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1 A billion-dollar opportunity: The Guelph Community Energy Initiative and GEERS Real Estate Pulse Conference January 2015.

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Presentation on theme: "1 A billion-dollar opportunity: The Guelph Community Energy Initiative and GEERS Real Estate Pulse Conference January 2015."— Presentation transcript:

1 1 A billion-dollar opportunity: The Guelph Community Energy Initiative and GEERS Real Estate Pulse Conference January 2015

2 2 Fun energy facts (yes, really) Changing our energy circumstances GEERS: Guelph Energy Efficiency Retrofit Strategy What’s coming up Today’s agenda 2

3 3 $500 MILLION What does energy cost us per year? Guelph’s annual cash outflow for energy is: 3

4 4 What could $500 million buy? 4 2 CN Towers12 Police Stations1 Airbus A380 2500 Lamborghinis 1 Movie ticket Per day Per Guelphite Entire municipal budget of the City of Guelph, with $100M left over.

5 5 Where does that $500M go? It leaves town, and never comes back. 5 Electricity: Bruce Nuclear/ Niagara Falls Petroleum: Alberta Oil Sands Natural Gas: Bakken and Marcellus shale formations

6 6 Can we change this? Yes – Just imitate the best. 6

7 7 A $250M/year opportunity 7 Before CEI $500M Local energy infrastructure (wires, poles, substations, etc.) After CEI $250M Reinvestment in Guelph economy

8 8 The Community Energy Initiative A huge economic opportunity 8 11 core recommendations By 2031, we will achieve per-capita reductions of: 50% in energy consumption 60% in GHG emissions

9 9 Can we achieve these goals? YES. And we can keep some – maybe all – of that $500M right here in Guelph. 9 Use less Energy efficiency Make more Distributed generation Use it smarter District energy

10 10 Using Less Energy: GEERS Guelph Energy Efficiency Retrofit Strategy

11 11 Staying away in droves Why homeowners don’t invest in energy efficiency 11 Eight year payback? Will I live in this house that long? I pay up front, and get my incentive after the work is done? I don’t like the sound of that… My bank’s loan terms don’t fit the savings stream. The materials and contracting are expensive. I have to deal with the bank, an energy auditor, a contractor, suppliers, and the utilities? That’s awfully complicated.

12 12 The silver bullet: LICs How Local Improvement Charges remove barriers 12 Liability is attached to the home, not the homeowner Homeowner is not out of pocket Payment terms match up with the savings

13 13 Buying in bulk Purchasing as a city, rather than as citizens 13 Attic, wall, basement insulation High-efficiency furnace Triple-glazed windows Comfort controls Weather stripping Water heater

14 14 Contracting as mass production Transforming the home renovation business 14 Sometimes you win… …sometimes you lose. In the end it all balances out.

15 15 Buying negawatts Helping to deliver utility conservation programs 15 Conservation program delivery is expensive Utilities do not have large retail sales forces Meeting targets can be difficult GEERS: Just what the doctor ordered

16 16 Community groups The ideal sales channel 16 Project Neutral Efficient Home Visits Transition Streets Deep Energy Efficiency Retrofits with GEERS

17 17 In summary GEERS: One simple, easy-to-understand package 17 Financing via LICs Bulk buys of materials Bulk buys of services Incentives on large scale Partnership with community groups


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