Full Title: Financing Energy Improvements on Utility Bills: Market Updates and Program Design Considerations for Policymakers and Administrators
Author(s): Zimring, Mark, Greg Leventis, Merrian Borgeson, Peter J. Thompson, Ian M. Hoffman, and Charles A. Goldman
Publisher(s): Lawrence Berkeley National Laboratory
Publication Date: May 1, 2015
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Description (excerpt):
Financing Energy Improvements on Utility Bills: Market Updates and Key Program Design Considerations for Policymakers and Administrators provides an overview of the current state of on-bill programs and provides actionable insights on key program design considerations for on-bill lending programs. States and utilities are increasingly turning to on-bill financing to stretch their limited efficiency program dollars and to overcome a number of barriers to the uptake of energy improvements in residential and non-residential properties.
The report describes the historical evolution of on-bill programs and draws on data collected from 30 on-bill programs (including 13 in-depth case studies which are discussed in the technical appendices) to review and analyze key trends in on-bill programs, including their geographic reach, loan volumes, loan performance, and four important program design features.
- How is the loan product structured? Power disconnection and meter attachment
- Where does loan funding come from? Selecting sources of capital
- Who is eligible? Assessing customer creditworthiness, underwriting criteria
- What can participants finance? Eligible energy, and non-energy, improvements.
Financing Energy Improvements on Utility Bills: Market Updates and Key Program Design Considerations for Policymakers and Administrators is available as a full report below. The executive summary, a summary of the report in presentation form, and technical appendices (which include 13 in-depth case studies) are also available individually.