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    HistoryEdited Mar 15, 2010 4:58 PM by Kif Scheuer…

    AB 811 (LEVINE): CONTRACTUAL ASSESSMENTS: ENERGY EFFICIENCY IMPROVEMENT


    Overview

    On July 23rd, 2008, Governor Schwarzenegger signed Assembly Bill 811, which gives cities the ability to create special assessment districts for financing energy efficiency and renewable power improvements.

    AB811 authorizes all cities and counties in California to   designate areas within which city officials and willing property owners may enter into contractual assessments to finance the installation of distributed generation renewable energy sources and energy efficiency improvements. 

    • Provides financing structure for Energy Efficiency and Renewable Energy
    • Allows residents to tap into tax-exempt low-interest fginancing options
    • Owners enter into loan contract with city and pay back property tax assessment, over 10-20 years.
    • May be realized through a number of means (general funds, utility partnerships, bank lines of credit, private-active bonds)
    • Margins for financing and administration can be added outside of assessment.
    • Attaches financing to property (through assessments) so the costs are distributed over the lifespan of the improvement.
    • Allows for specific areas to be designated (All or part of the city).
    • Requires participating cities to define terms and a plan for raising capital.
    • Berkeley, SF, and Palm Desert are already implementing programs that are within this purview and could be models. Sonoma County is in the process of developing an AB811 based program.

    Implications for Local Governments

    • As a voluntary program, may be more appealing to constituents, and may have limited upfront costs for development by the city.
    • Can be a mechanism to reinforce general green building strategies
    • Could be a particularly effective vehicle for tackling existing buildings
    • Appropriate and viable financing models for each city will need to be developed

      Comments

      Solange Gould (unauthenticated)
      Mar 24, 2011

      Your link to the Berkeley program doesn't work...can you update?

      /groups/cp/search/index.rss?tag=hotlist/groups/cp/search/?tag=hotWhat’s HotHotListHot!?tag=hot2/groups/cp/sidebar/HotListMinor editkifKif Scheuer2010-03-15 19:46:47+00:002010-03-15 19:46:47updated13kifKif Scheuer2008-10-22 21:03:14+00:002008-10-22 21:03:14updated12kifKif Scheuer2008-09-11 16:46:01+00:002008-09-11 16:46:01updated11kifKif Scheuer2008-09-09 19:50:34+00:002008-09-09 19:50:34updated10kifKif Scheuer2008-09-09 19:37:11+00:002008-09-09 19:37:11updated9kifKif Scheuer2008-08-28 18:54:00+00:002008-08-28 18:54:00updated8kifKif Scheuer2008-08-28 18:23:59+00:002008-08-28 18:23:59updated7kifKif Scheuer2008-07-31 15:52:30+00:002008-07-31 15:52:30updated6kifKif Scheuer2008-07-31 15:51:50+00:002008-07-31 15:51:50updated5Added tag - hotkifKif Scheuer2008-07-31 15:51:49+00:002008-07-31 15:51:49addTag4kifKif Scheuer2008-07-31 15:51:12+00:002008-07-31 15:51:12updated3kifKif Scheuer2008-07-31 15:50:55+00:002008-07-31 15:50:55updated2First additionkifKif Scheuer2008-07-31 15:48:02+00:002008-07-31 15:48:02created1wiki2010-03-15T19:46:47+00:00groups/cp/wiki/b4deaFalseEmerging Issues/groups/cp/wiki/b4dea/Emerging_Issues.htmlKif Scheuer13 updatesEmerging Issues home This section provides a place to examine in greater depth specific topics critical for climate change planning and policy development...Falsekif2010-03-15T19:46:47+00:00Minor editkifKif Scheuer2010-03-15 19:46:47+00:002010-03-15 19:46:47updated13kifKif Scheuer2008-10-22 21:03:14+00:002008-10-22 21:03:14updated12kifKif Scheuer2008-09-11 16:46:01+00:002008-09-11 16:46:01updated11kifKif Scheuer2008-09-09 19:50:34+00:002008-09-09 19:50:34updated10kifKif Scheuer2008-09-09 19:37:11+00:002008-09-09 19:37:11updated9kifKif Scheuer2008-08-28 18:54:00+00:002008-08-28 18:54:00updated8kifKif Scheuer2008-08-28 18:23:59+00:002008-08-28 18:23:59updated7kifKif Scheuer2008-07-31 15:52:30+00:002008-07-31 15:52:30updated6kifKif Scheuer2008-07-31 15:51:50+00:002008-07-31 15:51:50updated5Added tag - hotkifKif Scheuer2008-07-31 15:51:49+00:002008-07-31 15:51:49addTag4kifKif Scheuer2008-07-31 15:51:12+00:002008-07-31 15:51:12updated3kifKif Scheuer2008-07-31 15:50:55+00:002008-07-31 15:50:55updated2First additionkifKif Scheuer2008-07-31 15:48:02+00:002008-07-31 15:48:02created1wiki2010-03-15T19:46:47+00:00groups/cp/wiki/b4deaFalseEmerging Issues/groups/cp/wiki/b4dea/Emerging_Issues.htmlKif Scheuer13 updatesEmerging Issues home This section provides a place to examine in greater depth specific topics critical for climate change planning and policy development...Falsekif2010-03-15T19:46:47+00:00hot/groups/cp/search/index.rss?sort=modifiedDate&kind=all&sortDirection=reverse&excludePages=wiki/welcomelist/groups/cp/search/?sort=modifiedDate&kind=all&sortDirection=reverse&excludePages=wiki/welcomeRecent ChangesRecentChangesListUpdates?sort=modifiedDate&kind=all&sortDirection=reverse&excludePages=wiki/welcome0/groups/cp/sidebar/RecentChangesListmodifiedDateallRecent ChangesRecentChangesListUpdateswiki/welcomeNo recent changes.reverse5search