PACE Development Flow ChartHigh Level Flow of Commercial PACE Program Development
ESTABLISH DEMAND FOR COMMERCIAL PACE PROGRAM
Businesses and Landlords
What are the business community’s perceived obstacles to EE and can a PACE program help alleviate any of these obstacles?
Tasks
One-page PACE introduction for small commercial properties
Landlord forum
Business surveys
Building Stock
What efficiency measures are being implemented through utility programs and would a PACE program enable businesses to expand on those measures?
Tasks
Identify depth and breadth of utility program penetration into local commercial properties
What efficiency measures are not being implemented in commercial properties through utility programs?
If possible, identify typical energy use density (energy per sq-ft) of local small commercial establishments by business type and location
City
Does the City have the capacity and is their political support to establish a PACE program?
Tasks
Outline funding and repayment mechanism (meet with financial people) and program process (step-by-step, what a “customer” and the City would go through)
Analysis of financial risk to City
One-page PACE intro for local legislators (with benefits/risks to City and community)
NESC statement of support
Mayoral statement of support
City Council statement of support
DEVELOP COMMERCIAL PACE PROGRAM
Identify program associates and their roles
program administrator
bond purchaser
City staff (may be the administrator)
Establish administrative rules, regulations and procedures
In coordination with utilities and the DOER Division of Green Communities and with advice from BPI certified contractors and local businesses (via: Chamber of Commerce) establish:
Intake and processing protocol and how PACE coordinates with utility program(s)
Customer financial eligibility criteria
Protocol to identify eligible efficiency measures
Measurement and verification protocol per efficiency measure
Determine administration and program costs and income
Costs
Start up costs
Annual staff and/or consultant time
Modeling/audit costs
Risk premium or insurance to cover risk premium
Income
Bonds
Interest charges
SREC income
Grants
Establish PACE by ordinance
City Council holds public hearing
City Council approves PACE ordinance, which:
Designates administrator
Provide for rules, regulations and procedures
IDENTIFY/DEVELOP OPPORTUNITIES FOR OUTREACH AND EDUCATION
Identify partners
Utilities
Chamber of Commerce
Business groups
Local non-profits (e.g., CET, GREEN Northampton)
Identify commercial sectors to target
Coordinate outreach efforts per sector with partners
ESTABLISH DEMAND FOR COMMERCIAL PACE PROGRAM
Benefit
Businesses & Landlords?
City Capacity
&
Political Will?
Benefit
Commercial Building Stock?
DEVELOP COMMERCIAL PACE PROGRAM
IDENTIFY/DEVELOP OPPORTUNITIES FOR OUTREACH AND EDUCATION
Identify Program Associates (administrator, bond purchaser, City staff)
Establish PACE Administrative Rules, Regulations & Procedures
Determine Administration & Program Costs & Income
Establish PACE by Ordinance
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Coordinate Outreach with Partners to each Sector
Identify Specific Commercial Sectors to Target
Identify Partners (Chamber of Commerce, utilities, business groups, non-profits)