Topic: Energy Efficiency

Energy Efficiency Articles

Bank of America’s Energy Efficiency Finance Program Rewards Innovators

The Bank of America Energy Efficiency Finance Program has provided low-interest loans and grants to community development financial institutions (CDFIs) to increase access to energy efficiency retrofits in low- to moderate-income communities. The program was launched in 2011. Bank of America is issuing loans to the CDFIs at an interest rate of 1 percent over 10 years with a total loan amount of $50 million. The program is also providing $5 million in special grants for a total investment of $55 million. The grants will help support the CDFIs' green capacity building, free energy audits, staffing, training, reserves and marketing....

On-Bill Repayment Shows Great Promise, But Significant Challenges Remain

On-bill repayment has received a great deal of attention during the last few years as a potential approach to expanding the reach of energy efficiency financing in the residential and commercial sectors. With on-bill repayment, utilities or third-party lenders cover the upfront cost of energy efficiency retrofits and customers pay back the loans through their utility bills.