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Energize Denver Unlocking Opportunity in Denver

Energize Denver · Denver Metro Chamber $280,000 EE Premium $ 40,000 Annual Savings 7 year Simple Payback $424,000 Building Value Increase (NPV of $40,000 in increased operating income

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Page 1: Energize Denver · Denver Metro Chamber $280,000 EE Premium $ 40,000 Annual Savings 7 year Simple Payback $424,000 Building Value Increase (NPV of $40,000 in increased operating income

Energize Denver

Unlocking Opportunity in Denver

Page 2: Energize Denver · Denver Metro Chamber $280,000 EE Premium $ 40,000 Annual Savings 7 year Simple Payback $424,000 Building Value Increase (NPV of $40,000 in increased operating income

Denver’s Buildings

For a 3D graphical depiction of Denver’s buildigns go to:

https://www.youtube.com/watch?v=Wbb8uKDSZ3o&feature=youtu.be

Page 3: Energize Denver · Denver Metro Chamber $280,000 EE Premium $ 40,000 Annual Savings 7 year Simple Payback $424,000 Building Value Increase (NPV of $40,000 in increased operating income

Energize Denver Task Force Goal

Improve the energy efficiency of

commercial and multifamily buildings by

10% by the end of 2020 and double that

in the following decade.

4 million MMBTU’s saved by 2020

8 million MMBTU’s saved by 2030

3

Page 4: Energize Denver · Denver Metro Chamber $280,000 EE Premium $ 40,000 Annual Savings 7 year Simple Payback $424,000 Building Value Increase (NPV of $40,000 in increased operating income

Energy Efficiency Unlocks

Opportunity

- Lighting upgrades

- Tune-ups (RcX)

- Efficient heating/AC

- Upgraded controls

Source: “United States Building Energy Efficiency Retrofits: Market Sizing and Financing Models.” Rockefeller

Foundation and Deutsche Bank Group. March 2012. Numbers scaled to City and County of Denver.

Page 5: Energize Denver · Denver Metro Chamber $280,000 EE Premium $ 40,000 Annual Savings 7 year Simple Payback $424,000 Building Value Increase (NPV of $40,000 in increased operating income

Who Benefits?

Businesses

ENERGY STAR = 35% more efficient

~50 cents per square foot in savings

Attract business to Denver

Source: ENERGY STAR

and Xcel Energy

Page 6: Energize Denver · Denver Metro Chamber $280,000 EE Premium $ 40,000 Annual Savings 7 year Simple Payback $424,000 Building Value Increase (NPV of $40,000 in increased operating income

Case in Point:

Denver Metro Chamber

$280,000 EE Premium

$ 40,000 Annual Savings

7 year Simple Payback

$424,000 Building Value Increase (NPV of $40,000 in increased operating income @7%)

Source: DMCC Case Study

Page 7: Energize Denver · Denver Metro Chamber $280,000 EE Premium $ 40,000 Annual Savings 7 year Simple Payback $424,000 Building Value Increase (NPV of $40,000 in increased operating income

Denver Emissions Sources and

Climate Goal

Commercial

and Multi-

family

Buildings

57%Single Family

Residential

Buildings

14%

Transportation

27%

Street Lights

1%

Waste

1%

2012 Emissions by Sector

(thousand mt-CO2e)

Page 8: Energize Denver · Denver Metro Chamber $280,000 EE Premium $ 40,000 Annual Savings 7 year Simple Payback $424,000 Building Value Increase (NPV of $40,000 in increased operating income