Loading...
2020-009 GreenSense Incentive Program Funds UpdateDate: January 31, 2020 Report No. 2020-009       INFORMAL STAFF REPORT TO MAYOR AND CITY COUNCIL SUBJECT: Update on the City’s GreenSense Incentive Program funds. EXECUTIVE SUMMARY: On October 1, 2019, the City of Denton’s GreenSense Incentive Program started with a total budget of $750,000; allocating $250,000 for energy efficiency rebates and $500,000 for solar installations. To date, the City has received 107 energy efficiency applications qualifying for $33,000 in rebates. The City has also received 106 solar applications qualifying for $482,000 in rebates. The remaining funds balance for energy efficiency is $217,000 and $18,000 for solar. Solar funds are expected to be depleted by February 7, 2020. BACKGROUND: The City of Denton provides incentives for Denton Municipal Electric customers that perform energy efficiency and conservation improvements in their homes and businesses through the GreenSense Incentive Program. Implemented in 2009, the Program started with a total budget of $180,000 which was exhausted after one rooftop solar and 568 energy efficiency projects; it quickly grew in both scale and funding. STAFF CONTACT: Chris Lutrick (940) 349-7152 Chris.Lutrick@cityofdenton.com STAFF TIME TO COMPLETE: Chase Wittman – 1 Hours