Programs

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

Millions of Americans Struggle to Meet their Energy Needs – Efficiency Can Help

Nationwide, over 16 million households struggle to meet their heating, cooling and other energy needs, but energy efficiency is increasingly recognized as a potential solution to this problem. In 2018, Illinois, Michigan and Missouri began holding income qualified energy efficiency stakeholder collaboratives to strengthen program design and delivery for these communities. Throughout the Midwest, decision makers across the political spectrum recognize the value of low-income energy efficiency in helping families afford their basic energy needs.

EE First: The Right Way to Get to Net Zero Energy

This year's Midwest Energy Solutions Conference (MES) incorporated interactive workshops into its agenda for the first time ever, and one of the three workshops focused on Net Zero Energy (NZE) in the Midwest. MEEA staff wanted attendees to consider what Net Zero Energy means for energy efficiency (EE) in the Midwest specifically. (For the purposes of the workshop, “NZE” was referring to any building, development or community that does not use more energy than it produces. See DOE’s NZE definitions).

IHP Wins ENERGYSTAR Partner of the Year

Author’s note: this article is best enjoyed with musical accompaniment.

March Madness is over, and Villanova isn’t the only one taking home a trophy. We’re proud to announce that Illinois Home Performance won the 2018 ENERGYSTAR® Partner of the Year Award! With the help of an all-star starting lineup, IHP delivered a victory for homeowners and energy efficiency.

Highlight Reel

IHP previously won back-to-back Partner of the Year Awards in 2014 and 2015, followed up with an ENERGYSTAR Excellence in Promotion Award in 2017. How’s that for a dynasty?

BOC Spotlight: Indoor Air Quality Expert Sharon Bessa

As the effort to improve building efficiency continues, the effects these changes have on indoor air quality can easily be forgotten. Tighter buildings mean less energy wasted on space heating but can also result in decreased fresh airflow throughout the building, a necessary component to keeping the indoor environment safe.

Research has shown that energy efficiency can improve community health, but what issues should building occupants be aware of when it comes to their homes and workplaces?

New Series: Energy Efficiency Tipping Points

To most outsiders, the world of energy efficiency probably appears static with slow, incremental changes. A furnace rebate here, light bulb swap-out there, maybe an updated building energy code every few years. But it should come as no surprise to industry insiders that this isn’t the case at all. An explosion of new technology across every part of our economy is rapidly changing our energy savings goals and the ways we identify and capture those savings.

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.

Supporting the Energy Efficiency Workforce

October 16-20 is “Careers in Energy Week” for the state of Illinois. Governor Rauner has recognized that a strong and diverse energy workforce is critical to support the large demand for safe, reliable and affordable energy to support Illinois families, communities and businesses. Energy efficiency is a key component to ensure affordability and reliability for years to come.