HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 01/18/2022 - STAFF REPORT: EPIC HOMES & BLOOMBERG MAYORS CHALLEEpic Homes &Bloomberg Mayors Challenge 01-18-2022John PhelanEnergy Services Senior Manager Tom PeckCommunity Member
2BackgroundEpic Homes helps customers achieve more efficient, comfortable and healthy living for homeowners and renters alike.Epic Homes encompasses various offerings: • Discounted home energy assessments• Substantial rebates on improvement projects• Attractive financing options• Certificates that document energy improvements• Indoor air quality assessments
3Our Climate Future Strategic AlignmentEpic Homes supports Big Move 6: Efficient Emissions Free Buildings It also…• Centers community with an integrated approach rooted in local partnerships • Centers equity by increasing focus on rental propertiesOCF Approach in Practice – StorytellingTonight, you will hear directly from a community member and rental property owner about their experience with Epic Homes.
4Partnerships
5An Integrated ApproachENERGY EFFICIENCY COMFORT HEALTH RESILIENCE
6A Focus on EquityRENTALS• More than 15,000 rental units in Fort Collins• More than 20,000 low-income residents• Addressing split incentive barrier• Epic Homes Renter GuideAFFORDABILITY• Epic Loan: Low-interest, on-bill financing and terms up to 15 years• Rebates: more $300,000 annually• Reducing utility bills
7ImpactSince 2010, over:• 4,600 homes with energy upgrades• $4.6M incentives• $4.8M in loans• 20 active local contractors• $10M in local economic impact annually
8Epic Homes for Rentals
9What You Can Do to Help•We have a long way to go with homes, especially rental properties•Talk about Epic Homes, share the information• Upcoming Council action• Renewal of third-party capital lines of credit• Council Finance Committee –February 4• Electric Utility Enterprise Board –March 1• Formal conclusion of Bloomberg Mayors Challenge• Summer 2022
For Questions or Comments, Please Contact:THANK YOU!John Phelanjphelan@fcgov.comfcgov.com/epichomes