Financing continues to be one of the top challenges in the marketplace for energy retrofits and renovations. In efforts to address this challenge, DOE created the Financial Ally program as part of the Better Buildings Challenge. Financial Allies support energy investments by making their finance products available and demonstrating their approaches through published implementation models. Since the launch of the program, financial allies have invested more than $26 billion in energy projects.
To date, Better Buildings, Better Plants partners have saved more than 3.6 quadrillion Btu, saving more than $22 billion and 224 million metric tons of CO2.
Financial Allies are actively seeking new partners to work with and can help drive energy efficiency success for commercial, multifamily, industrial, and public buildings.
Watch all previously recorded webinars in the On-Demand Webinars library sorted by popular topics such as resilience, zero energy buildings, and more.
Featured Solutions
This document clarifies the differences between two popular energy service contracts, Efficiency-as-a-Service (EaaS) and Energy Savings Performance Contracts (ESPCs).
The Finance and Resilience Roadmap is a set of resources and case studies designed to help commercial building owners develop a plan for measuring, managing, and mitigating resilience risk.
This toolkit provides energy resources and energy project case studies for building owners and developers to take advantage of commercial PACE for new construction.
This toolkit provides resources and project case studies for building owners, operators, and occupants that may want to take advantage of efficiency-as-a-service to improve energy and water performance in their facilities.
Stevens Institute of Technology issued a green bond to help fund the development of LEED Silver-certified on-campus housing and a multi-purpose center.
The energy efficiency and renewable energy finance space is constantly adapting to new market developments and financing innovations. During this 2021 Summit session, several market experts weighed in on recent trends in several key financial products.
This webinar explored how three leading organizations used finance to address their carbon profile.
A one-page factsheet which describes the Financial Allies program, resources, and relevancies to Better Buildings and Better Climate Challenge partners.
Other Resources
Fact Sheet
This fact sheet explores how commercial property assessed clean energy (CPACE) financing can be used to fund resiliency improvements that make buildings more resistant to natural disasters and other threats.
A one-page factsheet which describes the Financial Allies program, resources, and relevancies to Better Buildings and Better Climate Challenge partners.
General
Implementation Model
Prologis, Inc., took advantage of commercial PACE financing to retrofit its headquarters at the historic Pier 1 building in San Francisco. The projects financed are projected to reduce electricity consumption by 32% and save nearly $100,000 annually.
The District of Columbia's Department of General Services engaged Sol Systems to develop one of the largest onsite solar energy projects in the U.S. on a 12-month timeline using a unique power purchase agreement. The project spans 35 facilities, including schools, hospitals, police facilities, and more.
The AlabamaSAVES Program acquired a participating interest in a third-party loan through its Participating Loan Program to support the redevelopment of the Mercantile National Bank Building in downtown Mobile, enabling the implementation of a suite of energy efficiency measures throughout the building that will result in significant avoided energy costs.
Citizen Energy completed projects at two separate multifamily properties with different ownership structures using an efficiency-as-a-service financing solution, resulting in cash-flow positive outcomes since day one.
Presentation
Come away from this session equipped with everything you need to know about energy efficiency and renewable energy finance at a high level. This session reviewed recent trends in finance, including new financial products, current market data, and key barriers. Panelists also highlighted the Better Buildings Financing Navigator 2.0, an online tool that helps organizations find financing solutions for efficiency and renewables.
How do major financial institutions think about energy efficiency? What will it take to drive more capital into these projects? Join this session to get those very answers, and learn about the current efforts to standardize energy efficiency into an investable asset class.
Explore recent developments in efficiency-as-a-service, a relatively new financing mechanism in which customers pay a provider for the service of energy savings. Panelists also discussed recent high-profile corporate energy services agreement (ESA) deals, as well as emerging non-ESA models like lighting-as-a-service.
Commercial property-assessed clean energy (CPACE) financing is a hot topic, but it is often poorly understood. This session dove into the state of the growing CPACE industry, with perspectives from both small and large financing companies.
Energy efficiency projects in small, rural, and low-income communities have often struggled to access to low-cost capital, despite representing a significant economic opportunity. This session covered new financing approaches designed to serve these communities. Panelists discussed Community Reinvestment Act lending as well as mission-driven private sector programs that use a variety of financing mechanisms to unlock access to capital.
This session explored industry trends and panelists discussed existing and emerging "as-a-service" models.
Spoiler alert: there's no shortage of capital for the right deal. So what does a good deal look like to investors and lenders? This panel covered key requirements for successful energy efficiency borrowing from the perspective of private banks and mission investors.
This session addressed key questions to ask when looking for project financing, especially if you are a building owner, executive, or other decision-maker. We covered how to select the right financing option, find and vet providers, capture incentives, and avoid common pitfalls.
This session covered the state of the efficiency financing industry in broad strokes, targeted at a general audience. Leading experts guided us through topics including trends in both new and old financing products, key policy changes affecting the industry, and the market outlook for 2018 and beyond.
Green banks continue to gain popularity as a way for state and local governments to catalyze the development of the clean energy economy. This session explored recent trends in green banks, key challenges, and what this means for building owners and the market more broadly.
Green banks are helping unlock clean energy investment across the U.S. and the world. This session reviewed current developments in green banks, including the recent trend toward county-level banks, city-level banks, and international collaboration around green banks.
Solutions at a Glance
Metrus Energy reaches efficiency-as-a-service deal to upgrade HVAC, building automation, hot water controls, and interior lighting at Jack Hebrew Academy with support from Pennsylvania's Green Energy Loan Fund.
Efficiency upgrades often focus on improvements at one site due to the upfront costs required to finance a project. Citi and Metrus Energy developed a multi-site, multi-state Efficiency Service Agreement (ESA) that allows customers to implement projects with no upfront capital expenditure, demonstrating how ESAs can achieve scale.
Toolkits
This toolkit provides an overview of CPACE financing to help building owners, operators, and occupants improve resilience in their facilities.
Webinar
This webinar detailed ways and available tools to find funding for energy efficiency projects and how to avoid common pitfalls.
On this webinar, we highlighted the efficiency-as-a-service toolkit and Better Buildings Financial Allies shared insights from the field.
This webinar demonstrated the use of a planning tool developed by Stewards of Affordable Housing for the Future (SAHF) that helps you create a strategy for reaching energy or water reduction targets for your portfolio, sort through different conservations options, and make informed choices that demonstrate to decision-makers a concrete path to success.
This webinar explored the successful implementation of two energy efficiency projects, one small and one large; there was a facilitated discussion that compared and contrasted the characteristics of each.