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Community Investment Corporation "On Bill" Energy Financing Fact Sheet

In cooperation with the utility companies (ComEd, NICOR, North Shore Gas, Peoples Gas), CIC-Energy Savers will soon offer loans for energy retrofits of multifamily (5 to 50 units) properties which can be repaid as an additional item on a utility bill.
Finance Illinois On-Bill Utility Payment Retrofit Utility Incentives & Programs

Removing First-Cost Hurdles for Energy Efficiency

This paper provides policy makers, regulators and private sector firms engaged in the design and implementation of efficiency programs with a series of innovative financing options that can be used to achieve comprehensive energy savings across a broad spectrum of residential, commercial and industrial market segments.
Energy Performance Contract On-Bill Utility Payment PACE PPAs Utility Incentives & Programs

On-Bill Financing for Energy Efficiency Improvements

Energy efficiency retrofits in our homes and buildings can achieve large monetary and energy savings across the buildings sector, but face numerous barriers. High upfront costs continue to be one of the significant barriers to tapping into this savings potential. Addressing the financial barrier to investments in energy efficiency has been a complex hurdle, which is evident from the number of innovative energy efficiency financing program designs that have emerged over the past several decades. To achieve higher savings from energy efficiency programs for buildings, it is imperative to assist property owners with financing the upfront costs of efficiency improvements. On-bill financing (OBF) can support this goal by leveraging an electric or natural gas utility’s unique relationship with their energy customers to provide convenient access to funding for energy efficiency investments. This access to financing can then enable customer participation in other energy efficiency programs. Credit losses on both consumer and commercial utility bills tend to be far lower than for other obligations. OBF allows utility customers to invest in energy efficiency improvements and repay the funds through additional charges on their utility bills. If structured properly, an OBF program can substantially reduce the cost of and improve access to financing. In many cases, the product can be “bill-neutral,” meaning that energy savings are sufficient to cover the monthly payments for the financing so that the total monthly charge on utility bills is less than or equal to the pre-investment amount. On-bill programs have been piloted as early as 1993 (New London Resource Project, Wisconsin), but have recently seen a surge in popularity. Currently, utilities in at least 23 states have implemented or are about to implement OBF programs, many of which (Illinois, Hawaii, Oregon, California, Kentucky, Georgia, South Carolina, Michigan, and New York) have legislation in place that supports adoption. Additionally, a number of state utility regulators have taken action to explore the feasibility of on-bill programs.
On-Bill Utility Payment

Clean Energy Finance 101

As innovative energy products and services come to market, so do new mechanisms to fund them. And existing funding options become more popular. This has resulted in a boom of finance jargon, especially regarding energy efficiency and renewable generation. Though many of the finance terms used in clean energy finance are similar to those used in traditional finance, it’s easy to get lost. We hope this glossary will help those in clean energy navigate the new and growing world of clean energy finance.
ESCO On-Bill Utility Payment PACE Renewable Energy

Covering The Gap: Utility Allowances and Innovative Strategies to Pursue Energy Efficiency Retrofits

Topics include:
-What is a utility allowance and why they important?
-Methods for UA calculation
-Complexities and barriers to increased rents
-Workaround and potential solutions
-On bill repayment
On-Bill Utility Payment Utility Allowance