Tapping the Energy Efficiency and
Conservation Loan Program |
For Multi-Family Housing Owners
Why address multi-family energy efficiency?
While overall energy usage continues to grow, multiple external pressures are driving increased focus on energy
consumption and efficiency, especially within the multi-family housing sector.
Regulatory
Compliance
• EPA Clean Power Plan: 32% reduction by 20301
• Growing number of municipalities require multifamily buildings to report energy consumption2
• Multi-family buildings are under-served
by energy efficiency programs, but
represent $3.4B in potential savings.3
Usage
Trends
Customer
Demand
Cost savings
opportunities exist.
How will you
capture them?
• Consumers have a large “satisfaction gap” and
desire their homes to be more energy efficient4
• Long-term consumption per-capita likely to fall in
North America5
1
Sources: 1. EPA, 2. Urban Land, 3. ACEEE , 4. HUD, 5. Demand Institute
How can EECLP help?
Energy providers and co-ops can anticipate and mitigate the impact of these changes in part through the Energy
Efficiency and Conservation Loan Program (EECLP) of the Rural Utilities Service (RUS) at USDA.
EECLP can help…
Access low-cost capital to modernize HVAC,
Modernize
lighting, insulation and other aging building
Building Stock?
features
What if you had an opportunity to….
Save on Utility
Costs?
Generate operational savings by reducing utility
costs, and anticipate cost reduction and payback
period before you begin
Meet customer needs by helping upgrade outdated
Improve Tenant
buildings with retrofits and reducing utility spend for
Satisfaction?
low-income individuals in rural communities
2
What is EECLP?
EECLP is an initiative to provide low-cost federal financing for energy efficiency and conservation in eligible rural
communities; the Rural Housing Service (RHS) is currently partnering with RUS to retrofit multi-family housing.
EECLP Benefits
Re-pays retrofit
project costs/ loan
Re-lends to
customer
RUS
Lends at
treasury rates +
1/8th
Customer
Executes
retrofit projects
Utility
Directly funds
retrofit projects
Supports EECLP
application process
Rural
Dev.
Retrofit
Implementer
 Enables modernization of
properties
 Increases tenant
satisfaction
 Advances rural prosperity
 Helps meet energy
efficiency and regulatory
requirements
 Provides deep well of low
cost, noncompetitive
capital
3
What is EECLP?
EECLP is an initiative to provide low-cost federal financing for energy efficiency and conservation in eligible rural
communities; the Rural Housing Service (RHS) is currently partnering with RUS to retrofit multi-family housing.
EECLP Fast Facts
Re-pays retrofit
project costs/ loan
Re-lends to
customer
RUS
Lends at
treasury rates +
1/8th
Customer
Executes
retrofit projects
Utility
Directly funds
retrofit projects
Supports EECLP
application process
Rural
Dev.
Retrofit
Implementer
Eligibility
• Electric service providers in rural
areas (pop. < 20K) served by RUS
Loan Terms
• Tied to the useful life of the asset
• Typically 15 years
Sample Projects
• Energy efficiency and conservation
projects (e.g., on-bill financing)
• Weatherization, HVAC and water
heater upgrades
• Fuel cells
• Energy audits
• Utility energy services contracts
• Consumer education and outreach
programs, and
• Re-lamping for more efficient
lighting
4
What are the next steps?
1
State ids interested
co-ops
2
*Co-ops agree; Begin
EEP Planning
3
Identify MFH Buildings
in Service Area
4
(Optional) EEP
Development Workshop


State Energy
Program
1
2 Owners agree; Begin 3
estimating
investment need


RHS
+
Industry Trade
Group
5
Rural Co-op
RHS & Industry Trade
Group ids interested
housing owners
Multifamily
Housing Owners
*Note: While Rural Co-Ops are shown
here,
EECLP is available to all
Electric Utilities
Complete
estimation;
Receive quotes
4
Develop funding
request business
case
Investment Decision Workshop
to Select Retrofit Projects