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Learn about the CPUC financing workshop highlights, loan terms, amounts, and program elements for small commercial and institutional customers. Explore challenges and opportunities for both customer segments, potential program designs, and focused energy efficiency measures.
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On-Bill Financing for 2009-2011 CPUC Financing Workshop - June 15, 2009 Brian DiGiorgio, PG&E Technology Transfer
PG&E EE Portfolio Filing proposal Program elements – striving for Statewide consistency- • Loan terms out to five years for small commercial customers; • Loan terms out to 10 years for institutional customers; • Loan amounts up to $100,000 for small commercial customers; • Loan amounts up to $250,000 for institutional customers; • Loans funded using energy efficiency funds with program management by each IOU; and • Loan defaults insured through energy efficiency funds.
Points of interest…and challenges Institutional Customers- Many are like small businesses (capital constraint, lack of knowledge, lack of staff, “small” facilities) • Need simplicity and are asking for turnkey solutions Larger Institutional customers scoff at $250K max (many projects over $250,000 in the queue) • Need for a big program to make progress. Is cost of market-rate capital a deal-killer, or will private funding with on-bill repayment be compelling?
Points of interest…and challenges Small Commercial Customers- Market research deferred due to Bridge Funding, but our pilot and other sources suggest that: • Comprehensive solutions are expensive and hard to sell to small businesses • Programs are best rolled out slowly, and built upon increasing competence and successes • Best to leverage existing sales forces (contractors and sales teams) to identify likely customers
Potential Institutional Customer Program designs Two flexible Line Item Billing solutions- • Energy Efficiency-funded program, with focused measures • Market rate, third-party funded program for: • large projects • high transaction volumes • bundled solutions Focused measures and effort- • Commercial pools retrofits? • HVAC? • Prior lost opportunities? Or…all eligible measures as a layered tool?