Energy Efficiency: Benefits to Apartment Owners & Tenants

1. Energy Efficiency:Benefits to Apartment Owners & Tenants Tim Perrin Neil Curtis Vermont Law School July 28, 2010

2. Glossary of Terms Conservation: Turning the light off Efficiency: Getting the best light in the right location in the most efficient manner Renewable Energy: Lighting the bulb with a renewable energy source (i.e. Wind, Solar, Other)

3. Efficiency: Our most cost-effectiveenergy resource

4. Efficiency Vermont: Who We Are • Nation’s first statewide provider of energy efficiency services • Created by the Vermont Legislature and Vermont Public Service Board in 2000 • Competitively-bid, performance-based contract managed by Vermont Energy Investment Corp.

5. Efficiency Vermont: What We Do • Technical Assistance & Recommendations • Coupled with Economic Analysis • Collaborate with Architects / Contractors • Provide “Objective Expertise” • Financial Incentives & Assistance

6. Efficiency Vermont: How We’re Funded • Through an Energy Efficiency Charge (EEC) on all electric bills • Average residential customer ~$2-3 per month • Most states have energy efficiency services—typically managed by their electric utility • Other programs: charges buried in electric rates

7. Why is Energy Efficiency Relevant • Energy Efficiency Can… • Lower Operating Costs • Increase Comfort • Improve Occupant Health & Productivity • Improve Building Durability & Value • Reduce Maintenance Issues

8. Performance Issues: Heat Loss

9. Performance Issues: Moisture

10. Apartment Owner Goals = Tenant Goals • Maintain building infrastructure • Reliable mechanical equipment • Reduce apartment turnover & complaints • Tenants can afford paying rent The building doesn’t fall apart Stay warm (and don’t have to call) No need to look elsewhere Reduce housing expenses – Improve sales potential for apartments –

11. The Barrier to Implementation • Apartments suffer from “the split incentive” • Landlord owns the building • Tenant pays electric, sometimes fuel bills • What is the incentive to make changes?

13. Pluck the Low-Hanging Fruit • Compact Fluorescent Lights • Stop Uncontrolled Air Movement • Programmable Thermostat • Low-Flow Showerheads / Faucets • Annual HVAC Servicing

14. A Bit Higher Up the Tree • Add More Insulation R-38 in attic, R-19 in walls, R-10 in basement • Choose Energy Star® Appliances Use 10-50% less energy than standard model • Remove Electric Heat & Hot Water Costs 10-40% more than other heating sources

15. Vermont Fuel Price Report (Source: http://publicservice.vermont.gov/pub/vt-fuel-price-report.html)

16. Fruit Near the Top of the Tree • New Energy Star® Windows • Heating System Replacement • Evaluate Water-Heating Options • Resizing of Air Conditioning System

17. Efficiency Vermont:Your Resource for Energy Savings • Home Performance With Energy Star • Vermont Energy Star Homes • Efficient Appliances / Lighting • Technical Assistance

18. Services: Home Performance • Comprehensive Approach • Audit and Implementation • Certified Contractors • Trained by Efficiency Vermont

19. Services: Home Performance • Energy Audit • Installation • Pre- and post- “metering” • Rebates

20. Home Performance Incentives

22. Services: Rebate Programs • Lighting • “Smart” Power Strips • Energy Star Appliances • Refrigerator • Clothes washer • Air conditioner • Dehumidifier

23. Multifamily Housing Rebate Application • ENERGY STAR Refrigerator: $150 Rebate!! • FREE Water conservation • Controlled Ventilation: • $110 Rebate!! • FREE CFL’s

24. Heating & Cooling Incentives

26. When Is the Best Time to Contact Us • New appliance • Renovation • Tenant changeover • Planned repairs/upgrades • Recurring problems • Reduce energy costs

27. Questions?

28. How to Reach Us… • Efficiency Vermont • 255 S. Champlain Street • Burlington, Vermont 05401 • _______________________ • (888) 921-5990 Phone • www.efficiencyvermont.com