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SoCalREC is currently implementing three initiatives aimed at establishing future benefits for municipalities.

AGGREGATED PROCUREMENT PILOT 

SoCalREC has kicked-off its energy efficiency projects initiative with a pilot project. The Aggregated Procurement pilot project is aimed at helping municipalities achieve high impact savings by pooling together similar projects, offering technical assistance, performing economic analysis, coordinating the procurement process, identifying attractive financing, assisting with rebates, and implementing the retrofits. The two current projects in process are:

  1. street light upgrades (see overview in Resources)
  2. pool pump replacements with a variable speed system.

Based on existing data related to retrofitting these specific technologies, local agencies can expect to recover energy savings between 35 - 70% for street light upgrades  (depending on your current lighting) and between 40 - 75% for pool pump replacements and adjustments.

DEMONSTRATION PROJECT PILOT

A parallel task the SoCalREC team is working on a series of demonstration projects. Fill-in-the blank templates for procurement, project management, and financing are just a few types of documents that, if provided to a city, will make the implementation process of energy efficiency projects within their own buildings simpler.

Taking that one step further, the SoCalREC team is working on demonstrating a step-by-step process for identifying energy efficiency opportunities within a facility, bench-marking and analyzing the total life-cycle costs, testing it out on a few buildings in participating cities.

In addition to utility bill analysis (through EEMIS or other sources), Bench-marking  and investment grade audits on these buildings looking at the interactive effect of the whole-building performance, adding gap analyses on Demand Response, Renewable Energy, and Carbon Offsets makes the "SoCalREC Audit" complete.  Demand Response discussions during scope identification for municipal building retrofits allows the city to include load curtailment in it's retrofit plan, leading to substantial income opportunities throughout the upcoming years as more load shed events are called upon. Demand Response integration to energy efficiency projects adds very little cost premium, with tremendous payback value.  Demand Response opportunities can be found within just those demonstration facilities or aggregated across the entire municipality.

Coming soon: Case studies on Demonstration Project progress and templates uploaded for your easy download and use.


FINANCIAL PRODUCT

The Regional Energy Center is working towards demonstrating the following positive outcomes: step-by-step process for municipalities to identify energy efficiency opportunities within their buildings/facilities, quantification of potential energy savings, and obtaining attractive financing using standardized underwriting protocols.

Using the potential energy savings calculations identified through the Aggregated Procurement Pilot as well as the Demonstration Project Pilot, a revolving loan fund will be established with $20,000,000 available for municipalities to tap into for financing their energy efficiency projects on their facilities.

Attractive financing terms will be negotiated with a variety of lenders, and standardized underwriting requirements will make the financing process simple, accessible, and attractive to cities that don't wish to use their own capital to finance these improvements.

On top of establishing a loan fund, the SoCalREC team will work with each city that is interested in establishing their own revolving fund using sunk utility costs gained through project implementation. Most cities would love the flexibility of keeping the money they have saved on their utility costs to do future projects aimed at lowering that cost even greater.


Learn more about the financing program:  Financing