Welcome Home to SavingsTeam BulldogMarch 14, 2014

Problem Statement 100 mw of renewable energy capacity installed at federally subsidized housing by 2020

Infrastructure resiliency

Incentivizing investments in renewable and distributed energy

Priority SitesGENERAL METRICS

◦ High density◦ High energy bill

DISTRIBUTED ENERGY

◦ Tri-generation◦ Natural gas & electricity prices◦ Areas susceptible to natural disasters

Priority Sites, continued 2

RENEWABLE ENERGY

◦ Solar power◦ Solar Insolation◦ Air Density◦ Snowfall◦ Wind

Rank 1 2 3 4 5 6 7 8 9 10State California Arizona New Mexico Texas Nevada Colorado Utah Kansas Oklahoma Florida

Replicable ProcessUTILITY COMPANY PARTNERSHIPS

◦ Solar lease agreements

UPGRADE COOPERATIVES

◦ Reliant funding◦ Tax incentives◦ Purchase discounts

Replicable ProcessesFINANCIAL BARRIERS

◦ Large initial costs◦ Lack of funding sources◦ Approval for new loans

REDUCING HUD’S ENERGY BILL

◦ Installing renewable energy◦ Increasing energy efficiency◦ Reducing tenant energy use

Replicable Processes, continued 3

INCENTIVIZING INVESTMENTS

Aligned incentive programs◦ Budget-based rents◦ Energy cost savings for upgrades

Tax credit programs◦ Current program◦ Priority locations◦ Upgrade cooperatives

Replicable Processes, continued 4

INCENTIVIZING INVESTMENTS

◦ Online & standardized paperwork◦ Loan cap & interest rate

augmentation◦ Risk coverage for upgrades◦ Owner energy bill buy-in

Engaging & Motivating StakeholdersEDUCATION

◦ Identify stakeholders◦ Tenant education◦ Owner & property manager

education◦ Progress tracking & rewards

STAKEHOLDERS

◦ Federal government◦ State governments◦ Local governments◦ Non-governmental entities (NGOs)◦ Tenants ◦ Building owners ◦ Property managers◦ Energy providers◦ Investors

Questions

11

Appendixes

12

Current Photovoltaic TrendsAccording to Report by U.S. Solar Market Insight

2011

New installations◦ More than 61,000 systems◦ 109% growth (7% of global total)◦ Increased in 18 U.S. states.

Weighted average system price fell 20%

Overall value reached $8.4 billion