Identify the barriers and opportunities to increasing the flow of capital into residential and commercial energy efficiency retrofits.
Identified market barriers such as lack of information about retrofit opportunities and inabilities to provide upfront capital, perform the retrofit, and ensure additional debt levels. Identified, categorized, and prioritized solutions. Developed an implementation plan.
Developed a PACE commercial consortium comprising Lockheed Martin, Barclay’s Capital, Ygrene Energy Fund, Energi, and Hannover Re. The consortium provides private capital, engineering expertise, project leadership, and energy saving insurance. In September 2011, the consortium announced the deployment of the first tranche of capital for retrofits: $650 million in Miami-Dade County, Florida and Sacramento, California.