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Home My WebLink About01062021 PACAB Laydown - Schneider - Memo to Council 210106PACABLaydown Schneider Memorandum Date:January6,2021 From:ChairLauraSchneider PortandCommerceAdvisoryBoard To:SewardCityCouncil Subject:HeatPumpRebateProgram DuringtheMay15,2019meetingofthePortandCommerceAdvisoryBoard(PACAB),the boardpassedamotiontoͻƩĻĭƚƒƒĻƓķtocouncilapprovingutilityrebatesforheatpump installsat50/50orυЊАЉЉͼ͵Thiswasbrieflypresentedtocouncilbytheelectricdepartmentat theFebruary3,2020worksessionaboutseveralelectricdepartmentmatters. PACABwouldliketoreaffirmourdesiretoseearebateprogramforairtoairheatpumpsin 2019presentationfromPhilKaluzaexplainsthingsverywell.Mostofthe Seward.Theattached informationisstillrelevant;however,currentfuelpricesmakethepayoffperiodlonger.We believethattheeconomicswouldstillbenefitboththecitizensofSewardandtheSeward ElectricUtility. Fundingfora50/50costsharingpilotprogramcouldbeachievedthroughagrant.Asthe programproceeds,theadditionalrevenuemadebytheelectricutilitywouldmakeitself sustaining.Anotheroptionwouldbetoprovidezeroorverylowinterestloanswithonbill repaymentthroughtheRuralEnergySavingsProgram(RESP).Thiswouldprovideupfront savingstothecitizenwhileonlycostingthecitythestafftimetoadministertheprogram. Thankyouforyourconsiderationofthisproposal.PACABwouldbepleasedtohelpwiththe developmentoftheprogramdetailsifcouncildecidestomovetheprojectforward.