Energy Efficiency Programs for Your AG Business

Randy VagniniConnecticut Light & Power & Yankee Gas

Energize Connecticut

• State’s new branding initiative to help consumers save money and use clean, affordable energy.

• A partnership of the Energy Efficiency Fund, the Clean Energy Finance and Investment Authority(CEFIA), and local electric and gas utilities

• Energy efficiency is a valuable resource:

– Reduces air pollutants and greenhouse gases

– Saves customers money

– Reduces need for more energy generation

– Creates jobs

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Program Funding & Administration• Electric customers pay 3 mils** per kilowatt-hour.

Additional revenue streams areISO’s Forward Capacity Market, plus Regional Greenhouse Gas Initiative (RGGI), plusClass III RECs

• Natural gas programs are funded through gas utility bills and approved by the Public Utilities Regulatory Authority

** Oct 31 DEEP Draft Decision - expanded funding up to another 3 mils

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Small Business Energy Advantage (SBEA)

• Turnkey energy-saving services

• Cost-effective energy savings

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Who is Eligible to Participate?

• Existing Commercial and Industrial customers with an average 12-month peak demand between 10 kW (kilowatts) and 200 kW

• A municipal / governmental agency facility that meets the above criteria

How Does the Program Work?

1. CL&P or UI confirms your eligibility

2. You are contacted by an authorized contractor

3. SBEA contractor conducts “No Cost” audit

4. SBEA contractor submits proposal

The Proposal

• All possible energy-efficiency measures

• Complete costs and estimated energy savings

• Available SBEA program incentives

• Your financing options

Your Project

• Project starts approximately 30 days after contract is signed

• Option to pay nothing up front

• Program incentives offset costs• Interest-free financing available for qualifying customers

on your electric bill by CL&P or UI

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Financial Incentives

• Up to 35% of installed cost of standard lighting• Up to 40% of installed cost of high performance lighting

(LED & induction)• Up to 40% of installed cost of non-lighting measures• Comprehensive Initiative – Lesser of:

• Up to 50% of installed cost, or• Energy savings up to 0.50/kWh or $1,500/kW

Financing

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Type Min Max Rate Term Max

Pymt Source

SBEA/ Muni

$500 $100,000 0% 4 yrs On-Bill Utility

C&I $2,000 $1 Million (1st $100,000 w/ subsidy)

2.99% or 4.99%

5 yrs 3rd Party 3rd Party

PURA Loan (>50 kW savings)

$1 Million

1% below rate/no more than prime

10 yrs 3rd Party 3rd Party

Success StorySavings:

$5,600 annually

31,913 kWh annually

395,816 kWh lifetime

Equivalent to 47 homes provided with electricity for one year

Fish Family Farm

Total cost: $35,933Incentive: - (16,171 )Net cost: = $19,762Estimated payback time: 3.5 yearsNet monthly savings: $491.50

Contacts

• Small Business Program Oversight

CL&P: Randy Vagnini (860) 665-4753

UI: Dennis O’Connor (203) 499-3715

• Financing Questions

CL&P: Anne Marie Jensen (860) 665-4760

UI: Roy Haller (203) 499-2025

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QUESTIONS?

Thank you!

1-877-WISE-USE

EnergizeCT.com