Tuesday, July 24, 2012

Initial Findings on South Carolina's "Help My House" Pilot Released | Environmental and Energy Study Institute

Washington, DC - South Carolina rural electric cooperatives (co-ops) have released promising preliminary findings from their "Help My House" pilot, part of the co-ops' Rural Energy Savings Program. The pilot allows co-op members to borrow money for energy efficiency improvements to their homes, which is repaid as part of their electric bills. This process is referred to as "on-bill financing." The 125 participating households are projected to save an average of more than $400 per year (after loan payments) by reducing their electricity use an average of 35 percent.

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