The Environmental Defense Fund’s Investor Confidence Project (ICP) and Pacific Gas and Electric (PG&E) have launched a new pilot project to accelerate energy efficiency retrofits on existing buildings.
The program will provide interest-free loans to energy performance contractors who use ICP’s Investor Ready Energy Efficiency (IREE) certification. This certification brings rigorous measurement and verification metrics to energy efficiency retrofit projects.
The interest-free loans will be offered under PG&E’s existing On-Bill Financing (OBF) program, giving qualifying energy efficiency projects in existing commercial and multifamily buildings access to up to $100,000 at no interest. Qualifying projects will show positive cash flow for building owners – meaning loan payments will be less than bill savings.
EDF’s ICP is also running a pilot through the New Jersey Board of Public Utilities (NJBPU), and is the standard for property-assessed clean energy loans (PACE) in the state of Texas. Additional ICP programs for building owners, investors, and performance contractors exist in a half-dozen other states in the U.S. and across the European Union.
Related Stories
Codes and Standards | Feb 22, 2018
GBCI will certify underwriting standard for energy efficiency projects
Investor Ready Energy Efficiency (IREE) certification aims to boost confidence in predicted energy and financial savings.
Codes and Standards | Feb 21, 2018
FEMA document provides simplified seismic design provisions for low-hazard regions
Forty four states have areas defined as low-hazard.
Codes and Standards | Feb 20, 2018
Federal budget includes disaster mitigation provisions
Bipartisan bill encourages states to adopt latest building codes.
Codes and Standards | Feb 19, 2018
Easy access to indoor environment controls yields improved efficiency and workplace productivity
JLL/Purdue University project is developing algorithms to improve indoor comfort.
Codes and Standards | Feb 14, 2018
After Energy Star stopped certifying medical properties, a REIT developed its own certification
Welltower uses internal system to evaluate total building performance.
Codes and Standards | Feb 13, 2018
Rezoning, innovative investor enabling development of a “metroburb” in New Jersey
Indoor mixed-use “Main Street” blossoms in giant former Bell Labs building.
Codes and Standards | Feb 12, 2018
Publication provides insight into managing risk of wind-borne debris damage
Explains how models and data are used to assess the risk of structural damage.
Codes and Standards | Feb 8, 2018
EPA’s Water of the U.S. rule delayed for two years while repeal sought
Controversial Obama-era regulation may never be implemented.
Codes and Standards | Feb 5, 2018
Astrophysicist turns his skills toward identifying and predicting location of vacant buildings
Project could help Baltimore and other cities redevelop blighted properties.
Codes and Standards | Feb 5, 2018
Denver’s new green roof mandate raises implementation policies
Voter initiative left many details undecided.
