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:

Less is more: Lithuanian company’s experiment with shorter working hours

From Domantė Platūkytė / LRT: A company in Lithuania cut back the work day from eight to six hours and noted an increase in morale without any negative impact on productivity. Employees reported a better work-life balance, reducing their stress...

Conversation with Xavina Walbert & Karen Suarez

Karen Suarez is the Vice President of Collective Impact at the Making Hope Happen Foundation, where she supports Uplift San Bernardino through cross-sector collaboration and collective action. Passionate about diversity, equity, and inclusion, she leverages her experience to strengthen organizational...

Conversation with Katja Čič

Katja Čič currently works as the Programme Director at the International Youth Health Organization (YHO). Katja is also a part of the WHO Youth Council where she co-chairs the Working Group on Climate Change and Health, and is a part...

Conversation with Huberth Méndez

Huberth Méndez is a multifaceted Costa Rican professional with a rich background in architecture, education, and research, with extensive experience spanning public institutions, private sector engagements, and non-governmental organizations. Through his work, he has pioneered initiatives aimed at challenging entrenched...

Conversation with Hannah Rothschild

Hannah Rothschild is Lead of Knowledge Uptake and Communications at Bernard van Leer Foundation. Her background is a merged expertise in urban policy, multi-stakeholder collaboration, and strategic communication. Previous diverse roles, ranging from environmental start-ups to international organisations, have deepened...

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...