 Welcome, thank you for joining us, we have a very exciting series of announcements to make today. This is a press conference I've been looking forward to for some time. Climate change, as you all know, is an existential threat to everything Burlingtonians value most. Our community, our health, our natural environment, and our thriving local economy. What we have learned and really demonstrated here in Burlington over years now is that through innovation and action we can turn this threat into an opportunity and in the face of a challenge as great as climate change we can forge incredible progress here at the local level towards a greener, safer, more just, and more vibrant future. That's why I was so proud to lead the effort in 2019 with BED to create a roadmap to achieve net zero energy by 2030 which is still, we believe, the most ambitious local climate goal of any city in America. And in 2020 we took a big step forward in that plan by launching the first green stimulus incentives to boost the city's economic recovery from the pandemic and to boost our transition to electric vehicles, to electric heat pumps, bikes, lawnmowers, and more. And that green stimulus program worked. Since announcing our first package of incentives for BED customers residential cold climate heat pump installations have increased by approximately 20 times. Today, excitingly, we are announcing another big step forward in our strategy to electrify everything here in Burlington. Congress's passage of President Biden's Inflation Reduction Act in 2022 represents the most important climate action the federal government has ever taken. It's now up to America's states and cities to implement this historic bill and make good on its transformative potential. Very excitingly, from my perspective, what this federal legislation does is in many ways dramatically amplify this strategy of electrifying everything that Burlington has been pursuing so aggressively since 2019. A very sizable percentage of that bill goes into new federal incentives that can be layered on top of what we have already been offering here. So what we're announcing today is new and expanded electrification incentives at the local level designed to help our ratepayers make the most of new opportunities flowing from this federal investment. I think the most important take-home message from today's announcements is that it has truly never been easier or more affordable for BED customers to make the leap to electric vehicles and electric heat. In many cases, Burlingtonians can now transition their home heating to electric for a lower monthly cost than they currently pay, or they can buy and fuel a new electric vehicle for a lower monthly cost than driving a new or even gently used gas-powered car. This is a real change from just a few minutes, a few years ago. It was, you know, when we started talking about this, there was a real gap between what the cost of these electric technologies cost customers. Today with these local and state incentives, it can truly be a step towards greater affordability for Burlingtonians to move in this direction. Today you're going to hear more about how BED's incentives combined with these state and federal opportunities are making it possible to buy, we're going to go into some examples and one of the ones that we want to detail for you is how it's possible to buy a brand-new Chevy Bolt for almost 50% off the sticker price by layering these incentives together. Darren, our general manager here, is also going to explain how these combined incentives and BED's new partnerships with VHFA, and we're excited to have Mark Collins, the Executive Director of VHFA here, create a new on-del financing program for both homeowners and for renters, which is new and unusual, so that homeowners and renters alike can now purchase and install heat pumps for up to 75% off the total cost and can affordably finance the remaining cost on their regular utility bill. Don't have to go out and set up some new loan that can use their utility bill to pay off the remaining cost. Figuring this all out, figuring out what kind of system is right for your living situation can be complicated, and that is why we have assembled an energy services team here at BED that offers free consultations about electrifying homes, and this is a service that we hope more and more Brawlin-tonians are coming to understand and take advantage of. Our skilled staff will walk you through exactly which incentives, rebates and tax credits you are eligible for and help you make decisions about how to save money and advance our common net zero goals and will refer you to local preferred vendors to purchase and install your new renewable technologies. A point I want to make and I hope everyone on the media, business owners, residents understand that these new incentives work very much hand in hand with some of the policies, the energy policies that the city has been pursuing. People know on money the city council voted to put a ballot item on the March ballot that will create a new carbon pollution fee for new construction or major buildings if the building owners are continuing to burn fossil fuel. These incentives, this energy services team are there to help to lend a hand for property owners that want to move away from fossil fuels and towards renewable electricity and take advantage of these incentives that can help you get there. Again, what I want Brawlin-tonians to know is there has never been a better time than 2023 to electrify your home or vehicle and I encourage you to take advantage of this robust combination of city, state and federal incentives and rebates to electrify everything and it helped us achieve our bold goal of becoming a net zero energy city by 2030. So with that, I now would like to invite Darren, spring her up to the podium, Darren's going to get into some of the details around how this actually works and Darren has been leading this effort, spearheading this effort for years now, so grateful to have your partnership with Darren and ex-Paquise really creating opportunities for Brawlin-tonians that virtually no other city in the country has and a lot of it has to do with your leadership and this team here. So, thank you, Darren. I appreciate it. Great to be with everybody today, I want to recognize the wonderful BED team members who are here with us who helped make these programs possible. I wanted to start off by talking about some of the new and improved incentives that we have from Burlington Electric at the local level from the utility and then also talk about some of the ways that those incentives are going to work with the new federal incentives. I'm going to talk a little bit about the new on-bill financing program and then I'm going to turn to Mara and then we're going to turn to Raul Young who is with us from rewiring America virtually from Washington, D.C. So just to start with, we've had an improved upon incentives for electrification since 2017 and we keep building and improving on those incentives every year and this year we have a few exciting ones to announce. The first is with heat pumps, with our cold climate heat pumps, we offer a really strong incentive. Previously we had not had an incentive for somebody who maybe is a homeowner, puts in a heat pump and says, hey this is working really well, I'd like to put in a second heat pump. We didn't have an incentive for the second heat pump. Our team worked to file something with the PUC and go through the regulatory process and now new for 2023 we're going to have a $500 rebate for a second heat pump in a home that has already installed a first heat pump with a more generous rebate. So that's new. We've heard from customers who are interested in that. When we think about electric vehicles, we're going to have the best incentive we've ever had for our low moderate income customers to purchase an electric vehicle. We're boosting that incentive to $3,000 from the utility for a new electric vehicle for our qualifying low and moderate income customers. We also are boosting the home charging rebate which was $700 up to $900 for customers buying a pre-owned electric vehicle which is also a really important market that we want to support. And then speaking of charging, we're going to have a host of great incentives for workplace charging. We're boosting our incentive if you're installing a level 2 charger at your workplace. That was $1,500 per port. Now it's going to be $2,000 so if you're putting in a couple of level 2 charging units at a workplace you can get up to $4,000 back from BED as a part of that. We also for the first time are going to have level 3 what we call fast charging incentives for customers who want to put these in at workplaces around the city. So $10,000 for a level 3 fast charger. And actually Burlington Electric's investing in fast chargers for the city as well. We're going to have one here at 585 Pine Street and one at the marketplace garage sometime in the next few months as part of our net zero revenue bond. We also have not forgotten about our customers who are mowing the lawn and we want them to mow electric. And so our residential riding mower incentive is boosted from $200 to $300 as part of the suite of changes. We also have a new energy ventilation program that's going to offer between $500 and $1,000 for what we call energy recovery and ventilation. This is really the mechanical systems that are taking fresh air into a home and removing air that needs to be taken out for health and for energy reasons. That's a new incentive program that we're going to have as of 2023. So what does it all mean especially when we think about the new incentives that are part of the Inflation Reduction Act? I just want to walk through a couple of examples. And some of these are time limited in certain respects. So our message is that this is the best combination of incentives and customers should act now if they're interested because these at the federal level may change as some of the guidance rolls out. But let's say you're a customer of ours here at Burlington Electric and you're looking to get a new electric vehicle in January of 2023. And you're looking at maybe the Chevy Bolt, which can get about 260 miles of range, is priced at about $31,000. So starting with the Burlington Electric incentive, we're offering up to 3,000 for low income, moderate income customers. The state also has a rebate of $4,000 for income qualified customers. And now, and this is new this year, the Bolt now qualifies for the $7,500 federal tax incentive, which it had not in 2022 because Chevrolet had gone through its full allotment under the previous program. So all of a sudden, we've got $7,500 from the federal government and $7,000 between BED and the state of Vermont. You're talking about taking almost half the cost off of this new vehicle and having that be maybe the most affordable vehicle you could buy as a new vehicle, but it's electric. It's got 260 miles of range. And then we can get you $900 to put in a level two charger at your home and sign you up for Burlington Electric's off-peak residential charging rate. Now you're charging for $0.70 a gallon instead of paying $3 or $4 for a gallon of gas. And we're charging with 100% renewable electricity and we're keeping more dollars local. That's the kind of win-win-win scenario that we have between the federal government, the state, Burlington Electric, and all of these opportunities when it comes to electric vehicles. Let's talk about heat pump, for example. So you are a homeowner. You want to put in a new single head heat pump to heat and cool efficiently in a space. So Burlington Electric has been offering, will continue to offer rebates that total about $2,450 off the cost of that heat pump. New this year, not in place previously, the federal government's offering a 30% tax credit that's available now up to $2,000 off the cost of that heat pump. So if the heat pump costs $5,000 or $5,500 to put in, you've got $2450 from BED. You've got maybe between $1,300 and $1,500 from the federal government. We're talking about taking something like 75% of the cost potentially off of that heat pump, making it incredibly affordable. And more recently, what we've learned, as the mayor alluded to, is it is now cheaper if you're looking at a single family residence to heat with a heat pump than it is with natural gas in Burlington. And that's a new development, really, in the last year. So we think that it's cheaper, better for the planet, and better for the consumer if you can go electric, whether that's with your electric vehicle, whether that's with a heat pump or all these other technologies. And then the last piece I just want to mention, and Maura's going to talk more about it, is Burlington Electric is really pleased to be partnering with VHFA on this new on-bill financing tariff, which is called the RAP tariff. And what that means is customers of ours are going to be able to finance weatherization and heat pumps and repay right on the electric bill. We're going to have relatively low interest rates for that financing. We're going to break through what has been a challenge to put in things like heat pumps in rental units, where we have a split incentive, where maybe the tenant is paying the bill and the property owner didn't want to make an improvement. Now with this new program, we can get that heat pump in, we can finance it, and we can have it stay with the meter. So that improvement and the savings is going to stay with the property. That's a brand new paradigm for us in Burlington, and we're excited about that. So I want to thank everybody for being here. I'm going to turn it over to Mara, and we'll be glad to answer questions after Mara and Raul. So thank you, Mara. Thank you. So as they said, I'm Mara Collins. I'm the executive director of the Vermont Housing Finance Agency. Thank you to the city and BED for inviting me here to talk about the weatherization repayment assistance program, or RAC program. We know that more than a third of the state's greenhouse gas emissions come from the thermal outputs of our homes and our businesses. And investing in weatherization is one of the most effective ways that we can meet our climate goals while also improving our housing stock and reducing the high energy burdens that disproportionately face lower and moderate income Vermonters. So RAC is an innovative on-bill financing structure that was developed in collaboration with Vermont's energy partners, including BED. VHFA is going to cover most of the upfront costs if you weatherize your home and will allow the participants, the residents, to then finance the remaining costs over time through a monthly charge on your utility bill, so on your BED bill. These projects will be carefully screened so that the average energy savings that you pay back of the RAC charge will be less than what your energy costs would have been prior to the renovation. RAC was designed to address a lot of the challenges that have historically kept many moderate and low income households from accessing the benefits of home weatherization. That's high upfront costs, limited access to credit, limited availability to different types of homes like rental properties, but RAC will not be doing credit checks on customers and instead will be looking at the clean utility bill payment history and looking at that and really underwriting the home. And if it's an energy hog home that is losing a lot of energy to the outside air, then that's going to be a target for what we're looking for in this program. So both, as been mentioned, both homeowners and renters can participate in RAC. And the best part is, is that one thing that keeps people from weatherizing is the thought of that they'll be moving soon, especially if you're a renter, but even as homeowners, they don't know how long they'll be in the home and will they live there long enough to recoup the investment that they put in. With this program, that RAC charge stays with the electric meter and so it transfers to the new resident and you don't need to pay it off before you move. So this program would not be possible without the efforts of many partners across the state. The governor's administration proposed funding and the legislature supported that to kickstart these efforts and they encouraged us to explore on bill financing and awarded VHFA $9 million for this program. And recently, Senator, retiring Senator Leahy was able to secure us an earmark in the federal budget to add another $8.5 million to this broader effort. So BED has been a great partner in the development of RAP and will, it'll be BED who's connecting customers with approved contractors and rebates as Darren explained and will be working with VHFA on the back side for the on-bill repayments. So together we're excited to deliver a program to Burlingtonians that will help more residents benefit from safer, more comfortable homes, lower heating bills and overall a better future for our city. Thank you. And I just wanted to mention that Raul's organization Rewiring America, we work with a lot in DC, but I think Raul is joining us from San Francisco, so my apologies for the error, and we're going to turn it over to Raul to learn more about the federal incentives and some of the tools that Rewiring America has for customers, including Burlington customers. Here comes Raul. Just want to get by the microphones. Hold on Raul. All right, Raul, you're looking good. Let it fly. Can you all hear me? Okay. Yeah? You good? You can hear me? We're good, Raul. Hi, everyone. Thanks, Darren, Mayor Weinberger. So excited to get to participate in this event. I'm Raul Roul Young. I'm Rewiring America's director of local engagement. So if you'll be able to get to participate in this announcement, Mayor Weinberger was a founding member of our mayors and municipal leaders for electrification and coalitions. And Darren's a member of our CBOs for electrification and coalitions. We salute the leadership that you and your colleagues have shown here. It continues to lead the way in pursuing the ambitious goal of becoming a men's hero in a city by 2030. Offering additional localized incentives, as Burlington elected department and its partners are doing, is something cities around the nation should strive to emulate. In combination with the newly available Inflation Reduction Act, home electrification tax credits, and the forthcoming rebates, Burlingtonians are in a better position than ever to electrify everything, saving money on energy costs, and creating healthier homes for families. 2023 is going to be the year that we turn the tide against climate change and supercharge electrification in our country. Thanks to the Inflation Reduction Act and the incentives we're announcing today, every one of you out there has an electric wallet filled with incentives that will help you make your homes and lives better, healthier, safer, more comfortable, and better for the environment. So anytime you're wondering what can I do for the climate, this is the answer. This is what you can do. I encourage all of you to go to our website, rewiringamerica.org, and click on the IRA savings calculator link on the top right corner to learn more about the specific technologies and national financial incentives that you can access. And for anyone who's listening who's outside of Burlington, I hope you'll encourage your local elective leaders to follow Mayor Weinberger's lead and take the electrification pledge and join rewiring America's mayors and municipal leaders for electrification coalitions, which you can also access at rewiringamerica.org. Congratulations again to Mayor Weinberger, Darren, Burlington for your leadership commitment, climate action, and electrification. Thank you. You froze up there just as you hit the final word there for a moment. It seemed like great timing here. So grateful to have you with us for this event. Raul is new to rewiring America. We haven't had a chance to meet in person yet. I'm looking forward to doing that very soon. And members of the public the media may remember, we had a town hall meeting last winter with Saul Griffin, who is the founder of rewiring America, one of the founders and who has been just really remarkable, MacArthur genius award-winning leader, really bringing the country and in many ways the world's attention to how important this electrification strategy is and something that doesn't get talked about enough, that when we do electrify everything, not only will we address a very large percentage of the climate emergency, we will make life more awesome in other ways as well. There will be massive health benefits to getting the air pollution from automobiles even as much as we've improved that already in this country. There's still nine million people a year estimated who die prematurely from air particulates. Electrifying everything will go straight to that. Indoor air quality is a huge issue. We've learned more every year about how gas cooking has negative impacts particularly on children living in those households, especially if you're not getting proper ventilation. Electrifying cooking as we have incentives to do can have huge health benefits there. There are noise benefits with having electric vehicles that are much quieter than traditional cars and the same is true of course for leaf blowers and lawn mowers as well. And it goes on and on. I think for a long time we worried that to get to, to stop global warming, stop climate change we would need to adopt some extremely austere vision of the future that really represented a kind of retreat towards a lot of the economic progress that this country and the world has made. Rewire America has really I think helped a growing number of Americans understand that the future that addresses climate change is going to be an exciting future. It's one, and that's part of why I'm so committed to getting Burlington there as fast as we can. It's going to be a better Burlington when more Burlingtonians take advantage of these incentives and electrify their homes and their vehicles. So with that, we've been talking a lot. All of us are happy to take any questions that you may have. You can have an electric forklift, Catherine, if you want to, you know? Yeah, that's a great point. And one that is really exciting, the technology is changing dramatically in these areas. This Inflation Reduction Act seeks to accelerate that even further. Something we're just beginning to understand as a city and that frankly we're waiting for some of the rules to be written is there's going to be major incentives for heavy equipment to be electrified for large vehicles like we use to plow the streets and buses and eventually fire engines and areas where the technology hasn't kept up yet we think is going to advance very quickly in the years ahead. That said, yeah, what are some of the ways that the future is here already, Derek? Sure, so think back to maybe 2008, 2009 with electric vehicles. We had really kind of a couple options. We had the Chevy Volt, which could get you about 37 miles of range and then had to switch to a gas backup engine. We had the Nissan Leaf came out I think with around 76 miles of range. We talk about electric vehicles today. We're talking hundreds and hundreds of miles of range. The vehicles that are right here, the Chevy Volt, the Mustang Mach-E these are both between 200 and 300 mile range vehicles. We've seen on the higher end that some vehicles are getting four and 500 miles of range. So I think of that as really tangible progress in about a decade plus time. Think about heat pumps. Heat pumps did not used to be usable in a climate like Vermont. There was not an option to be able to heat down past about five degrees and now we have the cold climate heat pumps really just in the last decade again that are working down well past five degrees can work down at negative five, negative 10, negative 15 and beyond. That's a great new technology that really has come far. And when we think about the future, we think about some of the things that the Inflation Reduction Act is going to spur. I think about battery storage. When it comes to vehicles, when it comes to electric aviation like what's happening with the Beta at the airport, we think about grid storage. Batteries are going to be a key technology and there are opportunities to have more energy dense batteries that are going to be cheaper, that are going to have different qualities than we have today. That's going to mean even faster recharging for vehicles so that they're competitive with refueling like a gas vehicle can be. And the Inflation Reduction Act has incentives in place to really centralize that type of research development manufacturing in the United States. Really, really strong domestic manufacturing policy. So those are just a few thoughts. Probably other areas we could talk about, but a lot of exciting things in the last decade. And Mara might want to jump in on this too, but I think this is one of the pieces of the Raptera that might be really, really interesting as we implement it is previously if you had an improvement like weatherization or putting in a heat pump, and maybe that puts upward pressure in terms of the rent. In this case, with the building owner's approval, of course, if a tenant wants to put in a heat pump or wants to weatherize the unit, we can keep the cost of that essentially with the electric meter. So it's not something that the property owner is paying for or could use as a justification for increasing rent. And on the other hand, with the incentives, the incentives are going to come and help lower the cost. The financing is going to be affordable through VHFA and through your Burlington Electric bill or in some cases might be your Vermont Gas bill or whichever utility is partnering. And really the goal is to lower cost overall. So yeah, there's going to be some additional financing to pay for the heat pump or the weatherization. But we're going to have energy savings that are going to more than offset that. So the goal here is really to remove that upward pressure on rent and have lower energy costs for the person who's occupying the space. I don't know if you have other thoughts. The only thing I'd add because I think you're spot on with that is that we are really focused on the needs of low and moderate income Vermonters. And so the RAP program I probably didn't make clear enough is just for income eligible households, not all households. And so, you know, this is really innovative and new that it's going to be one of the first times we can offer a program that addresses that split incentive that we see where landlords, I don't see why they wouldn't allow it to happen. If anything, we're going to improve the value of the property itself whereas keeping that payment with the tenant because usually tenants pay utilities. But by focusing our efforts on low and moderate income Vermonters we make sure we're addressing the energy justice needs that need to be addressed with all these incentives. I kept hearing Darren say a lot about income eligibility for a lot of these programs and that's a wonderful thing to see that we are largely directing a lot of these incentives to income eligible households to make sure that they can not only reap the health benefits that the mayor was speaking about and the entire economy can benefit but also that the individuals find these upgrades affordable and reasonable for them to take on. I'm blanking on it, so can I get back to you? Do you know me? The income limit on this. Oh, up to 120% of the area median income, that's not going to help you though with a real number so I'd have to get back to you about like a dollar figure. Yeah. Thanks for that more. I think you hear in these national debates a lot of talk about how critical it is if we're going to work towards addressing the climate emergency that we do so by taking steps for a just transition as I kind of catch word you hear a lot. These are really concrete tangible ways in which these local net zero efforts are, we are attempting to implement and achieve that just transition, creating these local incentives that are income eligible and that more and more people are taking advantage of when we started this back in 2017, there were very few low and moderate income repairs were taking advantage of them. We have succeeded in pushing that number up over time and with the help of the federal government and these new programs we're excited to see that figure go even higher. I guess when you talk about, this was a good question, when you talk more about like an upcoming increase in these heat pumps and the charging stations, I guess where is the money coming from? Well it depends on the incentive of course. So the big change from prior years that as Darren said, Brawantonians who are even considering changing cars, electrifying their homes should really take advantage of right now are these additional federal incentives which are being paid for by the federal government and by this massive infusion of resources, $360 billion of resources in the Inflation Reduction Act that is being paid for out of the federal treasury. The local incentives are kind of different and one thing I always like to remind people with them, these are sort of different than some other government programs which are, I think we're all used to sort of seeing some government programs as being sort of assistant programs from the government that are subsidized by other taxpayers. That's not the case with these local incentives. These local incentives really are more like a hotel offering a discount when there are available rooms. We have lots of additional electric capacity here in Burlington and a lot of it sort of goes unsold right now and we are very excited. This is a business strategy in many ways for the Burlington Electric Department that as we have more customers that are getting around town with electric vehicles and heating their home with electricity, we will be able to bring more revenues into the Burlington Electric Department that really pay, if you take a long view, go a long ways towards paying for these incentives, the additional revenues coming in. So this is, we are projecting over, to meet our 2030 goals, there's going to be a big increase in the amount of renewable energy that we're going to generate and sell to the public and these incentives help us achieve that. Do you want to add anything to that? That was a great explanation. I would just add that the net zero energy revenue bond that we voters approved in December of 21 and we issued in April of 2022 is part of that strategy to provide us with liquidity to be able to fund the incentives and not only fund them because they have a business case but actually fund them at beyond the levels that are required of us in state policy. So we're actually trying consciously to double or more the requirements that the state has for us to be offering these programs to customers as part of our strategy as part of the net zero energy revenue bond. So McNeil, when we think of it in terms of the generation, the first question is really what can the grid manage because we're interconnected with Vermont, with New England and we have capacity within our grid now to manage additional usage, particularly if you think about it off-peak. That's why we have the EV charging rate that we have is we want to encourage customers to use electricity when we have the capacity available where it's cheaper but with things like heat pumps and other technologies we hope to see more usage and that's part of the revenue bond as well is to upgrade the grid to be able to handle some additional capacity and additional usage over time. McNeil's output is really something that's driven in part by the New England market so we want McNeil to be running, we want our hydros to be available, both our local and we also get some hydro from out of state as well. We have wind in Vermont and out of state, we have solar in Vermont. The question, I think a good question is moving in this direction as utilities in Vermont, what are we going to be able to build either in Vermont or in the region that's going to be cost effective new renewables. Right now we see a lot of solar development in Vermont. There's really no new wind. We have the orb at the airport. It's the only new wind project in the last, I don't know how many years and we hope to have more of those and test them out but really no new large scale wind that's happening. There's offshore wind that's being developed for years out. So that's a question that I think the region needs to grapple with is how are we going to bring on more cost effective renewables at scale, what solutions are out there. McNeil will continue to be a really important resource for us. Just in December as a side note, we had really high price spikes in New England around the time of around the Christmas holiday. Prices went as high as $2,000 a megawatt hour when typically a day and maybe more like $100 or $200 on a colder day. Oil generated something like a third of our energy during that period of time in the New England region. Burlington is 100% renewable but the region is over dependent on natural gas, over dependent on oil. We need newer renewables to help reduce that dependence. Catherine, I think the message is now is the time to do it. Now is the time to get serious about shifting to an electric vehicle or a cold climate heat pump. The financial opportunities are far greater than they have ever been right now. We may lose some of it in the months not too far ahead so if you're thinking about it get serious about it right now act now and if you need help with it call BED and we can help you sort through your options. 865-7300 or Energy Services at BurlingtonElectric.com Right. The operation of electric vehicles we can help people with. Burlington customers who get a smart charger can pay a much lower rate like Darren mentioned, you can pay if you are charging your car during off-peak hours which is the biggest part of the operating costs of an electric vehicle you can pay as low as the equivalent of 70 cents a gallon. From my perspective and I've been an electric car owner on leaf days for years now since the last time I owned a gas vehicle this is actually one of the advantages of electric vehicles over traditional combustion engine vehicles there are a lot less moving parts in an electric car than there are in a gas powered car and there are virtually no maintenance costs but for you do have to replace the tires a little bit more often the electric engines are so powerful they're much it's another advantage of electrifying the cars are better you can accelerate quicker when you're getting on the highway and that does put some additional pressure on the tires you do have to in my experience replace the tires more often that is the only thing we have spent any maintenance money on in our electric vehicle for years so we are it's one of the reasons we're excited as vehicle owners as an organization as quickly as possible and that we are seeing those maintenance costs go down when we make that transition one of the exciting things I think with electric vehicles is you can do a lot with software updates so things that might have required going in for a visit to a dealer now they're happening over the air I'm an electric vehicle owner as well I wake up some mornings my car says hey I've updated I've fixed this issue just like your iPhone or your android phone might update over time and improve software systems as well but no oil changes a lot of the things we think about are traditional maintenance with heat pumps things like that the warranties have gotten better and better used to be a 5 or 7 year warranty on a cold climate heat pump now they're going out 12-15 years so you can really cover the life of the system and the other thing just to your point one of the barriers that we've seen is people need to upgrade their electric panels and for a long time there was no financial support available for that the inflation reduction act changes that so we now have incentives as well as rebates that are coming in the coming months Ray will mention the rebate programs for income qualified individuals we have support to change out your electric panel if you're running into the problem of you don't have enough capacity to be able to add a charging unit to your home or you want to put a heat pump in but you need an upgrade there's financial assistance available with 20 million in funding to help income qualified folks be able to upgrade their electric panel that's been a key barrier we want to upgrade those panels so people can add a heat pump, add a heat pump water heater add an EV charging station and be able to take advantage of all these programs great thank you all for joining us today thank you to the team for being here and all the work you've done to get us the point where we can make these announcements Ray will again look forward to meeting you maybe next week I'm going to be at the US Mayor's Conference next week I don't know if you're going to be around and more awesome always to be with you thank you for your partnership on so many fronts and we'll talk to you again soon