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HomeMy WebLinkAboutSS4 - Citywide Streetlight Retrofit - PowerPointCity of Newport Beach City-Wide Streetlight Retrofit Project Jnauary 12, 2016 Item No. SS4 Presentation Content 1.Energy Efficiency in Newport Beach 2.The Energy Network / SCE Partnership 3.LED Streetlights - Upgrade Benefits 4.Newport Beach Project Details 5.What is OBF? 6.Project Timeline 7.Recommendation to City Council Energy Efficiency in Newport Beach SCE’s Orange County Cities Energy Leader Partnership Project Types Completed to Date: •Mechanical equipment upgrades •Interior and Exterior Lighting •Street Lighting •Pumps •Retro-commissioning Savings Achieved: ●2,560,175 kWh = ○363 homes powered/year ○223 cars off the road ○1,160 metric tons of carbon avoided ●$654,855 rebates from SCE ●$371, 225 in annual energy savings What is The Energy Network? The Energy Network is a program that strives to achieve an unprecedented level of energy savings across Southern California by helping public agencies identify and implement projects Your One Stop Resource A full range of NO COST energy efficiency services: 1.Project management 2.Investment level energy audits 3.Comparative energy use analysis of facilities 4.Project design and specifications 5.Expedited construction procurement services 6.Financial analysis and financing 7.Utility coordination: leverage 0% On-Bill Financing and incentives 8.Construction management support services LED Installations LED Streetlights Today Proven technology makes it an ideal application •Directional light sources •White light •Long lasting •Highly controllable •Reduced carbon emissions and pollution Newport Beach Streetlight Retrofit Project Project Benefits: ●1,355,514 kWh annually ●2,870 cars off the road over lifetime ●$55,000 maintenance savings annually ●$100,000 utility bill savings ●Project payback is < 4 years ●Full project funding through SCE’s OBF & Incentives Project Costs Estimated Project Costs $1,176,271 Reimbursable Costs Estimated Incentives ($559,419) Estimated On Bill Financing ($616,859) Net Project Cost $0 By converting approximately 3,200 streetlights, the City will: What is On-Bill Financing? Qualified Energy Efficiency projects can be financed through On-Bill Financing (OBF) •0% interest loans •No fees or loan costs •Convenient loan repayment through your monthly SCE bill •Loan repayment based on estimated monthly savings •Utility bills remain “bill neutral” Sample OBF Loan Calculation Project Cost $1,200,000 Incentive $560,000 Maximum Potential Loan $640,000 Estimated Monthly Energy Bill Savings $10,166 Monthly OBF Loan Repayment $10,166 (bill neutrality) Months to repay OBF Loan 63 months (5.2 years) *Maximum OBF Loan term is 120 months (10 years) Project Schedule Task Date Deliver Audit November 2015 Submit Incentive/OBF Applications January 2016 Develop Scope of Work January 2016 Select Contractor/Award Contract Spring 2016 Issue Notice to Proceed Spring 2016 Complete Construction Fall 2016 Submit Final Incentive & OBF Documents Fall 2016 Receive Incentive & OBF Reimbursement Winter 2016 Recommendation to City Council Authorize the City Manager to execute the following documents for the retrofit of approximately 3,224 streetlights to LED fixtures: •SCE Incentive Application •SCE OBF Application •SCE OBF Agreement •Other relevant documents required to process the applications SCE Incentive and OBF Process Pre-Construction 1.The Energy Network prepares Incentive & OBF Applications (Completed) 2.City reviews and signs applications (1 day) 3.The Energy Network submits applications on City’s behalf (1 day) 4.SCE reviews application and conducts pre-inspection of existing streetlights (6-8 weeks) 5.SCE reserves funding for both incentives and OBF with Project Approval (6-8 weeks) 6.City completes construction (TBD) SCE Incentive and OBF Process Post Construction 1.The Energy Network prepares SCE “Installation Report” (1 week) 2.SCE reviews completed project and completes a post-inspection (1 month) 3.SCE approves final project savings (4-6 weeks) 4.SCE sends Incentive check to City (4-6 weeks) 5.SCE prepares OBF Loan Documents (4-6 weeks from step 3) 6.City signs and returns OBF Loan Agreement (1 week) 7.SCE disperses OBF funds to City (1-2 weeks) 8.City repays OBF loan through monthly installments on utility bill (determined by SCE)