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:

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 Demond Drummer

Demond Drummer is the Director of Strategy at the Institute on Race, Power and Political Economy at the New School. A leading proponent of a Green New Deal, Demond has introduced bold new ideas and shifted public discourse, advocating for...

Conversation with Delana Finlayson

Delana Finlayson leads Urban Think Tank Empower, a South African non-profit dedicated to socio-economic transformation through multidisciplinary projects. Notably, the Empower Khayelitsha project pioneers housing innovation approaches by integrating affordability, sustainability, and community engagement. Delana Finlayson spoke with Ashley Hopkinson...

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...

4-day workweek pilot in South Africa – the results are in, with some surprises

From Business Tech: 28 South African businesses and one Botswanan business participated in a 4-day week pilot in 2023. The results showed huge benefits for both employees and employers. Read the original story here. Find more wellbeing employee initiatives.

...

The Surprising Lives of Germany’s ‘Basic Income’ Raffle Winners

From Marjolein Koster, Ties Gijzel / Reasons to Be Cheerful: A randomly selected group of lucky Germans are reaping the benefits of a guaranteed monthly income. An organization raffles off a year’s worth of guaranteed monthly income, allowing recipients to...