The Houston EEB Finance committee was formed to identify EEB financing options and tools; and to develop strategies to promote, pilot and scale their use with building owners in the Houston area.
- Develop and implement a strategy with the City of Houston to promote the Keeping PACE in Texas program through providing stakeholder support and education – to ensure that potential participants understand how PACE works and how they can participate.
- Create case studies that illustrate the business case for EEB.
Mid-term Action Plan and Goals
- The committee is developing an action plan to promote the adoption of the ICP certification into the Houston market.
- An action plan to create an energy efficiency project planning framework is also being developed (containing project planning checklists, business case templates and other project development tools suitable for any energy efficiency project). This framework will be shared through the communications committee and will help building owners to develop EEB projects in Houston that can be presented to investors.
- Obtained over 50 stakeholder signatories for the City of Houston PACE Program letter of support.
- City of Houston PACE program is now live.
- First ICP webinar hosted in September 2015.
- Architect for Life has achieved ICP Project Developer Credential
- Case Study Library developed by EEB Houston volunteers in collaboration with the City of Houston.
Property Assessed Clean Energy (PACE) Financing
PACE is an innovative financing program that enables owners of commercial and industrial properties to obtain low-cost, long-term loans for water conservation, energy-efficiency improvements, and renewable retrofits. The PACE statute, SB 385, authorizes municipalities and counties in Texas to work with private sector lenders and property owners to finance qualified improvements using contractual assessments voluntarily imposed on the property by the owner. Learn more at Keeping PACE in Texas.
The finance committee has assembled the following list of resources for building owners and operators. Browse by tags or scroll through the list below.
(BEI)’s mission is to lead the banking industry in collectively directing capital towards environmentally and socially sustainable economic development. BEI is comprised of 11 member banks who seek to focus on topics where industry-wide action is found to be needed according to expert research.
CDP works to transform the way the world does business to prevent dangerous climate change and protect our natural resources. CDP holds the largest collection globally of self reported climate change, water and forest-risk data.
Commercial and Industrial customers can reduce demand and energy use through a variety of programs that offer incentives to promote the installation of energy efficiency and load management measures.
The Coalition for Green Capital (CGC) is a 501(c)(3) organization whose mission is to establish green banks at the state, federal, and international levels in order to minimize greenhouse gas emissions and maximize the deployment of clean electricity and energy efficiency. A green bank is a public or quasi-public financing institution that provides low-cost, long-term financing support to clean, low-carbon project.
This is a partial tax abatement for LEED certified commercial buildings.
The Climate Bonds Initiative is an international, investor-focused not-for-profit. It’s the only organisation in the world focusing on mobilizing the $100 trillion bond market for climate change solutions.
CME Group is the world’s leading and most diverse derivatives marketplace. The company provides a marketplace for buyers and sellers, bringing together individuals, companies and institutions that need to manage risk or that want to profit by accepting risk. The CME Group real estate marketplace covers both U.S. residential and commercial properties. These products can be used by a broad range of market participants, from property owners and manufacturers to hedge funds and investors.
Download information on incentives and policies that support renewables and energy efficiency.
Energy Star has collected tools and resources to assist in the calculation of returns on energy efficiency investments and help find rebates, incentives and financing services for energy projects.
The Green Building Finance Consortium (GBFC) is a research and education initiative founded in 2006 by Scott Muldavin, President of The Muldavin Company, Inc. to assist private sector investors underwrite sustainable property investments from a financial perspective.
The International Capital Market Association (“ICMA”) is committed to serving the needs of its members through its activities as a trade association and as a self regulatory organisation. The mission of ICMA is to promote resilient and well functioning international debt capital markets. The Executive Committee of the Green Bond Principles (GBP), which brings together a representative group of issuers, investors and intermediaries in the Green Bond market, with the support of the International Capital Market Association, has published the 2015 edition of the GBP.
The Investor Confidence Project (ICP) defines a clear road-map from retrofit opportunity to reliable Investor Ready Energy Efficiency™. With its members, the Investor Confidence Project is enabling a marketplace for building owners, project developers, utilities, public programs and investors to trade in standardized energy efficiency projects.
The MEETS Accelerator Coalition (“MEETS AC”) is an organization that seeks to materially advance the reduction of energy waste in the built environment. A MEETS transaction is one in which the yield from metered energy efficiency from a customer facility is delivered to the utility –not the facility. The utility bills the facility, at retail, for the metered yield of which the utility took delivery, and the metering is done through a dynamic baseline meter that meets utility resource grade standards.
NREL’s Project Finance team conducts research, performs analysis, and produces content aimed to inform decision makers in the renewable energy field.
SEFA grew out of SAPC, a three-year initiative to increase the availability of capital to the solar industry, funded by the United States Department of Energy and led by National Renewable Energy Laboratory (NREL). SEFA seeks to promote investment in solar energy.
The World Bank Green Bond raises funds from fixed income investors to support World Bank lending for eligible projects that seek to mitigate climate change or help affected people adapt to it.