Qualification for loans.
To qualify for a loan from the National Capital Energy Fund, the property owner shall file with the administrator a loan application including the following: The amount of loan requested; The agreement of the property owner to pay the full amount of the Special Assessment; A description of the Energy Efficiency Improvements that the property owner proposes to install and an estimate of the cost of the installation; An Energy Efficiency Audit from an auditor approved by the Administrator stating the amount of energy and water used by the subject property and the amount of the energy, water, and stormwater to be saved by the property owner through the installation of the Energy Efficiency Improvements, shall include in its calculation of savings reasonable estimates of: Energy and water price inflation likely in the future utility costs of the property; and Additional energy savings expected from the property owner’s selection of Energy Efficiency Improvements when replacing equipment using energy or water. A statement establishing that the value of the savings from the installation of the Energy Efficiency Improvement is reasonably expected to equal or exceed the amount of the principal of, and interest on, the Energy Efficiency Loan and, if the property owner requests financing under § 8-1778.43(b), the cost of the Energy Efficiency Audit; Credit information and information regarding the subject property as determined by the administrator; Property owner certification that the Special Assessment will not violate any agreements with any other lender or provision of applicable lender consents; and Other information or documentation as the Administrator may deem necessary to evaluate a loan application. The property owner shall pay a fee at the time of filing the application in an amount to be determined by the administrator to be sufficient to cover the cost of processing the application and making the Energy Efficiency Loan.
Annotations
May 27, 2010, D.C. Law 18-183, § 302, 57 DCR 3406 Apr. 20, 2013, D.C. Law 19-262, § 102(g), 60 DCR 1300 For temporary (90 day) addition, see § 203 of Energy Efficiency Emergency Act of 2009 (D.C. Act 18-324, March 1, 2010, 57 DCR 1851). Section 402(b) of D.C. Law 18-156 provided that the act shall expire after 225 days of its having taken effect. “(b) The property owner shall pay a fee at the time of filing the application in an amount to be determined by the administrator to be sufficient to cover the cost of processing the application and making the energy efficiency loan.” “(7) Property owner certification that the Special Assessment will not violate any agreements with any other lender or provision of applicable lender consents. “(6) Credit information and information regarding the subject property as determined by the administrator; and “(5) A statement establishing that the value of the energy saved by the installation of the energy efficiency improvement exceeds the amount of the principal of, and interest on, the energy efficiency loan; “(4) An energy efficiency audit from an auditor approved by the administrator stating the amount of energy used by the subject property and the amount of the energy to be saved by the installation of the energy efficiency improvement; “(3) A description of the energy efficiency improvement that the property owner proposes to install and an estimate of the cost of the installation; “(2) The agreement of the property owner to pay the full amount of the Special Assessment; “(1) The amount of loan requested; “(a) To qualify for a loan from the National Capital Energy Fund, the property owner shall file with the administrator a loan application containing the following: “Sec. 203. Qualification for loans. Section 203 of D.C. Law 18-156 added a section to read as follows: The 2013 amendment by D.C. Law 19-262 rewrote (a)(4); substituted “savings from” for “energy saved by” in (a)(5); and added (a)(8) and made related changes.
Sourced from the DC Council Open Law Library (public domain).
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