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Energy Efficiency Financing Innovation on College Campuses Rob.Pratt@GreenerU.com

Energy Efficiency Financing Innovation on College Campuses Rob.Pratt@GreenerU.com Billion Dollar Green Challenge Panel AASHE, October 11, 2011. Energy Efficiency as the First Fuel EE should be at the top of every college’s “To Do” List

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Energy Efficiency Financing Innovation on College Campuses Rob.Pratt@GreenerU.com

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  1. Energy Efficiency Financing Innovation on College Campuses Rob.Pratt@GreenerU.com Billion Dollar Green Challenge Panel AASHE, October 11, 2011

  2. Energy Efficiency as the First Fuel • EE should be at the top of every college’s “To Do” List • Best way to reduce energy costs, address deferred maintenance • Most cost effective way to reduce carbon emissions • Good news is that most energy efficiency projects can be paid for through energy savings • Bad news is that delay means colleges are throwing away $$ • Continued delay often means the loss of $100,000 – $300,000 / year • Over 5 years, loss can reach $500,000 to $1,500,000+ • Result being many more tons of GHG emissions

  3. Financing as Key to Accelerating EE • Colleges know they should do it, but concerned about cost • In tight budgetary times, can’t seem to get it done • EE champions can’t persuade the CFO to move forward • Innovative financing mechanisms & tools can help • The Roadmap • Strategize EE priorities through careful audit of campus • Utilize innovative financing approach suited to your school • Build support with key campus stakeholders • Complete through major, phased program

  4. Energy Efficiency is the Best Investment Why your CFO should be on your side!!

  5. Traditional Financing Approaches • Funding from college’s operations budget • Electric or natural gas utility rebates • Performance contracts (10-20 year ESCO financing) • Tax exempt bond financing Use them if they work for your college !

  6. Additional Financing Approaches • Revolving Loan Funds • Such as through Billion Dollar Green Challenge • Great way to create momentum and establish fund for EE, etc. • Student fees for sustainability/EE/RE investments • Green donors • Endowment financing • Leasing arrangements • Power purchase agreements • State financing authorities (as in PA program) • 0% or low interest financing availability (states or utilities)

  7. The Power of Innovative Finance Illustrative College Energy Efficiency Installation Business as Usual = $8 million program over 5 years • Utility Rebates • Operating budget contributions

  8. Power of Innovative Finance – A 5 year Program Business as Usual = $8M Being Innovative = $24M • Green Donors • Endowment Financing • Reinvested Savings • Utility Rebates • Ops Spend • Utility Rebates • Ops Spend $

  9. Thank You! Rob.Pratt@GreenerU.com Billion Dollar Green Challenge Panel AASHE, October 11, 2011

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