California Sets Strong Precedent for Utility Data Access

by Matt Golden on February 10, 2010
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Near-real-time rate and usage information will help Californians manage electricity use and reduce costs

Late last year the California Public Utilities Commission (CPUC) quietly handed down a set of policy decisions that will have a profound impact on energy management here in California.

The provisions set forth in the document – which was developed in response to regulatory obligations imposed on all states by the federal Energy Information and Security Act (EISA) of 2007 – will guarantee access to electricity rate and usage information for most of the state’s utility customers, and for third parties that have been authorized to receive the information. With the widespread deployment of smart grid and smart meter technology, this data will give utility customers and energy efficiency businesses the tools they need to monitor and control household electricity, leading to lower energy bills for millions of California homeowners.

“Data access is the key to maximizing the effectiveness of smart grid technology,” said CPUC Commissioner Dian Grueneich, who has been a tireless advocate for making energy efficiency a cornerstone of state energy policy. “These rulings will play an important role as we strive to transform the way Californians think about and use energy.”

The CPUC decision is part of an ongoing process that was launched to align state energy policy with EISA requirements, and with federal requirements pertaining to American Recovery and Reinvestment Act funding for electricity grid modernization.

The CPUC set a goal for the state’s three largest power companies (Southern California Edison Company, Pacific Gas & Electric and San Diego Gas & Electric Company) to make usage information available to customers and authorized third parties by the end of this year. Ultimately, the three utilities will be required to install smart meters for all customers and make usage and price data available on a near-real-time basis. Four smaller utility companies were excluded from the ruling on the basis that doing so would “both increase the costs and diminish the benefits of the EISA requirements.”

The decision states that next phase of the proceeding will be to “consider rules to provide customers and third parties with access to usage and price data consistent with Energy Information and Security Act of 2007 standards, the general public interest, and state privacy rules.”

Venture Funders Take Aim at Energy Waste

by Shana Fong on January 28, 2010

‘Energy efficiency to shine in 2010’ reports the San Jose Mercury News

A pair of articles in yesterday’s edition of the San Jose Mercury News shed light on the growing national interest in energy efficiency and on the proposed HOME STAR retrofit incentive program. “Solar and wind power may get the headlines and attention,” the newspaper reported, “but green-tech experts say 2010 will be dominated by energy efficiency, the mundane but critical process of cutting the amount of gas and electricity that homes and offices use.”

Of particular interest to business leaders in the construction and related manufacturing sectors is the fact that investors are increasingly betting on the profitability of reducing energy waste:

Venture capital investment in energy efficiency hit a record in 2009: at least 115 deals worth nearly $1 billion, according to a preliminary tally by the Cleantech Group and Deloitte. That’s up 39 percent from 2008. Meanwhile, solar, which had 84 deals worth about $1.2 billion, was down 64 percent from 2008, and there’s increasing talk about solar being “overfunded.”

“In 2009, there was a pullback and realization by investors that because of the capital intensity of solar, there may be safer places to put their money,” said Scott Smith, U.S. cleantech leader for Deloitte.”

Mercury News staff writer Dana Hull also emphasized the wider economic and environmental benefits of energy efficiency: “It’s increasingly seen as an effective way to create desperately needed jobs, save struggling consumers money, wean America from its dependence on foreign oil and reduce carbon emissions – all at the same time.”

A second article provides an overview of the HOME STAR incentive program:

Silicon Valley venture capitalist John Doerr, who serves on President Barack Obama’s board of outside economic advisers, is a leading champion for Home Star, which he describes as “Cash for Caulkers.” The idea has widespread support from big-box retailers, labor unions, environmental groups and the construction and contracting industries, which have been devastated by the collapse of the housing market. Although national unemployment remains at about 10 percent, almost a quarter of the nation’s construction workers are unemployed, according to the U.S. Bureau of Labor Statistics.

We are in an urgent moment where we desperately need jobs,” said Bracken Hendricks, a senior fellow at the Center for American Progress and an architect of the Home Star legislation. “You have business and environmental interests aligned around making this happen, and happen now. I have never seen a coalition this broad and this committed.”

Here are links to the full articles:

“Energy Efficiency to Shine in 2010”
www.mercurynews.com/breaking-news/ci_14241691

“Government working on ‘Home Star’ Plan for Energy-Efficiency Rebates”
www.mercurynews.com/breaking-news/ci_14261182?nclick_check=1

How Innovative Financing is Changing Energy in America

by Shana Fong on January 27, 2010

Here’s a great post on Grist by Recurve friend and client Cisco DeVries, CEO of Renewable Funding.

In this article, Cisco discusses a shift in financing models for energy efficient improvements and renewable energy projects by funding them through loans attached to property tax. Dozens of states and municipalities, including several in the Bay Area such as Berkeley, Sonoma, and San Francisco, have already hopped on the bandwagon – thus demonstrating support for a public-private hybrid financing model that will achieve several goals at once: cutting energy use and carbon emissions, putting Americans back to work, and stimulating economic growth.

Green building trends in 2009

by Shana Fong on January 4, 2010
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2009 was a fantastic year for progress and support of green building. Some of our favorite green building trends of the year were:

  • The increase in net zero energy building. Check out the Palo Alto historic retrofit we did here: Palo Alto Net Zero
  • Energy efficiency retrofits finally get financing support. CA has set aside over $3 billion, most of which will come from utility rebates.
  • Property assessed clean energy loans (PACE) gain popularity and are implemented in several states and municipalities.

See Greentech Media’s Top Ten in Green Building in 2009.

Mayor Newsom announces San Francisco Sustainable Financing for Green Retrofits

by Shana Fong on December 16, 2009
Mayor Newsom, Recurve founder Matt Golden, Assessor-Recorder Phil Ting, and others announce SF Sustainable Financing Program

Mayor Newsom, Recurve founder Matt Golden, Assessor-Recorder Phil Ting, and others announce SF Sustainable Financing Program

San Francisco Mayor Gavin Newsom announced on Monday that San Francisco is introducing legislation to help finance new residential and commercial energy efficiency and renewable energy projects. San Francisco Sustainable Financing Program (SF2) is modeled after similar programs adopted by cities such as Berkeley and Palm Desert, in which the loan for improvements is attached to the property, rather than the individual, and will be paid back through property taxes over the life of the financing.

San Francisco Sustainable Financing (SF2) Highlights:

  • Establishes a citywide “Mello-Roos” Special Tax District.
  • Residential and commercial buildings of all sizes will be eligible.
  • Some of the eligible upgrades include: insulation, replacing windows, upgrading heating systems; water efficiency upgrades—such as installing low flow toilets, potable water offsets, irrigation measures, storm water management improvements; financing will also be available for installation of renewable energy generation on buildings, such as solar arrays, solar water heaters and wind turbines
  • Program phases in a mandate of a whole home energy efficiency audit and the installation of energy efficiency upgrades before renewable energy generation improvements.
  • Private capital to fund the retrofits through Renewable Funding, LLC.
  • Program participants can deduct the interest component of their solar financing tax on their tax returns.
    Similar programs exist currently in Berkeley and Sonoma, and others are under development around the state, but San Francisco’s is the most aggressive and includes comprehensive water and energy efficiency improvements as well as renewable generation like solar.

According to Inhabitat, the genius of San Francisco Sustainable Financing is that it will leverage private market lending and available state and federal grant dollars to help home and business owners overcome the costs of green improvements without financial risk to San Francisco taxpayers. Up to $150 million has been set aside for this new program. This is different than cities with similar “repayment through property tax” solar and environmental improvement programs, where public or City investment dollars are used for financing instead.

President Obama Speaks In Support of HOME STAR

by Shana Fong on December 9, 2009
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In a speech on Tuesday, December 8 at the Brookings Institution in Washington, D.C., President Barack Obama singled out residential energy retrofits as one of the keys to near-term job creation for American workers. This is a big opportunity – 17 of our nation’s construction workers are out of work, and more than 20% of our nation’s carbon emissions come from residential buildings. With home retrofitting, we can put those workers back to work while making millions of US homes more energy efficient, helping homeowners everywhere save energy – and carbon and money – in the process. For more details and a transcript/video of the President’s speech, click here.

Study: Strong climate bill would create up to 2 million jobs

by Marcia on November 30, 2009
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A well-constructed climate bill would boost the economy by $111 billion by 2020 and create 2 million jobs, according to researchers at Yale, Berkeley and the University of Illinois. The study is based on the climate and energy bill that passed the House in June and a similar measure under consideration in the Senate. It found that all 50 states would gain from a federal policy and Midwestern states would stand to gain more than coastal ones. TreeHugger (11/19)

Why we love HOME STAR, aka Cash for Caulkers

by Shana Fong on November 18, 2009
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Why do we love HOME STAR, aka Cash for Caulkers?  Because it’s good for America.

And we’re not the only ones – all across the country, companies large and small are voicing their support for the HOME STAR program that was recently proposed to President Obama by venture capitalist John Doerr.  And now that it was covered by the New York Times last night, we’re hoping that the Obama administration will see the program as we see it: enabling a long-term industry with hundreds of thousands (and potentially millions) of new, sustainable jobs that cannot be outsourced, that helps the U.S. achieve our energy and climate goals.

Why does HOME STAR matter?

  • Jobless recovery and unemployment stats are daunting; nationwide unemployment is at 10.2%, with the construction industry being one of the hardest hit at 17%.
  • The program has the potential to be as successful out of the gate as Cash for Clunkers. However, it is much more than a way to get old homes retrofitted — it’s the ticket to creating new jobs to offset job losses.
  • It dovetails nicely and contains the same highly vetted language found in the Waxmen-Marky Bill and Kerry-Boxer Clean Energy Jobs and American Power Act, Retrofit for Energy and Environmental Performance (REEP), Recovery Through Retrofit and ARRA investments for worker retraining.
  • Through HOME STAR, $23 billion would go to support 5.9 million home energy retrofits and create more than 500,000 and up to over 1 million new jobs.

This is the piece of the puzzle that we’ve been waiting for. It’s a win-win for helping American families.

‘Cash for Caulkers’ program proposed to create jobs, meet climate goals

by Shana Fong on November 9, 2009
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Riding on the recent success of the Cash for Clunkers program that gave U.S. consumers an incentive to replace their gas-guzzling cars with fuel-efficient ones, the president is considering a program that would encourage Americans to improve the energy efficiency of their homes.

John Doerr, a venture capitalist with Kleiner Perkins Caulfield & Byers, proposed creating a Cash for Caulkers program to encourage Americans to improve their homes’ efficiency. Doerr made the suggestion at Monday morning’s meeting of the President’s Economic Recovery Advisory Board (PERAB).

In addition to creating energy savings, Doerr suggested that retrofitting more than 100 million American homes would also create “high-wage, permanent jobs that will not be out-sourced.”

“Just as the Cash for Clunkers program mobilized American car dealers to promote their fuel-efficient cars, so could a Cash for Caulkers program engage private enterprise, such as Lowe’s and Home Depot, to put private capital to work,” Doerr said.

Read the full article here: http://www.politicsdaily.com/2009/11/02/cash-for-caulkers-program-infrastructure-bank-proposed/

Green jobs may pay well

by Marcia on
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There is good news for people looking to green jobs to replace some of those in the recession. Clean-tech jobs often pay well, according to a report by PayScale and Clean Edge. Most of the jobs required a bachelor’s degree, and a large portion are engineering jobs. The New York Times/Green Inc. blog (10/15)

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