A look at the Delaware Sustainable Energy Utility
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According to the Delaware Sustainable Energy Utility Executive Director Tony DePrima, the nonprofit’s primary funding source is the Regional Green House Gas Initiative, which facilitates a CO2 cap-and-trade program and reinvests in energy and consumer programs. The DESEU receives $10 to $12 million each year from that allotment. It also issued a $72.5 million bond.
• Home Performance with Energy StarÂ
Rebates awarded: $207,468
Annual Energy Savings: $36,450
• Energize Delaware Revolving Loan FundÂ
Value of closed/completed loan: $1 million
Annual energy savings (completed project): $197,959
• Solar Renewable Energy Credit (SREC) Upfront Purchase programÂ
Total SREC Purchase Costs: $28,902
Annual tons of air emissions avoided: 63
Annual value of solar production: $11,645
• Green for GreenÂ
Rebates/incentives awarded: $412,500
Annual energy savings: $124,371
• Energy AssessmentsÂ
Annual energy savings found: $551,013
Tons of air emissions avoidance found: 3,835
• Pathways to Green Schools
Annual Energy Savings Found: $399,811
Tons of air emissions avoidance found: 2,254
Total program funding: $66,000
• Energy Savings Performance Contracting and Bond Financing
Overall financing interest rate: 4.07%
Total construction value: $75,100,000
Guaranteed Energy Savings: $148,00,000
• Annual Solar Renewable Energy Credits Procurement AuctionÂ
SRECs bid into auction: 5,293
Value of SREC transactions: $3,864,609
Delmarva Power promotes the programs offered by the DESEU, according to Delmarva Power Media Relations Manager Nicholas Morici. He added that it could offer its own initiatives for commercial and industrial customers based on recommendations by the State Energy Efficiency Advisory Council.
