5. ECCSR 04-21-2011 - Laserfiche WebLink

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Energy Efficiency Improvement Program Purpose: The Energy Efficiency Improvements Program is avaIlable to property owners of commercial or iidustrial buIldu7gs in Ellx River to provide capital to businesses to invest in energy efficiency and improve their profitability through reduced energy costs and enhance their ability to retain and create jobs. In addition, the program helps the City of Ellc River use energy conservation as an economic development tool. Amount: Applicants may apply for the cost of improvements up to ~j74,9)9 Eligible Uses: Energy efficiency measures installed in or on abuilding include: • Facility systems optimization (cotmmissioning or re-commissioning) • Faciht5~ systems control improvements • Process efficiency improvements (CenterPoint Energy) • Lighting efficiency improvements • Heating, ventilation and nit conditioning system modifications • Exterior envelope improvements • Motor and pump efficiency improvements. • Ground-source-heat pump systems used to heat or cool a facility • Installation of equipment ox devices Ghat use renewable energy sources to generate electricity or heat ox cool a building including solo electricity (photovoltaic), wind-turbine ox solar thermal. Equity: Must have a min;mum of 10% ° equity piovtded by dte borrower. Rate: Ftxed at 4% Term: The maximum maturity-date will be determined by the useful life of the improvement and the energy payback achieved. For projects that have a shoxterlength of-payback (2-5) years as calculated according to energy savings, the loans will have an initial maturity of up to 5 years fiom the date of closing. Longer life improvements (5-15 years) may apply for a longer maturity of up to 10 years. Repayment: Monthly installment payments will be made to the Elk River EDA according to the amortization schedule approved as part of the loan. Utility rebates as applicable will be assigned to the Elk River EDA and applied toward principal repayment of the loan. Criteria: Applicant must agree to energy audits conducted under the utility company's Conservation Improvement Program (CIP). If warranted, engineering studies then are performed on facilities with conservation opportunities under the utility company's CIP Program. Proposed energy efficiency improvements that do not qualify for the utility's prescriptive rebate program will be reviewed and approved by the utility company servicing the upgrade measures (e.g. Ella River Municipal Utilities, nlicro Loan Fund Policy & Guidelines Page 4 of IG Amended A2arch 2011 DA,4F"I'