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 Mariana Madureira

Mariana is the co-founder of Raízes Sustainable Development. She has a wide experience in management of collaborative projects, sustainable tourism, and dialogue with traditional communities. She enjoys formulating strategies in order to bring collective dreams into reality and has always...

Conversation with Vitor Del Rey

Vitor Del Ray is the Principal of Instituto GUETTO, an organization he founded to combat structural and institutional racism by empowering Black, Brown, and Indigenous individuals for the workforce and promoting social mobility. Through initiatives like Mapa Preto da Educação...

Portland group works to make wealth redistribution a reality through real estate

From Tiffany Camhi / OPB: Volunteers of the PDX Housing Solidarity Project are working to redistribute generational wealth through homeownership in Portland. The project connects people with ample resources to Black and Indigenous homebuyers and helps facilitate cash gifts, no-interest...

Mongolian nomads create shared funds and financial security

From Sarah Trent, Khaliun Bayartsogt / Devex: Herders in Mongolia have resorted to cooperative shared funds to keep their pastures afloat, a sign of a slow tilt towards greater collaboration and trust in the area. The shared funds act as...

Conversation with Gopal Patel

Gopal Patel is the co-founder and director of Bhumi Global, a non-profit mobilizing Hindu communities worldwide for environmental action. Over the last decade, he has advised global interfaith and environmental initiatives, working to include faith voices in local and international...

Conversation with Alexandra Goossens-Ishii

Alexandra Goossens-Ishii works as Programme Coordinator for environment, climate change & biodiversity for Soka Gakkai International (SGI), a community-based Buddhist organization that promotes peace, culture and education. Her work focuses on the UN processes related to the environment, climate change...