GAS USE REDUCTION across 6 properties29%
electric USE REDUCTION across 6 properties9%
Properties to be completed by January 202080
California | Mercy Housing, a national leader in nonprofit affordable housing, was interested in lowering operating costs while also keeping tenants comfortable in a sustainable way. But securing funds to pay for energy and water efficiency upgrades outside of a refinance year was a challenge as Mercy Housing preserves, develops, and manages low-income communities. Even with incentives that are available from utilities and the government, Mercy Housing needed a more creative solution.
Mercy Housing partnered with Bright Power and Affordable Community Energy Services Company (ACE) to help upgrade around 80 properties–which represents the majority of their California portfolio. Through our ongoing collaboration, Mercy Housing is able to utilize ACE’s innovative “Pay from Savings” financing model to complete efficiency improvements when they are needed most, rather than waiting for refinancing or taking out a secondary loan. As Mercy Housing’s energy and water management partner, Bright Power used the data from EnergyScoreCards, our cloud-based energy analysis platform, to discover areas of underperformance and to determine which properties had high-impact opportunities for improvement. Bright Power then completed energy audits at select properties and turnkey installed efficiency improvements.
Mercy Housing, Bright Power, and ACE prioritized phases of work based on factors like building performance, location, and available government and utility incentive programs (California’s Low Income Weatherization Program). ACE’s “Pay from Savings” financing approach, with funding through Reinvestment Fund, gave Mercy Housing the ability to complete the needed upgrades and use project savings to pay for the improvements over a 10-year period.
Owner: Mercy Housing
Financing Partners: Affordable Community Energy Services Company, Reinvestment Fund
- Upgrade LED lighting in common areas & resident apartments
- Install heat pump hot water heating systems
- Install high-efficiency heating systems
- Install Variable Speed Drive (VSD) recirculation pump for domestic hot water
- Install VSD for pool & spa pumps
- Install DHW and new steam cycle controls
- Retrocommission existing steam cycle controls
- Install vending misers
- Install Thermostatic Radiator Valves (TRVs)
- Install orifice plates
- Service steam traps
- Insulate DHW & heating pipes
- Install occupancy sensor thermostats in resident apartments
- Replace tub diverters
- Implement low-flow fixtures on faucets & shower heads
- Install ENERGY STAR washers & refrigerators