PROPOSITION 39: CALIFORNIA CLEAN ENERGY JOBS ACT
ACT NOW TO BEAT THE FEBRUARY 26 DEADLINE
Recent changes to the Proposition 39 program mean that local educational agencies (LEAs) across the state still have the opportunity to turn annual funding allocations into energy efficiency projects targeting facility and infrastructure needs, resulting in reduced operating costs. However, the deadline is approaching. Energy Expenditure Plans are due to the California Energy Commission no later than February 26, 2018. Your LEA may also consider amending an approved Energy Expenditure Plan to secure all remaining funding available.
If your LEA hasn’t yet acted to claim its share, now is the time to engage. Otherwise, your funds may be forfeited to benefit other schools. Senate Bill 110 provides a date for remaining funds to be swept from the Proposition 39 program. It also requires that remaining funds continue to be made available to K-12 school districts in the form of clean energy buses, no-interest loans, and by application for energy efficiency and renewable grants.
Proposition 39 established up to $2.5 billion in funds to improve the learning environments of California’s schools. This new legislation allows the program to continue indefinitely (subject to state budget processes), making your district’s participation worth potentially even more in future funding and retrofits.
Proposition 39’s “Eight-Step Process to Receive Funding”, the upcoming deadline, and submittal requirements are a large undertaking. The right partner can simplify the process and put you closer to your funds, your energy efficiency upgrades, and ultimately the dollar savings to come. With more than 30 years’ experience in the energy services field, and experience securing millions in Proposition 39 funding, NORESCO can do just that.
NORESCO has already provided solutions to common hurdles California’s school districts face while trying to plan and implement energy saving initiatives:
NOT ENOUGH PROPOSITION 39 FUNDING TO ADDRESS ALL DISTRICT NEEDS?
NORESCO has helped its customers access a variety of other funding sources in addition to Proposition 39 allocations.1Read More...
Our experience has helped our customers identify and secure many sources of funds that can be leveraged with Proposition 39 resources. NORESCO can help you pursue utility rebates and incentives, available state and federal grant funding programs, or a variety of other programs offering dollars to your district. Our customers have been able to multiply allocations several times over through zero- to low-interest financing, without taking a single dollar from general funds. Hide Content
HOW DO YOU SELECT MEASURES AND RETROFITS SO THEY MEET THE SAVINGS-TO-INVESTMENT RATIO (SIR)?
NORESCO evaluates your district’s needs and challenges to develop a strategic approach to drive lasting results. Read More...
NORESCO has a deep comprehension of energy conservation measures that drive the best return on investment. We work to understand your specific equipment and infrastructure issues and develop a tailored approach to your needs. Blending short-payback measures, including LED lighting upgrades and controls, and long-payback measures, such as needed HVAC upgrades and renewable energy systems, we find the right balance for your district to achieve the required 1.01 Savings-to-Investment-Ratio (SIR). Hide Content
WHAT ARE YOUR OPTIONS IF THE PROJECT STALLS?
NORESCO has used several techniques to help ensure our clients achieve their desired goals and maximize funding. Read More...
If you’re struggling to get started, we can walk you through the options. From energy audits, to drafting required Expenditure Plans for the California Energy Commission (CEC), to providing turnkey solutions, NORESCO can help you through any step in the process, or from start to finish. We work with your facilities, operations, business services, and purchasing staffs to lay out a clear plan that positions your district for smooth sailing. If you’re ready for campus energy audits, know that NORESCO understands the CEC’s Expenditure Plan requirements. While many firms offer audits of various costs and detail, our audits focus on your program goals. We deliver the information you need for your Expenditure Plan quickly and cost-effectively, getting you to Proposition 39 funding faster, and leaving more program dollars for investment in actual projects. Hide Content
BEEN TOLD THE PROJECT IS TOO SMALL?
NORESCO brings solutions to projects of any size.Read More...
Many energy services providers target larger project opportunities, leaving smaller districts still needing help. While we’ve worked with some of the largest districts in the state, we’ve also helped independent charter schools, and districts of total ADA less than 1,000. We have mastered the approaches to maximize your district’s allocations, regardless of the amount. Hide Content
PROJECT COSTS CHANGING THROUGHOUT THE PROGRAM?
NORESCO’s turnkey project costs align with those in our Expenditure Plans delivered to the CEC. Read More...
Districts may interact with multiple firms to move from audits to implementation, which can make it easy for costs to change throughout the Proposition 39 program. Some firms may adjust costs during the audit, or they may lack actual installation experience that informs construction pricing. Choosing a comprehensive provider of energy services, like NORESCO, means professionals with actual construction experience are providing project cost information from day one. We provide open-book pricing, holding to markup structures established during the audit, and deliver a fixed price for turnkey solutions. The cost in your Expenditure Plan delivered to the CEC is designed to match the total cost of your project. Hide Content
HOW DO WE KNOW WE WILL SEE THE SAVINGS?
NORESCO’s history proves that we emphasize savings realism and can guarantee savings for long term success.Read More...
NORESCO helps engineer confidence in your energy conservation measures by focusing on savings accuracy from the start. Crafting the right mix of energy measures, developing comprehensive commissioning plans, training your maintenance, operations and facilities staff, and applying proven measurement & verification techniques deliver lasting results and sustain savings for years to come.Hide Content
IS YOUR ADMINISTRATION OR / THE CEC PUSHING FOR PROP 39 ACTION?
Engage us now. The deadline for Energy Expenditure Plan submission is February 26, 2018. NORESCO can help you deliver results to your administration quickly. With full energy audits and Expenditure Plans delivered to the CEC in under two months, and recent CEC approvals in under two weeks, NORESCO can have a construction-ready project in front of your board for approval in time to meet the February 26, 2018 CEC deadline.
Join others who have relied on NORESCO to secure Proposition 39 funding, implement energy retrofits, and see the dollar savings roll in! Contact NORESCO to schedule a meeting with you and/or your facilities, operations, maintenance and energy and sustainability teams to talk about your specific program goals and opportunities. Join the list below and many others to secure your funding and start seeing the changes to your classrooms and operating budgets!
- Atwater Elementary School District
- Fresno Unified School District – Multiple Phases
- Natomas Unified School District
- Oakdale Joint Unified School District
- Rescue Union School District
- Santa Barbara Unified School District
- Waterford Unified School District
1NORESCO provides engineering services on future transactions and does not act as a financial or municipal advisor. The information NORESCO provides is for discussion purposes only in anticipation of being engaged to provide such services. NORESCO does not recommend actions to municipal entities or similarly obligated persons as a municipal advisor, and does not owe any fiduciary duties, including pursuant to Section 15B of the Exchange Act, with respect to information and material provided. You should discuss any financial information and material provided with any and all internal or external advisors and experts that you deem appropriate before acting on this information or material.