1. E NERGIZE NY F INANCE PACE Benefit Financing for Energy Improvements Mark Thielking – Chairman, Energy Improvement Corporation Joe Del Sindaco – Treasurer, Energy Improvement Corporation & Managing Director, Energize NY Commercial Programs Robert Fischman – Director, Energize NY Commercial Programs 1 www.energyimprovementcorp.org

2. Energize NY Finance Program What is “PACE” Financing?  New York State has declared that “municipalities would fulfill an important public purpose by providing financing to property owners for the installation of renewable energy systems and energy efficiency measures.”**  Energize NY Finance is a PACE financing program that is secured by special property Tax Charges that have a senior lien on parity with property taxes  Finance repayments are collected within the municipal tax collection process ** Article 5L of the General Municipal Law. 2

3. MunicipalMember “A”, “AA”, “AAA” ratings Energy Improvement Corp (Loan Loss Reserves + tax payments from “A” or higher Munies $ Bond payments Capital markets $ ENERGIZE NY FINANCE’S VALUE: Financing to Benefit all Commercial Property Classes How It Works $ Pledged Municipal payments Bank Trustee Low Cost Bond Proceeds Energy Improvemen t Financing $ $ Tax Charge payments 3

4. Energize NY Finance Program Who Runs It? Who Can Use It? Energize NY Finance is a program developed by the Energy Improvement Corporation (EIC), a New York State, Not-for-Profit, Local Development Corporation formed to increase the uptake of energy efficiency and renewable energy improvements in commercially owned properties within Member Municipalities Energize NY Finance is available to owners of the following types of existing buildings  Commercial Office  Retail  Medical  Industrial  Multifamily  Non-Profit Owned Buildings  Commercially Owned Residential 4

5. Energize NY Finance Program What’s the Benefit of PACE? Advantages of PACE Energize NY Finance features low interest rates, long repayment terms, and automatic transferability to succeeding property owners, enabling positive cash flow and extensive energy improvements.  Repayment terms up to 15 years and low interest costs facilitate robust energy improvements  Property Owners have access to financing for energy improvements that preserves existing credit lines  Repayment is made through a charge on the real estate tax bill that remains with the property if sold Energize NY Finance Makes Energy Saving $$ Accessible to all Credit Classes. 5

6. ENERGIZE NY’S VALUE: NYSERDA + ENERGIZE NY = Best results for your Building Energize NY Finance is supported by and linked to NYSERDA programs to streamline the process and ensure the best value for all building types:  Residential 1-4 units (Commercially Owned)  NYSERDA Home Performance w/ Energy Star Program + NYSERDA Solar Programs  Multi-Family 5+ units  NYSERDA Multi-Family Program + NYSERDA Solar Programs  Commercial (Office/Retail/Non-Profit/Other) + Industrial  NYSERDA Existing Facilities and FlexTech Programs + NYSERDA Solar Programs 6

7. Energize NY Finance Program Financing Criteria Qualification is based on property value, not credit Estimated energy cost savings from improvements must be greater than annual finance payments Property’s existing Loan-to-Value no greater than 80% Financing up to 10% of the value of the benefitted property No bankruptcy within last 7 years At least 3 year history of timely property tax payments Existing lender consent required Maximum 15 year financing terms See Energize NY Benefit Finance Handbook for all details!. 7

8. Energize NY Finance Program Municipal Membership ENABLED AND CURRENTLY ELIGIBLE TO OFFER ENERGIZE NY FINANCING Town of BedfordTown of North Salem Town of OssiningTown of Lewisboro Village Of CrotonCity of White Plains City of Peekskill 95% COMPLETED (LOCAL LAW ACTIVE) Orange County Pound Ridge Town of Somers 75% COMPLETE (LOCAL LAW PUBLIC HEARING SCHEDULED) Town Of Greenburgh City of New Rochelle JUST BEGINNING City Of Yonkers Village of Port Chester Broome County, Putnam County & Others…. 8

9. Energize NY Finance Program Application Steps Three Steps to apply for Energize NY Financing 1) Check www.energyimprovementcorp.org to see if your Municipality is a Member or working towards Membershipwww.energyimprovementcorp.org If your local Municipality is not a Member, call Energize NY to discuss the Membership path for a Municipality 2) Read Energize NY Finance Handbook at www.energyimprovementcorp.org www.energyimprovementcorp.org 3) Fill out Energize-NY Finance Pre-Application form at www.energyimprovementcorp.org www.energyimprovementcorp.org. 9

10. 10 Joseph M. Del Sindaco Treasurer and Managing Director, Commercial Programs treasurer@energizeny.org 914-302-7308 Robert Fischman Director, Commercial Programs robertf@energizeny.org 914-302-7300 James Liao Director of Underwriting finance@energizeny.org 914-302-7300 Mark F. Thielking Chairman – Energy Improvement Corporation; bedfordnyenergy@gmail.com (914) 960-9838 Energize NY Finance Program Contacts www.energyimprovementcorp.org