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Clean Energy Sacramento: It’s Here, It’s Now
on February 2, 2013



read page 7

https://docs.google.com/viewer?a=v&q=cache:y4itpWlqKh4J:city-council.cityofdavis.org/Media/Default/Documents/PDF/CityCouncil/CouncilMeetings/Agendas/20121030/Packet/Goals-2012-2014-ihRedline-Additions-and-Deletions.pdf+&hl=en&gl=us&pid=bl&srcid=ADGEESiTMlKLcPJBrhVOk93NZEawX5G2eDcbIJEGWBX4RahRJecd-uJl88hHy_KPmLkorx5UBZjr2tF_uhM2ceobDerlA_pVtlgqhyBkgKSvSpYfM-pTX_PGcIeft9D1Hi0dbzwk0H71&sig=AHIEtbR0ng9Uq4tbbhmRs_MRDz7CWs9slA


** (**Octus has a multi-million dollar pipeline of Smart Energy Management projects teed up.)

http://octusenergy.com/news-resources/
http://finance.yahoo.com/news/Octus-Joins-Ygrene-Energy-iw-326278887.html

It’s here. Alas. On Wednesday, Clean Energy Sacramento opened its doors (here’s Forbes’ take), ushering in a first-of-its-kind project financing solution for residential, commercial and multi-family property owners to fund energy efficiency, water conservation and renewable energy property upgrades. We’re proud of our comrades at Ygrene Energy Fund – as well as our Octus team members who played a role – for making it happen. The launch of Clean Energy Sacramento is proof that hard work and dogged persistence can be worth the effort, especially when you’re building something great. This is big.

Why does Clean Energy Sacramento matter? In a macro sense, financing is the lynchpin for property owners to make energy-saving improvements. In a micro-sense, Clean Energy Sacramento is a one-of-a-kind public-private partnership. The City of Sacramento provides the platform (property tax collection system) and the private market (Ygrene with funding and project facilitation; contractors executing projects) does what it does best. With no up-front cost or personal credit requirements (read: financing is off-balance sheet, tied to the asset), property owners can finance clean energy improvements, amortized over up to 20 years. The energy and operating cost savings generated outweigh the additional property taxes required each year.


Sacramento was one of two U.S. cities chosen to benefit from millions of dollars in private investment that’s part of a huge energy-efficiency project led by English business magnate Richard Branson.


About Octus
Octus, Inc. (OTC.BB: OCTI.PK - News) is a leading resource efficiency company headquartered in Davis, California that significantly reduces the utility costs of commercial, multi-family and institutional buildings through the financing and implementation of energy-efficient lighting, HVAC and water management systems and products. Octus operates three complementary businesses: EfficiencyWorks (energy retrofit projects), RebateWorks (utility rebate procurement), and PACEWorks (clean energy financing). You can learn more about Octus at http://octusenergy.com, and more about PACEWorks at http://paceworks.net.

About Ygrene Energy Fund
Ygrene Energy Fund, headquartered in Santa Rosa, California, is the leading developer and administrator of PACE financing programs. Ygrene has developed a coalition of leading financial, energy efficiency and climate change organizations to deliver no-cost, turnkey PACE financing on behalf of municipal governments. Partners include Barclays Capital, Clean Fund, Lockheed Martin, Octus, Carbon War Room, Environmental Defense Fund, and the U.S. Business Council for Sustainable Development. Learn more at http://ygrene-energy.com.

About PA[color=red][/color]CE
Property Assessed Clean Energy (PACE) financing enables municipal governments to tap private capital markets to allow property owners to finance clean energy improvements such as solar panels, roofing, energy-efficient lighting and HVAC, and water conservation measures, which reduce utility bills to more than offset the tax bill increase. Property owners benefit from increased real estate values, occupants from lower utility bills and municipalities from local job creation. According to Pike Research, $2.5 billion will be invested annually in financing for retrofits in commercial properties through PACE by 2015. Twenty-four U.S. states and the District of Columbia have passed laws enabling PACE financing.

**will tap private investment to help stimulate the retrofitting of commercial buildings in Sacramento, potentially creating thousands of construction jobs.

Sacramento was selected by Branson’s nonprofit Carbon War Room, which works to battle climate change. The organization last week announced a consortium that includes Lockheed Martin Corp.

Branson’s project relies on Assembly Bill 811, a three-year-old state law that allows cities and counties to create special assessment districts that provide the up-front cost of solar installations and energy-efficiency improvements through financing garnered by the sale of clean-energy bonds.

Under PACE programs, cities or counties offer loans to finance upgrades that are paid back through property tax bills over a number of years.

Under the new consortium, private investors will generate cash for energy-efficiency retrofits of commercial buildings. While building owners pay for the improvements through a special assessment on their property taxes, the investors receive the assessments.

“Thanks for a proactive council and the vision and leadership by Mayor Kevin Johnson, this program will enable at least $100 million in energy efficiency projects and 1,500 jobs in the construction industry,” Ygrene president Dan Schaefer said in a statement.Sacramento joins Miami as the one of only two cities in the country to benefit from the program.

“Commercial PACE is a game changer for Sacramento,” Mayor Kevin Johnson said in a statement. “As California’s state capital, we are home to the most progressive environmental policies in the country. And now, with this partnership, we will see yet another example that good environmental policy is good economic policy.”

It is estimated that the $100 million investment has the potential to stimulate an additional $530 million in economic activity in the region.



Learn more here, or feel free to contact Octus. Kudos, again, to Ygrene, the City of Sacramento and the more than 150 contractors who have laid the foundation for a successful program.
Tagged with: commercial building energy efficiency • efficiency financing • energy efficiency financing • energy efficiency investment • energy efficiency project financing • Octus Energy • PACE • Property Accessed Clean Energy • renewable energy

Filings: Articles of Incorporation (CA - Active)
Source: California Secretary of State last refreshed 11/2/2012

http://www.corporationwiki.com/California/Davis/octus-energy/66462299.aspx