The financing tool Private capital participation in the Data should be is leveraged by pilot, as measured by: presented to indicate private capital and whether these financing Number of financial support institutions participating in tools can become partially or entirely the pilot self-supporting Amount of private capital attracted The financing tool Analysis of participants in the The “counterfactual” of reaches pilot, according to: whether participants underserved Credit score compared to would have taken loans Californians who from elsewhere for the credit scores in other would not same upgrades is energy efficiency loan otherwise have difficult to programs such as PACE participated in EE demonstrate, but best Length of time allowed for upgrades efforts should be made applicants to pay back the to provide data loans showing that Percentage of participants communities deemed “underserved” as were reached – and measured through analysis done by CalEnviroScreen data, area EM&V contractors can median income, or other also be consulted poverty statistics Whether participants Lower-income would have qualified for participants may prefer existing private energy longer loan pay back efficiency loan programs periods, so the length of time allowed for repayment may offer a proxy for ability to reach low-income communities The financing tool Energy savings that resulted, as Energy Savings will be produces energy measured: calculated by EM&V savings Through customer meter contractors not by pilot administrators. data provided by the utilities via Energy
The financing tool is leveraged by private capital and support Private capital participation in the pilot, as measured by: Number of financial institutions participating in the pilot Amount of private capital attracted Data should be presented to indicate whether these financing tools can become partially or entirely self-supporting The financing tool reaches underserved Californians who would not otherwise have participated in EE upgrades Analysis of participants in the pilot, according to: Credit score compared to credit scores in other energy efficiency loan programs such as PACE Length of time allowed for applicants to pay back the loans Percentage of participants deemed “underserved” as measured through CalEnviroScreen data, area median income, or other poverty statistics Whether participants would have qualified for existing private energy efficiency loan programs The “counterfactual” of whether participants would have taken loans from elsewhere for the same upgrades is difficult to demonstrate, but best efforts should be made to provide data showing that communities were reached – and analysis done by EM&V contractors can also be consulted Lower-income participants may prefer longer loan pay back periods, so the length of time allowed for repayment may offer a proxy for ability to reach low-income communities The financing tool produces energy savings Energy savings that resulted, as measured: Through customer meter data provided by the utilities via Energy Energy Savings will be calculated by EM&V contractors not by pilot administrators.