Clean Energy DC News: March 2021 Edition

Funding and Financing
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In this Issue:

In this month’s edition, we’ll take a closer look at energy-related financial resources available to our residents and businesses, and highlight the latest Clean Energy DC news to keep our stakeholders informed.

NEWS

JOIN US FOR A PANEL DISCUSSION ON INNOVATIVE FINANCING SOLUTIONS FOR BUILDING RETROFITS

Retrofitting existing buildings to meet the city’s climate vision can generate significant cost savings for building owners and tenants, but it can also represent a considerable investment of time and money. The Green Building Professional Seminar series on March 10 will examine new and innovative financing options to help the building community make their buildings more efficient. Register here.

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3 DC GREEN BANK LAUNCHES NEW FINANCIAL PRODUCT

On March 1, the DC Green Bank launched a new financial product, Navigator, which is a pre-development loan that finances analysis and design of energy improvements for multifamily properties. Eligible costs include energy benchmarking, assessments, and audits as well as design, engineering, bidding work, and more. To learn more, visit the DC Green Bank’s redesigned website.

APPLICATIONS OPEN FOR 2021 CLEAN ENERGY DC AWARD

The District of Columbia wants to recognize efforts from individuals, businesses, and organizations that make the District a more sustainable place to live. The Clean Energy DC Award recognizes the accomplishments of a person or organization that has made a significant contribution to helping the city achieve its energy and carbon reduction goals. Deadline to apply is March 19. Go to Sustainability Awards for more information and to apply online.

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4 THE DISTRICT ANNOUNCES NEW PROGRAM TO HELP LOCAL BUSINESSES REDUCE ENERGY COSTS

In February, Mayor Muriel Bowser and DOEE announced “District Buying Power” – a new program to allow local businesses to aggregate into larger buying groups, enabling them to lower their energy costs by taking advantage of bulk purchase prices. Any business account is eligible to participate — whether your business is commercial, industrial, governmental or non-profit. While multifamily accounts are often eligible, the program does not support individual residential accounts. Enroll today by visiting here.

MAYOR BOWSER APPLAUDS PRESIDENT BIDEN ON REJOINING THE PARIS CLIMATE AGREEMENT

Mayor Bowser recently applauded President Biden for his leadership in officially reentering the United States back into the Paris Climate Agreement and launching a whole-of-government approach to climate action. The Mayor also announced that the District has joined America Is All In, a national mobilization of more than 1,700 U.S. institutions working to reduce national greenhouse gas emissions 50 percent by 2030 and reach net zero emissions by 2050.

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COMMERCIAL AND MULTIFAMILY RESOURCES

The District government and other local organizations provide financial and technical resources to help make commercial and multifamily buildings more efficient. Here’s a snapshot of some resources:

  • DC Green Bank: It aims to accelerate energy efficiency improvements and the deployment of clean energy technology by leveraging private investment, removing up-front costs, and increasing the efficiency of public dollars.
  • DC Sustainable Energy Utility (DCSEU): Well known for its lighting and HVAC rebates, the SEU also provides other valuable resources, including generous financial assistance for affordable housing and clinics, pay-for-performance incentives, and technical assistance and incentives for the city’s largest energy users.
  • DC PACE: PACE provides long-term financing for building upgrades through a special tax assessment on your property that saves you money on utility bills and operating expenses with no money down.
  • Building Innovation Hub: The Hub created a database to provide an overview of the major funding/financing programs so you can make your project a reality.
  • DOE’s Better Buildings Financing Navigator: This tool provides a primer on national financing options and tools to help owners and occupants access resources.

RESIDENTIAL RESOURCES

  • The District and our partners provide a number of resources to residents seeking to reduce their carbon footprint and lower their utility costs, particularly for income-qualified residents. Many of these programs can be reviewed at the #Here2HelpDC website, but we’ve highlighted a few below:
    • DCSEU Rebates: DCSEU rebates help offset the increased cost of high-efficiency heating systems, smart thermostats, and other appliances.
    • DOEE Utility Affordability Programs: DOEE has financial assistance, discounts, and energy efficiency programs to help District residents with their utility bills.
    • Lead Reduction Program: Assists eligible households with lead hazard reduction activities to maximize the number of children under the age of six years old protected from lead poisoning in the District.
    • Solar for All - Community Solar: Income-qualified participants should expect to see a 50 percent savings on their electricity bill over 15 years and can be proud to have gone solar!
    • Solar for All - Singe Family Solar: Income-qualified District homeowners receive an installed solar photovoltaic (PV) system on their roof at no cost.
    • Electric vehicles tax incentives and rebates: Numerous local and federal incentives and rebates exist to support electric vehicle adoption.

EVENTS

JOB ANNOUNCEMENTS

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