Item 3- RCA: Com MF Aggregate Authority — original pdf

Backup

..De Posting Language ..Title Authorize issuance of rebates for multifamily and commercial customer energy efficiency measures by Austin Energy during Fiscal Year 2024-2025 in the aggregate amounts of $3,450,000 for multifamily programs and $3,300,000 for commercial programs, for a total combined budget amount of $6,750,000. Lead Department Austin Energy Fiscal Note Funding in the amount of $6,750,000 is available in the Fiscal Year 2024-2025 Austin Energy Operating Budget. Prior Council Action: September 21, 2023 - Council approved issuance of energy efficiency program rebates during Fiscal Year 2023-2024 for multifamily energy efficiency rebates and commercial and small business energy efficiency rebates. For More Information: Amy Everhart, Director, Local Government Relations (512) 322-6087; Joseph Teng, Manager, Energy Efficiency Services (512) 482-5439 Council Committee, Boards and Commission Action: Sept 9, 2024 - To be reviewed by the Electric Utility Commission Sept 17, 2024 - To be reviewed by the Resource Management Commission. Additional Backup Information: Austin Energy’s energy efficiency rebate programs provide customer incentives to reduce energy demand and associated costs, benefiting all electric utility customers and the utility. Aggregate authority for the issuance of rebates has been requested and approved in FY2020 thru FY2024. This authorization will allow Austin Energy to continue to issue rebates to multifamily, commercial, and small business customers during Fiscal Year 2024-2025 (FY2025) for energy efficiency improvements in accordance with program guidelines and up to a combined amount of $6,750,000. The aggregate rebate approval request reflects our continued commitment to be responsive and flexible to customer needs by reducing the wait time needed to be reimbursed for energy efficiency upgrades. Multifamily customers will receive an average of three upgrades per unit (e.g., smart thermostats, lighting, solar screens, HVAC tune-up, etc.), helping to reduce their energy costs. The aggregate approval ensures program continuity by assuring that contractors and property managers/owners will receive rebate funding promptly after work has been completed As per current practice, Austin Energy will continue to post a monthly project pipeline report with the meeting materials for the Resource Management Commission. This report provides: 1) a high-level summary of the total program pipeline; 2) detailed summary table of all active projects expected to exceed the FY2025 City Manager’s spending authority; and 3) detailed project summaries that include customer information, energy efficiency upgrades installed, expected savings, and other relevant data. The annual customer rebate cap will remain at $300,000 pursuant to Resolution 20140807-006.