Thursday, March 31, 2011

South Carolina Homes Receive Energy Efficiency Retrofits | Environmental and Energy Study Institute

"The next step in the development of the rural energy savings program will be to apply an “on-bill” financing program, where residents receive a low-interest loan to pay for their own retrofit costs. Loans would be paid back through installments on monthly utility bills. “We expect the energy savings to drive down bills for these families substantially during peak energy seasons,” said Mueller. “Two-thirds of that savings will be used to pay back the loan, and after the payback period, all of the energy savings will just be cash in the pocket.”"

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