Michigan’s Oxford Area Community School District entered into an energy savings performance contract and issued limited tax general obligation bonds to fund the up-front costs of almost $3 million of energy-related improvements. Case study is excerpted from Financing Energy Upgrades for K-12 School Districts: A Guide to Tapping into Funding for Energy Efficiency and Renewable Energy Improvements.
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Williamson County School District entered into an energy savings performance
contract with an energy services company and completed a $5.7 million lease-purchase agreement to fund a range of energy-related improvements across 27 school facilities. Case study is excerpted from Financing Energy Upgrades for K-12 School Districts: A Guide to Tapping into Funding for Energy Efficiency and Renewable Energy Improvements.
The municipal bond–PPA model is also known as the Morris Model after Morris County, New Jersey, where the arrangement was first applied. The gist of the model is that it combines the tax monetization benefits of third-party ownership with low-cost capital in the form of public debt.
A listing of past loan loss reserve fund webinars and associated files from Department of Energy's Technical Assistance Program. Topics include: strategic energy planning, policies and programs, data management and evaluation, financing solutions, and energy technologies. To find loan loss reserve fund webinars, use the search feature on the top right of the table.
The commercial real estate mortgage market is enormous, with almost half a trillion dollars in deals originated in 2015. Relative to other energy efficiency financing mechanisms, very little attention has been paid to the potential of commercial mortgages as a channel for promoting energy efficiency investments. The valuation and underwriting elements of the business are largely driven by the “net operating income” (NOI) metric – essentially, rents minus expenses. While NOI ostensibly includes all expenses, energy factors are in several ways given short shrift in the underwriting process. This is particularly interesting when juxtaposed upon a not insignificant body of research revealing that there are in fact tangible benefits (such as higher valuations and lower vacancy and default rates) for energy-efficient and “green” commercial buildings.
This scoping report characterizes the current status and potential interventions to promote greater inclusion of energy factors in the commercial mortgage process. It includes the results of
a literature review and extensive stakeholder discussions with 40 lenders, owners, service providers, advocacy organizations and others.
The text below includes sample language and potential resources that may be used to complete appraisals of a green or high performance building. It is not intended to serve as a complete or comprehensive list, and should be utilized as a guide aid in the development of the appraisal report. Highlighted sections represent those that require specific attention from appraisers, and should be customized as necessary to reflect the actual resources and information used during the appraisal process.
This guidance walks building owners through five steps to obtaining an appraisal that evaluates the energy efficiency benefits
of high performance buildings. This may help obtain favorable terms with a lending institution.
STEP 1: Gather the information a lender or appraiser will need to analyze your property.
STEP 2: Provide contact information for development or retrofit professionals involved with the property.
STEP 3: Ask questions at the time of your loan application.
STEP 4: Review the completed appraisal closely – and objectively.
STEP 5: Ask follow-up questions regarding the appraisal report.
This tip sheet contains seven leading practices to improve your relationship your company's finance department.
This is a summary of findings from interviews with senior retail finance professionals on how to improve retailer access to financing for energy & sustainability projects. This research was conducted by the Retail Industry Leaders Association (RILA).
This report contains the findings from interviews with senior finance executives at retail companies regarding financial planning and capital budgeting strategies. The report and the supplementary key takeaways deliverable are meant to help energy and sustainability managers improve their relationships with the finance team and ultimately improve access to project financing. The interviews were conducted by the Retail Industry Leaders Association (RILA) and Deloitte Consulting LLP.
Douglas County School District faced a challenging combination of aging equipment and buildings (most over 37 years old), rising energy costs, and limited access to taxpayer funds due to the fiscally-conservative makeup of the region’s voters. The district's leadership responded creatively by beginning with an energy savings performance contract (ESPC) that utilized a tax-exempt installment purchase agreement (IPA). This case study is excerpted from Financing Energy Upgrades for K-12 School Districts: A Guide to Tapping into Funding for Energy Efficiency and Renewable Energy Improvements.