Publications & Resources

6 Energy Efficiency Financing Options You Should Know

Energy efficiency improvements can be expensive and burdensome for residential homeowners, renters and building owners. Luckily, there are an increasing number of financial options to help cover the up-front costs of efficiency upgrades. Below, we lay out several financing options to make our homes and workplaces more energy efficient.  

1. On-Bill Financing

On-bill financing is an umbrella term for a financing program where a charge is added to a customer’s energy bill to repay a loan from a utility for energy efficiency upgrades. The utility acts as the lender and incurs the upfront costs of the improvements.

How It Works

Cost-Effectiveness Testing Needs a Refresh. The "Minnesota Test" Could be Just the Thing.

Cost-effectiveness testing is an important part of energy efficiency planning, reporting and evaluation. Utilities use cost-effectiveness tests to demonstrate that their investments in energy efficiency are in the best interests of the utility, their customers and society in general. The traditional tests come from a California Public Utility Commission manual that was developed in the early 1980s and last updated in 2001.

MEEA's Guide to Utility Consumer Advocates in the Midwest

The average Midwesterner pays 65% more for electricity than they did at the turn of the millennium. Saving energy is a key way to help lower customer bills even with rising rates. Utility Consumer Advocates (UCAs) represent residential customers before regulators and legislatures, and they use their expertise to help ensure ratepayer dollars are spent prudently and cost-effectively.

The Birth and Evolution of a Successful EE Program

In September, the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy completed a case study profiling MEEA’s HVAC Savings Adjustment and Verified Efficiency (HVAC SAVE) program, which tells the story of how MEEA partnered with utilities in Iowa to launch a HVAC quality installation and quality maintenance program that has resulted in over 100,000 jobs and substantial energy savings.

New Research: Industrial Opt-Outs Undermine Energy Savings

With increased constraints on our nation’s electric grid energy experts turn to large energy users to reduce energy waste and ensure long-term electric reliability. While the Midwest could benefit significantly from industrial energy efficiency, opt-out policies threaten to undercut that savings potential.

MEEA’s Guide to Stakeholder Collaboration

As a membership organization that includes utilities, businesses, advocates and government agencies, MEEA knows the power of collaboration. Time and again, we’ve seen first-hand that when diverse groups sit down at the table together, we’re able to harness our collective expertise and experience to find solutions that work for everyone.

And we’re not the only ones who think collaboration is a powerful tool. Several states in the Midwest currently convene collaborative groups to promote energy efficiency.

How Do We Increase Multifamily Energy Efficiency? With Good Data

If you are like me (or 14.8% of Midwesterners), you live in multifamily housing. And if you’ve ever been a multifamily tenant, then you know it can be harder to get improvements and renovations done than if you live in a single-family home. Dealing with landlords, management companies and condo associations can slow down decision-making, and it’s often unclear what you, as a resident, can or can't do to modify your home.

NextGrid: The Utility of the Future Starts Now

On March 22, 2017, the Illinois Commerce Commission passed a resolution initiating the NextGrid Utility of the Future Study. NextGrid will be an 18-month collaborative process to explore the ways in which alternative utility regulatory models, advances in technology, and consumer preferences and engagement can shape the grid of the future. This initiative will build upon the 2011 Energy Infrastructure Modernization Act, the Illinois Statewide Smart Grid Collaborative and the recent Future Energy Jobs Act.