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Green Jobs - Green New York Presentation for LIFE

May 19, 2011Western NY

Presented by NYSERDA

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Agenda1. Green Jobs-Green New York (GJGNY) Overview2. Program Development and Implementation

Strategy3. Workforce Development4. Sector Overview3. Question & Answer

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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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Overview of Green Jobs – Green New York (cont.)Funding: $112 million from the Regional Greenhouse Gas

Initiative (RGGI)Target Participants: Residential, multifamily, small business,

and Not-for-Profit property owners Features:• No-cost and reduced-cost energy audits • Innovative financing through revolving loan fund • Aggressive workforce development and job placement• Outreach by constituency-based organizations serving

targeted communities

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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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Multifamily Sector

Implemented through the Multifamily Performance Program (MPP)

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MPP ProcessPLAN• Select and hire a Multifamily Performance Partner• Submit application and signed Terms and Agreement• Attend a Scoping Session with NYSERDA Project

Manager• Review and approve Energy Reduction Plan prepared

by PartnerINSTALL• 50% Completion Inspection• Substantial Completion Inspection

MEASURE• Post construction benchmarking

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New Program Features• GJGNY funds are used for payment #1• New financing options available through

GJGNY for multifamily projects are being finalized

• GJGNY financing will be eligible on the balance of the cost of the measures after the MPP incentives

• To be eligible for GJGNY financing, financed workscopes must achieve a Savings to Investment Ratio (SIR) of 1.0 or greater

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Small Business / Not-for-Profit Sectors

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• Qualified Energy Audits– FlexTech Energy Audits– Utility or Private Sector Audits – Business Partners (not yet available)

• Expeditor Support• Revolving Loan Fund

Components of SB/NFP

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Expeditor Function:– GJGNY funded to support customer from

audit to implementation– Bridge across audit, implementation, & financing– Assist customer in understanding audit recommendations– Identify EEPS incentives (NYSERDA or utility)– Identify projects and amount eligible for loan fund

Projected launch 2nd half 2011

Expeditors

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Revolving Loan Fund Plan:– GJGNY interest rate: 0.0% ; lender portion: market rate– Maximum GJGNY share: $26,000– Loans originated by lenders statewide– Loan amount to be net of incentives

Expected launch 2Q 2011

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?