No Money Down: Financing a Clean Energy Retrofit through Your Utility Bill
Tuesday, October 8
3:15PM - 4:15PM
Austin Convention Center MR 8C
Environmental Defense Fund - Energy & Financial Policy Specialist
Sempra Utilities - Mgr of Energy Efficiency Partnerships
SCIenergy - CEO
On-Bill Repayment (OBR) is an innovative financing solution that spurs economic development, creates jobs and saves property owners money by avoiding the high upfront cost of energy improvements. Though the benefits of this program go far beyond saving money on utility bills. Commercial buildings and residences account for ~ 40% of the nation’s energy use, and much of that energy comes from fossil fuels like gas and coal. At scale, EDF estimates that OBR could help to avoid 200 million metric tons per year of global warming potential over the course of a decade, or about 50,000 cars off the road.
OBR provides a new route to funding energy efficiency and renewable energy investments at attractive terms, relying solely on private 3rd-party financing. With OBR, the loans are simply repaid through customers’ utility bills and financed at no cost to ratepayers. OBR is a bipartisan, triple-bottom line solution that benefits our economy, environment and public health.
- Event Type:
- Energy Efficiency Finance AIA Continuing Education
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