In this talk we will hear from Dorian Dale, Energy Director of Babylon, NY on how to transform a municipality into a one-stop shop for retrofits that makes it easy for a homeowner to have a more affordable, comfortable and energy efficient home.

The PACE model enables local governments to raise money through the issuance of bonds or other sources of capital to fund energy efficiency and renewable energy projects. In general, the financing is repaid over a set number of years through a “special tax” or “assessment” on the property tax bill of only those property owners who voluntarily choose to participate in the program. There is little or no up-front cost to the property owner, and if the property is sold before the end of the repayment period, the new owner inherits both the repayment obligation and the financed improvements.

Dorian Dale was appointed to the newly created position of energy director by Town of Babylon’s Supervisor Steve Bellone in 2006. The following year, the Town codified Energy Star standards for new home construction; 11 of Long Island’s 13 municipalities have followed suit. By the end of that year, the Town required all new commercial construction over 4,000sf to be LEED-certified. Realizing that existing buildings constitute 64% of Babylon’s carbon footprint, the Town introduced the Long Island Green Homes (LIGH) program that is enhancing the energy efficiency of the Town’s 65,000 detached houses by 30%. The innovative self financing formula has drawn the interest of municipalities from around the country, has been cited by McKinsey & Co as an exemplary program, and has been featured in conferences sponsored by ICLEI, Green for All, and Living Cities, as well as webinars from DOE and USGBC, for which Dale as served as a presenter. Eight of Long Island’s nine major towns have just joined in a joint application for DOE’s Retrofit Ramp-up competitive grant opportunity to be announced in the Spring that could bring a quarter of a billion dollars of efficiency work to this region based on a scaled version of the successful LIGH pilot that has hit 400 homes retrofitted or in the queue awaiting retrofit. Babylon’s was the first operational property assessed clean energy (PACE) program in the nation.
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These event are organized in collaboration with the School of Management and School of Forestry & Environmental Studies Energy Clubs with outreach partners ACORE, Connecticut Clean Energy Fund, Connecticut Energy Efficiency Fund, and New England Clean Energy Council.

Funding for the Carbon Finance Speaker Series "MegaWatts on Main Street" was made possible by a generous grant from the Emily Hall Tremaine Foundation.

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