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BACKGROUND The Energy Upgrade Pleasanton program provides City funded rebates for a range of residential and commercial energy upgrades, including such improvements as air sealing, installing a solar water heater, installing a home solar system, energy efficient windows, and other improvements. Rebates range from $500 to $1 ,000. A summary of the various programs provided is included in Attachment A. To date the residential EUP program has been very successful with a total of 127 residential rebates equaling $121,500 already approved and an additional 33 rebates reserved based on availability of funding. At completion, it is anticipated that over 250 households will have been upgraded as a result of the program. As a result of the program's success, and anticipated expenditure of reserved funds, staff has closed the residential program. While staff has conducted extensive outreach to the commercial sector, the EUP has not gained a lot of traction in this sector and to date only one $1,000 rebate has been approved. Staff has researched State wide other commercial programs and have found that the same is true that commercial is not active currently for these upgrades. Due to this situation, staff is recommending that the City Council amend the current funding distribution so that more of the available funding is used for residential rebates. Because the total rebate amount is not determined until completion of an energy upgrade, it is difficult to determine the new distribution of rebates. However, based on the existing wait list, staff anticipates that over 95% of the total $250,000 will be allocated as residential rebates. Amending the program in this way assures that available funding is utilized in a timely manner to take advantage of existing program publicity and that residents are able to take advantage of currently available state, federal and local energy upgrade programs. As indicated, this amendment will not change to total amount made available to the EUP. A summary of energy upgrades completed to date are as follows: EUP Energy Upgrades Completed to Date Program Rebates Paid Total Rebate Amount Basic Upgrade Package 11 $5,500 Advanced Upgrade Package 23 $23,000 Solar Alliance Program 93 $93,000 Total 127 $121,500 It should be noted that in addition to making residents' homes more comfortable and reducing energy costs, the EUP helped create more local green jobs and reduced our community's carbon footprint. Since the inception of the EUP program eight months ago, Pleasanton residents have installed over 487 kW of solar and performed energy efficiency upgrades to reduce energy consumption by 65,462 kWh and 10,413 therms annually. The energy efficiency upgrades alone have reduced carbon emissions by 97 metric tons, getting us closer to our AB 32 goals. Page 2 of 4