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AgdaPkt 2020-11-16 Special
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AgdaPkt 2020-11-16 Special
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Last modified
11/17/2020 10:54:32 AM
Creation date
11/12/2020 6:50:43 PM
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CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Special
Agency Type
City Council
Date
11/16/2020
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6.A. - Page 107 of 251 <br />Appendix <br />F. Summary of Funding Sources <br />For implementation of the CAP, Redwood City must evaluate strategies for financing climate protection actions and <br />provide adequate, reliable, and consistent long-term program funding. This appendix provides an overview of <br />available funding sources to help determine appropriate potential program funding sources and funding levels to <br />support existing and new programs outlined in this plan. Other funding sources may be available that are not listed <br />here. <br />F.1 Federal Funding <br />Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants <br />program https://www.transportation.gov/BUILDgrants <br />Transportation Secretary Elaine L. Chao announced that in fiscal year 2020 over $1 billion will be available for <br />transportation projects that "have significant local or regional impact." Cities can apply for a BUILD grant to fund <br />road, rail, transit, and port projects. In the first two years of the BUILD Grants Program, other cities in California <br />were awarded grants for zero -emission, battery -electric buses and chargers, as well as roadway improvements to <br />enhance walkability and bikeability. <br />F.2 State Funding <br />Energy Conservation Assistance Act (ECAA) Program Loans <br />http://www.energy.ca.gov/efficiency/financing/index.htmi <br />Since 1979, more than $399 million has been allocated to more than 850 recipients through ECAA Program Loans. <br />The program offers loans with a one percent interest rate to finance energy efficiency improvements. The maximum <br />loan amount is $3 million per application. Eligible projects include lighting system upgrades, pumps and motors, <br />streetlights and LED traffic signals, energy management systems and equipment controls, building insulation, <br />energy generating infrastructure including renewable and combined heat and power projects, HVAC equipment, <br />water and waste water treatment equipment, and load shifting projects. <br />F.3 Utility Programs <br />Pacific Gas and Electric Company (PG&E) offers a full suite of energy efficiency rebates to support its customers <br />in saving energy and money. <br />Rebates <br />For households: <br />https://www.pge.com/en US/residential/save-energy-money/savings-solutions-and-rebates/rebates-by- <br />prod uct/rebates-by-product. page? <br />For small and medium businesses: <br />https://www.pge.com/en US/business/save-energy-money/business-solutions-and-rebates/product- <br />rebates/product-rebates. page <br />For large businesses: <br />https://www.pge.com/en US/large-business/save-energy-and-money/business-solutions-and-rebates/product- <br />rebates.page <br />City of Redwood City Climate Action Plan 96 <br />412 <br />
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