With no upfront costs, this innovative financing tool makes energy efficiency affordable to all

From Nate Berg / ENSIA: North Carolina’s Roanoke Electric Cooperative is helping members bring down energy costs. Because the energy costs in this area is due to a lack of energy efficiency, the cooperative offers tariffed on-billing to help homes offset expenses like insulation and new heat pumps. The tariffed on-billing uses federal loans to pay for said expenses, and then the customer pays the tariff charge in their bill – which ends up being lower because of the energy-efficient upgrades.

Click here to read the original story.

Issue Areas:

Climate Change Adaptation and Mitigation, Environment, Poverty Reduction Measures

Impact Areas:

Environmental Sustainability, Sustainable Finance

Actors:

Businesses, Government

Communities Served:

Communities Experiencing Economic Hardship, Workers

Strategies:

Easing Economic Burdens for Individuals, Increase Education / Insights Sharing, Utilizing Sustainable or Renewable Resources

Success Factors:

Business With Social Goals, Empowering People, Expanding Access, Meeting People Where They Are At, Overcoming the Big Challenges

Geographic Region:

North America

Countries:

United States

Date:

February 26, 2019

More Resources:

Conversation with Chuck Spong

Chuck Spong is the Executive Director of Love Out Loud, a collaborative organization that connects leaders, volunteers, and resources to align efforts and mobilize communities in their areas of passion and giftedness. Since 2012, Chuck has focused on fostering partnerships...

Conversation with Anita Chandra

Anita Chandra (she/her) is vice president and director of RAND Social and Economic Well-Being and a senior policy researcher at RAND. The division that she leads covers a range of topics at the intersection of social and economic policy and...

It’s more than just cash’: Young Seoulites navigate future with city’s youth allowance program

From Lee Suh-yoon / The Korea Times: The Youth Allowance Program in Seoul gives lower to middle-class residents (aged 19 to 34) a monthly stipend of 500,000 won ($418) for up to six months to ease the financial burden of...

Conversation with Avriel Diaz

Avriel Diaz co-founded and serves as the president of Walking Palms Global Health, an organization focused on building community resilience amidst climate and environmental disasters. She has dedicated years to forming international transdisciplinary partnerships aimed at enhancing community resilience in...

Conversation with Cassandra Ferrera

Through the work of ethical land transitions, Cassandra works to transform conventional real estate practice in service to Land, cultural reunion, and reparative justice. Becoming a person of place is Cassandra’s orienting cosmology, and her activist real estate career is...

Conversation with Eli Moore

Eli Moore is Director of the Community Power and Policy Partnerships Program (formerly the California Community Partnerships Program) at the Othering & Belonging Institute. Over the last twenty years, Eli has facilitated numerous participatory action research processes and published various...