to their property-tax bills.

Why the fuss? The property tax liens become senior (repaid first) to existing mortgage debt. Fannie, Freddie and their regulators would be paid secondarily (or not at all) if the property goes into foreclosure. “Proponents say the liens need to be senior or they won’t attract sufficient interest from bond investors,” Nick Timiraos in the Wall Street Journal Developments blog reported Tuesday.

And from the Heart of America, Kansas Gas Service has dropped out of a plan to offer residential energy-efficiency programs over qualms about how those investments would be repaid.

Kansas Gas Service…wanted assurances that its revenues would not be affected by energy efficiency, but it also didn’t want a lower return on equity which is included in rates for risks in doing business,” Steve Everly of the Kansas City Star reported.

Efficiency Kansas, as the program is called, would offer customers rebates for energy efficient purchases such as gas furnaces.

The solution is alluded to by the Energy Department. It released rules last week which encourage – nay, urge, writes Timiraos – municipalities to conduct energy audits, which would ensure that homeowners would see reduced utility costs as a result of the upgrades. That way, loans could be set at no more than 10% of property value. Knowledge = control.

Let’s take it into the commercial realm. If you could prove to your business leadership, landlord or property manager that you’ll be saving them money with energy efficient adjustments, would they have the assurance to make an investment? Energy audits from BuildingAdvice analyze, measure and quantify estimated cost savings from efficiency upgrades to commercial buildings. BuildingAdvice allows hundreds of contractors nationwide to gain the knowledge to get control over a building’s energy costs.