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Yucaipa Energy Independence Program

Yucaipa Energy Independence Program. Yucaipa Energy Independence Program. AB 811 signed into law on July 21, 2008 Enables Property Owners to make responsible and affordable energy improvements to existing structures

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Yucaipa Energy Independence Program

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  1. Yucaipa Energy Independence Program

  2. Yucaipa Energy Independence Program • AB 811 signed into law on July 21, 2008 • Enables Property Owners to make responsible and affordable energy improvements to existing structures • Provide unique financing and repayment vehicle to the Property Owner to fund Improvements

  3. Yucaipa EIP - Background • City enters into agreement with Property Owner to fund energy improvements to existing residential and commercial property • Property Owner agrees to a contractual assessment on property tax bill for either 10, 15 or 20 years • Criteria for Loan Approval: • Current on property taxes • Current on mortgage • Improvements are limited to 10% of assessed value of property • Property secures the loan and the loan stays with property • Initial program loans carry 7% interest rate

  4. Eligible Energy Improvements HVAC Systems Skylights Tankless Water Heaters Attic & Wall Insulation Cool Roof Systems High Efficiency Windows

  5. Photovoltaic (Solar Panels)

  6. Yucaipa EIP Process • An Application is filled out by Property Owner listing proposed improvements • Preliminary field assessment is made of proposed improvements • Application is approved if improvements qualify and loan criteria are met • City Staff reviews and gives approval of project • Assessment Contract between Property Owner and City is signed • Improvements are made by Property Owner/Contractor • Funds Released to Property Owner • Lien/Assessment placed on parcel by City Staff

  7. Yucaipa EIP Documents • Program Report and Administrative Guidelines • Overview of the program and directing document • Appendix A (page 320) • Map of City’s Boundaries • Appendix B (page 321) • List of Eligible Energy Improvements • Appendix C (page 323) • Loan Application to be filled out by Property Owner • Appendix D (page 335) • EIP Assessment Contract • Appendix E (page 354) • Summary of Loan Process

  8. Yucaipa Energy Independence Program

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