Join Jeff Pitkin, Treasurer of the New York State Energy Research and Development Authority (NYSERDA), for a presentation on how New York State is developing innovative methods of providing energy efficiency financing in residential dwellings (1-4 family), small commercial, not-for-profit, and multifamily buildings (5+ units) through the Green Jobs-Green New York program.
The New York State Energy Research and Development Authority (NYSERDA) provides energy efficiency financing on a statewide basis in New York for multiple sectors through the Green Jobs-Green New York program. This program was established in legislation enacted in October 2009, and calls for NYSERDA to provide innovative financing for financing energy efficiency improvements in residential dwellings (1-4 family) and small commercial, not-for-profit, and multifamily buildings (5+ units). The program is funded by $112 million provided through the legislation from the proceeds of emissions allowances through the Regional Greenhouse Gas Initiative (RGGI), $18.6 million in grant funding from the U.S. Department of Energy, and through capital markets financing, including the use of allocations for the issuance of Qualified Energy Conservation Bonds.
NYSERDA is developing efforts to offer multiple forms of financing in each sector, including direct financing obligations, on-bill recovery financing, and property assessment-based financing. The webinar will explore how the program leverages existing programs in each of the sectors, and also incorporates new approaches for consumer outreach and engagement through constituency-based organizations, supported by workforce development activities for participating contractors to create and increase the number of green jobs.
Jeff Pitkin is Treasurer of the New York State Energy Research and Development Authority (NYSERDA), a position he has held since 2001, and served as Controller and Assistant Treasurer since 1991. He is responsible for accounting and financial reporting, budgeting, contract management, and information technology, and the Authority’s bond financing program, which has issued $3.6 billion in tax-exempt bonds to finance qualifying investor-owned utility capital expenditures. He is currently leading the effort to create financing structures to support energy efficiency financing for residential, small business/not-for-profit, and multifamily building property owners under the Green Jobs-Green New York program, using $112 million in funding provided through legislation, federal grants funds, and capital markets financing. Previously, Mr. Pitkin was Controller for Trans World Music Corporation and was a Senior Accountant for Ernst & Young. He is a certified public accountant, and received a BBA in Accounting from Siena College.
The Blueprint for Efficiency series is supported by the Emily Hall Tremaine Foundation, Yale University and the Massachusetts Institute of Technology (MIT) Energy Club. The series will take place from November 2010 through May 2011. It will be free and open to the public through online webcasts that will be conducted on a weekly basis from 12pm to 1pm EST. Each presentation will be recorded and made available to the global community through Yale University on iTunes U.