1. Partners in Innovation: Preserving Affordable Rental Housing through Energy Conservation
Regional Green House Gas Initiatives
Michael Colgrove, Director of Energy Programs, NYSERDA – NYC Office
Wednesday, April 14, 2010
3:30-5:00pm

2. What is NYSERDA?
New York State Energy Research
and Development Authority
Mission
• Public benefit Use innovation and
corporation technology to solve some
• Established by the of New York’s most
New York State difficult energy and
environmental problems in
Legislature in 1975 ways that improve the
State’s economy.

3. NYS Funding Sources
Systems Benefit Charge (SBC)
Public benefits fund to support energy efficiency adoption, research and
development, and energy burden and environmental justice issues.
SBC I (1998-2001) = $234.3M total
SBC II (2001-2005) = $750M total
SBC III (2006-2011) = $875M total
Renewable Portfolio Standard (RPS)
Provides funding to achieve the State’s goal of replacing 30% of its fossil-fueled
electricity use with renewable sources.
RPS = $962M
Energy Efficiency Portfolio Standard (EEPS)
Provides funding to achieve the State’s goal of reducing its electricity usage by
15% by 2015.
EEPS (2009-2011) = $950.8M awarded thus far
Emissions Allowance Trading Programs
RGGI (collections to date plus projected revenue thru 3/2012) = $446M
CAIR (for all allowance vintages thru 2011) = $24M

4. RGGI Proceeds

5. NYSERDA Programs
Multifamily Performance Program
• Funding for both affordable and market-
rate buildings
• Challenges owners to reduce overall energy
use by 15%
SBC Funding - $88 million
EEPS Funding - $23 million
RGGI Funding - $18 million

6. NYSERDA Programs
Home Performance & ENERGY STAR Homes
• Both existing and new construction;
affordable and market-rate
• Based on national EPA programs
SBC Funding - $104 million
EEPS Funding - $45 million
RGGI Funding - $6 million

7. NYSERDA Programs
EmPower NY
• Low-income program for residents and
tenants
• Free appliance and lighting installations
• Referrals from utility arrears programs
SBC Funding - $46 million
EEPS Funding - $30.5 million
RGGI Funding - $7 million

8. Opportunities
The addition of RGGI funds creates a number of
opportunities:
• Enables oil savings and fuel-neutral
programs
• Provides funding for non-SBC customers
• Allows us to continue programs with little or
no remaining SBC funds
• Leverages and extends current funding
sources
• Encourages deeper savings per project

9. Challenges
The addition of RGGI funds also creates a
number of challenges:
• Tracking multiple funding sources in one
project
• Attributing savings – both CO2 and energy
• Integrating “cost-effectiveness” metrics for
carbon savings with those for energy savings
• Budgeting with uncertain auction proceeds
• Managing pipelines with funding received
quarterly
• Legislative appropriations

10. Contact Information
Michael Colgrove
Director of Energy Programs
NYSERDA – NYC Office
MTC@nyserda.org
485 7th Avenue, Suite 1006
New York, NY 10018