Incenzo

Incentives in action, savings in sight

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CONFIDENTIAL AND PROPRIETARY

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Low-income households face high energy burdens

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Proportion of incentives received by bottom 60%

10%

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We’re missing the mark

Investing $7 million to save 0 MWh

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Mass Save | Massachusetts Largest Single Climate Funding Package

“We empower residents, businesses, and communities to make energy efficient upgrades by offering a wide range of services, rebates, incentives, trainings, and information.”

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• $13.7B budget, 2025-2027
• Largest incentives targeted toward low-income households
• Funded by Massachusetts’ utility companies

In line with state goal to decarbonize while addressing the needs of underserved communities

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So what towns did Mass Save money go to in 2023?

• 0%

• 1%

• 2%

• 3%

• 4%

• 5%

• Energy Savings

• Avg $ Incentives / Resident

• Avg Household Income

• Avg $ Incentives / Resident

More incentive $ leads to more energy savings

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So what towns did Mass Save money go to in 2023?

• 0%

• 1%

• 2%

• 3%

• 4%

• 5%

• Energy Savings

• Avg $ Incentives / Resident

• Avg Household Income

• Avg $ Incentives / Resident

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Meet the Incenzo Team

With excellence in:

Energy analytics

Manufacturing systems optimization

Computational modeling

Product management & Operations

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Incenzo

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Incenzo solves these problems using newly available data from the Palmetto digital twin API

Household appliance efficiencies

Home features (e.g. m², floors, age)

Electricity and fossil fuel consumption

Energy consumption costs & efficiencies

API

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Utilities achieve their goals with Incenzo

Which zip codes to target

Maximize savings to company

Maximize emissions and equity impact

How does Incenzo improve incentive effectiveness?

• 0%

• 1%

• 2%

• 3%

• 4%

• 5%

• Energy Savings

• Avg $ Incentives / Resident

• Avg Household Income

• Avg $ Incentives / Resident

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What this could mean for government incentives across the US

Through better targeting we see…

70%

90%

Mass Save funding to bottom 60%ile-income communities

Imagine this tool across the US

• $1.1B bill in California annually to support residential energy efficiency upgrades
• $8B federal tax credits claimed by individuals through the IRA
• … and over $50B in additional climate funding

Mass Save funding to top 25% of emissions-reducing opportunities

Energy Efficiency Portfolia Approval; California Public Utilities Commission (2023); https://docs.cpuc.ca.gov/PublishedDocs/Published/G000/M512/K638/512638943.PDF

Fact Sheet; Inflation Reduction Act Press Release (2023); https://home.treasury.gov/news/press-releases/jy1830

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Up next for Incenzo

Open discussions with Massachusetts utilities about piloting tool

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Incorporate additional climate incentives

• Water heaters
• Solar PV

Expanding pilot program to states with more varied climates and larger energy burdens

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Summary

Current funding allocation poorly reduces emissions and poorly prioritizes underserved communities

• Potential for fund reallocation!

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Using tailored data on a generic policy can maximize potential gains

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Right incentives & tools align public good with private interests leading to cross-functional wins

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Thank you! Any questions?

Incenzo

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• Incentives in action, savings in sight