cbj energy deck august 2015.pptx

8/20/2019 CBJ Energy Deck August 2015.pptx

1/16

Making Maryland & DC Properties More Energy Efcient

Claire Broido Johnson Jordan CollinsPresident Vice President & General [email protected] | 443.226.0273 [email protected] |202.285.477

!"g"s# 205

SMART CAPITALEFFICIENT REAL ESTATEENHANCED VALUE


2/16

• 00$ "%&'ron# (nancing )i#h no o"#&o'&%oc*e# %aymen#s "sing

Commercial Pro%er#y Assessed Clean Energy +C-PACE, %rogram

• 20 year (-ed in#eres# ra#e deb#

• B"ilding im%roemen#s %ay 'or #hemseles #hro"gh "#ili#ysaings

• /nhanced asse# al"es 'rom im%roed cash o)s and be##ero%era#ions

ENERGY IMPROVEMENTS INCREASE BOTHNET OPERATING INCOME + PROPERTY VALUE

2

CBJ Energy Make I! Eay F"r Pr"#er!y O$ner !"Dee#%y Re!r"&! B'(%)(ng

Good for Business. Good for theEnvironment.


3/16

CASE STUDY*COMMON AREA LIGHTING RETROFIT

3

Se%F'n)e)

Gr"Leae

Tr(#%e Ne!

*Assumptions: $33,000 Annual Energy Savings // 6.1 Year Simple Paya!" #0year %erm // 6& 'nterest (ate // )& is!ount (ate +or P- analysis Eample +rom PAEo.org

PACE

,. S/0 F!0 B'(%)(ng12. In3e!4en! 5,6177. Ann'a% EnergySa3(ng


4/16

. Credi#)or#hy o)nershae already )"neenergy e89(en9y :%"$;ang(ng r'(!< +i.e. 1/

ligh#ing,2. ee% energy eciency

re#ro(#s and rene)ableenergy %rojec#s o'#enhae a =+ year

#ay>a9k 3. B"ilding o)ners o'#en

?(# #heir %ro%er#y e3ery@- year

PROPERTYONERS MAE DEEP ENERGYIMPROVEMENTS

4

sing C&!C/ (nancingsoles #hese m"#"ally

e-cl"sie iss"es

beca"se

e#ro(# %aymen#s!raner $(!; !;e

#r"#er!y as as%ecial s"rcharge


5/16

C-PACE BACGROUND


7/16

C-PACE TIMELINE 2 - 2=@

7

!C/ Crea#ed

Ber*eley= C!

+,,

A !

!C/!"#horied

+,,

C

!C/!"#horied

+,,

C

s# !C/ rojec#

+,0

aryland

!C/!mended

+,1

on#gomery A !nne!r"ndel !C/ Drdinances

assed

+,2

:330mm i%eline +Commercial only, EE 3 9#a#e rograms


8/16

C-PACE ROLL-OUT IN MARYLAND DC

8


9/16

HO C-PACE ORS

F

=0 CBJ I)en!(&e B'(%)(ng I4#r"3e4en!

20 CBJ S"'r9e Pr"e9! F(nan9(ng

70 CBJ F(%e PACE Ae4en!

0 CBJ Se%e9! C"n!ra9!"r !" Per"r4Re!r"&!

@0 F(nan9er Pr"3()e Pr"e9! Ca#(!a% !"#ay "r Re!r"&! K1

,0 C"n!ra9!"r Per"r4 Re!r"&!

0 Re>a!e r"4 U!(%(!y

0 Pr"#er!y O$ner Pay PACE S'r9;arge"3er!(4e K1

0 PACE A)4(n(!ra!"r Pay F(nan9er"3er !(4eK1

ro%er#yD)ner

Con#rac#or

;inancer

Co"n#yE!C/!dminis#ra#o

r

=

7

2

@ K1

,

K1

K1

K1


10/16

C-PACE BENEFITS


11/16

An Energy Efciency Building:

• 1o)ers energy cos#s= increases Ge# D%era#ing Hncome +GDH,

• Hncreases %ro%er#y mar*e# al"a#ion and goernmen# #a- reen"e

C-PACE Eectively Finances Building !prove!ents

• ! %roen m"nici%al %rogram a%%lied #o ne) b"ilding ines#men#s

• roides lo)&cos#= longerm= %ria#e ca%i#alI

PACE Financing is a "urc#arge on a $a% Bill

• ol"n#ary s"rcharge added #o #a- bill

•

Hnes#men# sec"red by %ro%er#y= no# #he o)ner or #enan#s• ro%er#y o)ner inc"rs no deb# 'or (nancing b"ilding im%roemen#s #hro"gh

!C/

• >he goernmen# inc"rs no liabili#y. D#her %ro%er#y assessmen#s are no#im%ac#ed

• Go '"nding re"ired 'or %rogram adminis#ra#ion K #he %rogram is sel'&s"cien#

• 9enior lien #o mor#gage holders

A HIGH PERFORMING BUILDING IS ALAYSA MORE VALUABLE ASSET


12/16

BENEFITS SAVINGS INVESTMENT

2

C-PACE Financial Advantages

• 1onger %aybac* %rojec#s +e.g. dee% re#ro(#s and solar, no) cash o) %osi#ie

• !C/ can '"nd %rojec# Lso'# cos#sM li*e a"di#s= design= %ermi#s= e#c.

• Go borro)er colla#eral re"ired K #rea#ed as o%era#ing e-%ense

• /ligible %asshro"gh e-%ense "nder #ri%le&ne# lease

• Gon&reco"rse= non&accelera#ing (nancing

• /nergy saings can be g"aran#eed

Co!ple!ent "tate & Federal ncentives

• !ccelera#ed e%recia#ion +!C9,

• 9olar A C Hnes#men# >a- Credi# +H>C,

• #ili#y Hncen#ies A eba#es +/mo)er aryland,

Econo!ic Benets

• 9#im"la#es local real es#a#e sec#or

• ries 'ederal and s#a#e carbon red"c#ion %olicies

•

!ailable 'or lo)&income ho"sing and non&%ro(#s


13/16

CB' Energy (as E%tensive Clean Energy "ector E%pertise

• 3ene4a5le Project #evelopment EE S'nE)("n KSUNE F"'n)er

• E6cienc7 *inance EE Hann"n Ar4!r"ng KHASI

• E6cienc7 Business #evelopment EE Ne! S!e# L(3(ng

• Government Pro!rams EE U0S0 De#ar!4en! " Energy

• (e!al & 3e!ulator7 EE M(n! Le3(n +N3 Clean#ech rac#ice,

$urn-)ey Progra! *or C-PACE:

• ;inancing

•;ilings

• ;ield Oor*

• ;ollo)&"%

CBJ ENERGY DELIVERSTURNEY C-PACE SOLUTIONS

3

CB8 Ener!7 can +riginate,

Finance, and E%ecute allaspects of a C-PACE $ransaction


14/16

• C&!C/ (nancing s#r"c#"res )ill enable C A %ro%er#y o)ners #oI

• Re)'9e Energy C"!

• In9reae Ne! O#era!(ng In9"4e KNOI

• En;an9e Pr"#er!y Va%'a!("n

• C&!C/ (nancing is oP&balance shee# deb# re"iring no "%'ron# ca%i#alre%aid #hro"gh a ol"n#ary s%ecial #a- assessmen#

• CBJ /nergy %roides #"rn*ey serices so b"ilding o)ners bene(# 'rom C&!C/ easily and ecien#ly.

SUMMARY

4


15/16

• Hn#rod"ce CBJ /nergy A C&!C/ bene(#s #os#a*eholders

• /ngage %ro%er#y o)ners #o iden#i'y energy "%grades• !ssess o%#imal energy re#ro(# and rene)able

meas"res

• eie) (nancing o%#ions and selec# ca%i#al %roider

• /-ec"#e

NEQT STEPS

5


16/16

THAN YOU

Claire Broido Johnson Jordan Collinsresiden# ice residen# A ?eneral Co"[email protected] | 443.226.0273 [email protected] |202.285.477

cbj energy deck august 2015.pptx

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