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
| May 9, 2013
Proposed ASHRAE systems manual uniform procedure guideline open for public review
A proposed guideline that will establish a uniform procedure for transmitting design, construction, testing, and operational information to building owners and operators is open for public comment.
| May 9, 2013
Post-tornado Greensburg, Kan., leads world in LEED-certified buildings per capita
Six years after a tornado virtually wiped out the town, Greensburg, Kan., is the world's leading community in LEED-certified buildings per capita.
| May 9, 2013
SMACNA’s new HVAC sound and vibration guide open for public review
Sheet Metal and Air Conditioning Contractors National Association’s (SMACNA’s) new “HVAC Systems Sound and Vibration Guide” is available for a 45-day public review.
| May 9, 2013
NSF Sustainability launches VOC emissions testing, certification for commercial furniture industry
New program offers sustainable certification and indoor air quality testing for commercial furniture makers.
| May 1, 2013
House bill would give OSHA more authority over state workplace-safety plans
A recently introduced U.S. House of Representatives bill would give the Occupational Safety and Health Administration (OSHA) more authority over state workplace-safety plans and toughen penalties for companies that knowingly violate OSHA regulations.
| May 1, 2013
New commercial landlord disclosures go into effect in California in July
Two new landlord disclosure requirements become effective in California on July 1, 2013.
| May 1, 2013
New ASHRAE residential indoor air quality standard adds carbon monoxide alarm requirement
The new 2013 version of ASHRAE’s residential indoor air quality standard adds a requirement for carbon monoxide alarms.
| May 1, 2013
AAMA publishes standard for multipoint locking hardware for side-hinged doors
The American Architectural Manufacturers Association (AAMA) recently published the first North America standard for multipoint locking hardware for side-hinged door systems.
| Apr 24, 2013
‘W visa’ program could hamper construction industry's growth
The Senate’s bipartisan immigration reform proposal will provide interim legal status to some 11 million undocumented people.
| Apr 24, 2013
North Carolina bill would ban green rating systems that put state lumber industry at disadvantage
North Carolina lawmakers have introduced state legislation that would restrict the use of national green building rating programs, including LEED, on public projects.