A look at the Delaware Sustainable Energy Utility

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 Star 

Rebates awarded: $207,468

Annual Energy Savings: $36,450

 

• Energize Delaware Revolving Loan Fund 

Value of closed/completed loan: $1 million

Annual energy savings (completed project): $197,959

 

• Solar Renewable Energy Credit (SREC) Upfront Purchase program 

Total SREC Purchase Costs: $28,902

Annual tons of air emissions avoided: 63

Annual value of solar production: $11,645

 

• Green for Green 

Rebates/incentives awarded: $412,500

Annual energy savings: $124,371

 

• Energy Assessments 

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 Auction 

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.

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