Title:
Making Buildings Part of the Climate Solution with Flexible Innovative Financing

dc.contributor.author Deitchman, Benjamin en_US
dc.contributor.author Brown, Marilyn A. en_US
dc.contributor.author Wang, Yu en_US
dc.contributor.corporatename Georgia Institute of Technology. School of Public Policy en_US
dc.date.accessioned 2012-12-19T21:40:45Z
dc.date.available 2012-12-19T21:40:45Z
dc.date.issued 2012-12
dc.description.abstract Lack of attractive financing remains one of the most significant barriers to energy-efficiency improvements in commercial buildings. This paper examines a flexible financing policy that would support state and local initiatives via loan loss reserves, tax lien financing, revolving loans, performance contracts, and on-bill programs. We examine the impact of different levels of subsidy covering different numbers of technologies, ultimately selecting a 10% subsidy for 64 qualifying technologies. This policy would save almost half a quad of energy in 2020 and 1.04 quads in 2035, producing net social benefits of $105 billion and a benefit/cost ratio of 1.9. Technologies with significant growth in market share include advanced fluorescents and variable-air-volume ventilation systems. Case studies of other technologies illustrate the advantage of optimizing financial assistance to reflect product maturity and cost-competiveness. A 10% subsidy would produce an estimated ten-fold increase in the amount spent on highefficiency equipment in 2035, and the $3.9 billion subsidy in that year would have only an 11% rate of free ridership. en_US
dc.identifier.uri http://hdl.handle.net/1853/45597
dc.language.iso en_US en_US
dc.publisher Georgia Institute of Technology en_US
dc.relation.ispartofseries School of Public Policy Working Papers ; 73 en_US
dc.subject Energy-efficiency building improvements en_US
dc.subject Financing en_US
dc.subject State and local initiatives en_US
dc.subject Loan loss reserves en_US
dc.subject Lien financing en_US
dc.subject Revolving loans en_US
dc.subject Performance contracts en_US
dc.subject On-bill programs en_US
dc.title Making Buildings Part of the Climate Solution with Flexible Innovative Financing en_US
dc.type Text
dc.type.genre Working Paper
dspace.entity.type Publication
local.contributor.author Brown, Marilyn A.
local.contributor.corporatename School of Public Policy
local.contributor.corporatename Ivan Allen College of Liberal Arts
local.relation.ispartofseries School of Public Policy Working Papers
relation.isAuthorOfPublication 01f729a7-0719-4c47-ac10-277b1476cf79
relation.isOrgUnitOfPublication a3789037-aec2-41bb-9888-1a95104b7f8c
relation.isOrgUnitOfPublication b1049ff1-5166-442c-9e14-ad804b064e38
relation.isSeriesOfPublication 694a8923-35f2-4d0f-a418-8e46a8fd4e51
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
wp73.pdf
Size:
3.12 MB
Format:
Adobe Portable Document Format
Description: