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Presenting WSHFC Sustainable Energy Program to cleantech angel investors.
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Introduction toThe Sustainable Energy Program:
Element 8 Lunch: February 27, 2014
Avi JacobsonSenior Sustainable Energy CoordinatorWashington State Housing Finance [email protected]@Avi_Jacobson
The Sustainable Energy Program
•Who we are•Our Programs•Why you care•Questions
DOE/Sunshot WSHFCFull Power of MIT Mafia
A single Big 10 grad.
Budget in the Billions
Budget in the $1,000,000’s
Grants/loan guarantees
Conduit bonds/loans
Washington, DC Washington state.Appropriated Funds Self-Funded. Nimble
The Sustainable Energy Program
• Bond Programs• Sustainable Energy Trust• Information Clearinghouse• Policy Consulting
Bond Financing Tools for Energy Efficiency & Renewable Energy
• Conduit Bond Issuero Industrial Development Bonds
o Small manufacturing, Infrastructure, Waste-to-Energyo Multifamily Housing Bonds
o Acquisition/Rehabilitation/Efficiency Improvementso 501c3 Bonds
o YMCA Greater Seattle ($2,000,000) o Compass Health ($500,000)o More in Pipeline
o Qualified Energy Conservation Bonds
The Sustainable Energy Trust• Loan Program: Improve Access to Capital• $7,000,000 Fund• Debt• Let’s be creative…
• In development/Under Consideration…• Financing pre-development & energy audits?• Credit Enhancement Mechanisms?• Finance pre-payment of lease for distributed
generation?• Pilot Programs flexible & adaptable to market needs• Fostering Business Model Innovation
The Sustainable Energy Trust:Green Home Improvements
• Rehab Project– Targeting at least 20% Efficiency Improvement– Max incentive at 40% Improvement
• New Construction Project– Targeting at least 10% Efficiency Improvement over code– Max Incentive at 20% Improvement
• Accountability: Audit in/Audit out• Affordability Goals• Performance-based rate setting
10 Homes Financed w/Green Canopy Homes
Funds Revolving 9-10 months
The Sustainable Energy Program
•Who we are•Our Programs
•Why you care•Questions
The Sustainable Energy Program
•Deal Flow Synergy•De-Risk Financing to
Portfolio Companies•Help lower adoption costs
Avi JacobsonSenior Sustainable Energy Coordinator
Washington State Housing Finance Commission
@Avi_Jacobsonhttp://www.linkedin.com/pub/avi-jacobson/20/b6/711
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