Tuesday, March 25, 2014

Energy efficiency aid can counter utility rate hikes – The Post and Courier

  • Posted: Tuesday, March 25, 2014 12:01 a.m.

  • The best approach may rest in the success of on-bill financing, the emergence of Community Development Financial Institutions (CDFIs), and the promise of a statewide Energy Efficiency Fund.
    On-bill financing allows a homeowner to receive energy efficiency upgrades - such as weatherstripping, duct and insulation repair, and HVAC replacement - without having to pay for the up-front installation costs. The utility company instead finances the upgrades, and the homeowner's utility bill usually drops significantly. Then, a portion of the monthly savings goes back to the homeowner, and the rest goes to reimburse the utility.

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