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 Alexandra Quinn & Sue McCarron

Alexandra Quinn, CEO of Health Leads, has extensive experience in the non-profit and governmental sectors, focusing on equity, justice, education, and health. Her leadership builds on years of collaboration with healthcare systems, public health, and community partners nationwide. Health Leads...

Conversation with Ledama Masidza

Ledama Masidza is an emerging young Kenyan leader in marine conservation and community empowerment, fueled by an unwavering love for the ocean. Advocating for sustainability, Ledama drives transformative initiatives that champion community-led conservation and sustainable policies. Ledama Masidza spoke with...

Conversation with Yara Tarabulsi

Yara Tarabulsi is a social anthropologist with experience in topics of gender justice, care, economic justice, migration and public policy. She has a Master’s degree from the University of Oxford and a Bachelor’s from the American University of Beirut. She...

Conversation with Rodrigo Pacheco

Rodrigo Pacheco is an Ecuadorian chef who attracted the attention of the world through his culinary art and his innovative project “The largest Biodiverse Edible Forest in the world” that he develops as Executive Director of the Bocavaldivia Foundation, to...

Conversation with Thomas Legrand

Thomas Legrand is the Lead Technical Advisor for the UNDP-convened Conscious Food Systems Alliance (CoFSA). He holds a Ph.D. in Economics and has 20 years of experience in sustainable land use, climate change, sustainable finance, leadership, and developing inner capacities...

Conversation with Gary Belkin

Gary Belkin is the Director of the Billion Minds Project. Formerly Deputy Health Commissioner for New York City, he founded the Billion Minds Institute to bring policy and practical attention and change for taking on the “social climate” crisis of...