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Green Jobs - Green New York Presentation for LIFE

May 18, 2011Southern Tier

Presented by NYSERDA

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Statewide initiative established in Public Authorities Law October 2009

Goals: – Promote energy efficiency and energy conservation– Reduce energy consumption and costs – Reduce greenhouse gas emissions – Support sustainable community development – Create green job opportunities, including for emerging,

unemployed and displaced workforce

Overview of Green Jobs – Green New York

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Program Development and Implementation Strategy

• Deliver through existing programs – Speed deployment – Reduce marketplace confusion

• Develop new financing strategies• Give CBOs opportunity to work with stakeholders in

targeting community benefits• Expand on existing workforce development programs • Leverage other training and job placement resources

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Implementation Approach

– Aggregation of households recruited by CBOs in targeted communities

– Enable Community Benefit Agreements

– Career pathways through community-based skills training, classroom, OJT, certifications

– One-Stop Career Centers as a central resource

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Workforce Development:Community Benefit Agreements

• Enter into contracts with CBOs and local contractors

• Local hiring, training, wage, benefit or other requirements

• Target women, minorities, low-income and those with barriers to employment

• Contractors to work with local One Stop Career Center

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GJGNY: Phased Rollout GJGNY Component Status

1-4 Family HomesNo cost/ low cost audits & financing launched in November 2010

MultifamilySubsidized audits launched in September 2010Financing expected in 2nd quarter 2011

Small Business/ Not-for-ProfitNo cost/ low cost audits available January 2011Financing expected in 2nd quarter 2011

CBO Outreach RFP closed in February 2011

Workforce Development Multiple RFPs out or in development

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Small Residential Sector

Implemented through Home Performance with ENERGY STAR®

Program

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GJGNY New Program Features1-4 Family Homes Sector

No-cost/low-cost audits funded through GJGNY

New financing options available through GJGNY

Maximum GJGNY loan amount of $13,000 and minimum of $3,000, except $1,500 for Assisted Home Performance borrowers

GJGNY Loan and HPwES incentives may be used together in market rate jobs

Projects must achieve a Savings to Investment Ratio (SIR) greater than 1

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GJGNY Median Family Income 2010

County Name Median Household

Income200% 300% 400%

Albany $75,500 $151,000 $226,500 $302,000

Allegany $49,800 $99,600 $149,400 $199,200

Bronx $62,300 $124,600 $186,900 $249,200

No-cost/low-cost energy audits Available to homeowners with income under

200% - 400% AMI

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50% Work Scope Subsidiesfor households with incomes less than 80% AMI

NYSERDA pays for 50% of the cost of eligible measures, up to $5,000 subsidy for single-family home or $10,000 subsidy for two to four family home.

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Low-Interest Loans

• Unsecured loan• 5,10,15 yr loan term • Interest Rate 3.99% - current rate under

HPwES program/3.49% if borrower repays through auto pay

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Standard Loans

• Credit score 640 or higher (680 or higher if self-employed for 2yrs or more; 720 or higher if self-employed less than 2yrs)

• Debt-to-income ratio < 50% • No bankruptcy within last 7 yrs• No outstanding collections, judgments or tax liens >

$2,500

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Alterative Loan Standards• Energy bill payments must be current for two consecutive

months during each of the last two years;• No energy or mortgage payments more than 60 days late in

the last two years;• Debt-to-income ratio less than 55%;• No bankruptcy, repossession, or foreclosure within the last

seven years;• No outstanding collections, judgments or tax liens greater

than $2,500; and• Current on mortgage payments for the last year

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10% Incentives• Customers are eligible to receive an

incentive of 10% of the cost of the cost-effective work scope AND access to low-interest rate financing.

OR• Customers may choose to access

utility rebates for eligible measures in lieu of NYSERDA’s 10% incentive AND access to low-interest rate financing.

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To Follow Up …

• Visit www.nyserda.org/GreenNY/ for more program information on Green Jobs – Green New York

• Visit “Green Careers” web site www.greencareersny.com

• Visit www.getenergysmart.org for more information on Home Performance with ENERGY STAR GJGNY Incentives

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Questions?