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