Tapping the Energy Efficiency and Conservation Loan Program | For Multi-Family Housing Owners

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Why address multi-family energy efficiency?

Cost savings opportunities exist. How will you capture them?

While overall energy usage continues to grow, multiple external pressures are driving increased focus on energy consumption and efficiency, especially within the multi-family housing sector.

•EPA Clean Power Plan: 32% reduction by 20301

•Growing number of municipalities require multi-family buildings to report energy consumption2

Sources: 1. EPA, 2. Urban Land, 3. ACEEE , 4. HUD, 5. Demand Institute

Regulatory Compliance

Usage Trends

Customer Demand

•Multi-family buildings are under-served by energy efficiency programs, but represent $3.4B in potential savings.3

•Consumers have a large “satisfaction gap” and desire their homes to be more energy efficient4

•Long-term consumption per-capita likely to fall in North America5

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How can EECLP help?

What if you had an opportunity to….

Energy providers and co-ops can anticipate and mitigate the impact of these changes in part through the Energy Efficiency and Conservation Loan Program (EECLP) of the Rural Utilities Service (RUS) at USDA.

EECLP can help…

Modernize Building Stock?

Save on Utility Costs?

Improve Tenant Satisfaction?

Access low-cost capital to modernize HVAC, lighting, insulation and other aging building features

Generate operational savings by reducing utility costs, and anticipate cost reduction and payback period before you begin

Meet customer needs by helping upgrade outdated buildings with retrofits and reducing utility spend for low-income individuals in rural communities

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What is EECLP?EECLP is an initiative to provide low-cost federal financing for energy efficiency and conservation in eligible rural communities; the Rural Housing Service (RHS) is currently partnering with RUS to retrofit multi-family housing.

RUSLends at

treasury rates + 1/8th

Utility

Customer

Retrofit Implementer

Re-lends to customer

Directly funds retrofit projects

Executes retrofit projects

Re-pays retrofit project costs/ loan

Rural Dev.

Supports EECLP application process

Enables modernization of properties

Increases tenant satisfaction

Advances rural prosperity Helps meet energy

efficiency and regulatory requirements

Provides deep well of low cost, noncompetitive capital

EECLP Benefits

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What is EECLP?EECLP is an initiative to provide low-cost federal financing for energy efficiency and conservation in eligible rural communities; the Rural Housing Service (RHS) is currently partnering with RUS to retrofit multi-family housing.

RUSLends at

treasury rates + 1/8th

Utility

Customer

Retrofit Implementer

Re-lends to customer

Directly funds retrofit projects

Executes retrofit projects

Re-pays retrofit project costs/ loan

Rural Dev.

Supports EECLP application process

EECLP Fast FactsEligibility• Electric service providers in rural

areas (pop. < 20K) served by RUS Loan Terms• Tied to the useful life of the asset• Typically 15 yearsSample Projects• Energy efficiency and conservation

projects (e.g., on-bill financing)• Weatherization, HVAC and water

heater upgrades• Fuel cells• Energy audits• Utility energy services contracts• Consumer education and outreach

programs, and• Re-lamping for more efficient

lighting

State Energy Program

Rural Co-op

1 State ids interested co-ops

2 *Co-ops agree; Begin EEP Planning

RHS+

Industry Trade Group

RHS & Industry Trade Group ids interested housing owners

Multifamily Housing Owners

2Owners agree; Begin estimating investment need

1 Complete estimation; Receive quotes

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3 Identify MFH Buildings in Service Area

(Optional) EEP Development Workshop

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Develop funding request business case

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Investment Decision Workshop to Select Retrofit Projects

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*Note: While Rural Co-Ops are shown here, EECLP is available to all Electric Utilities

What are the next steps?