Topic: Energy Efficiency

Energy Efficiency Articles

Solar and Energy Efficiency Securitization Emerge

Organizations are beginning to securitize solar and energy efficiency loans to allow greater levels of investment. Securitization involves pooling loans to create consolidated securities that investors can purchase. Recently, SolarCity securitized $54.4 million in loans for solar photovoltaic installations. Also, the Green Jobs – Green New York program has achieved a high bond rating for securitized energy efficiency loans.

California Decision May Catalyze Energy Efficiency Financing

A new market-shaping decision took place at the California Public Utilities Commission (CPUC) on Sept. 19. To increase the state's reliance on private capital for energy efficiency financing, the CPUC allocated $65.9 million for a suite of financing pilot programs for the state’s investor-owned utilities. California’s multipronged approach could lead to original solutions that other states might adopt.

Texas Legislature Passes Commercial and Industrial PACE Bill

The Texas House and Senate passed Senate Bill 385 this week. If Governor Rick Perry approves the bill, the state will break new ground by developing plans for commercial and industrial property assessed clean energy (PACE) programs. This bill will redesign Texas’s approach to PACE, focusing on the commercial and industrial sectors rather than on residential programs. The legislation covers both energy efficiency and water efficiency.

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.