On—bill financing abroad
HomePlus Loan Program, USA
This program offers to finance energy-efficiency home improvements with a HomePlus to members of Coastal Electric Cooperative through the Go Energy Financial Credit Union.
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Sister project
Twin Peaks
TWIN-PEAKS is based on the development of a joint-research strategy between the partners, the pooling of their research infrastructure, the transfer of scientific knowledge and know-how on WtE research and innovation, the building of academic and non-academic networks, the outreach to end-users of WtE solutions, and a plan for joint-applications for research grants to fund further research projects involving the consortium. It is expected that this Twinning collaboration will increase the research excellence of LEI and VMU, build capacities to form the critical mass of researchers in WtE in Lithuania, develop the international networks of LEI and VMU, increase the production and exploitation of intellectual property, grow the opportunities for collaborations with the industry, and allow LEI and VMU to contribute to national and international efforts for increasing the use of renewable energy through the WtE association to be create by LEI and VMU at the end of TWIN-PEAKS.
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Sister project
StepUP
Deep renovation is key to drastically reduce energy demand and achieve the EU vision of a decarbonised building stock by 2050. The technology to achieve this reduction is available on the market today, but shallow retrofits persist. To transform the market and increase the rate of renovation across Europe, it needs to become an attractive, low-risk investment.
StepUP will develop a new process for deep renovation for decarbonisation, to minimise performance gap, reduce investment risk and maximise value.
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Case study
HomePlus Loan Program, USA
On-Bill Repayment program - partnered with Georgia EMC Federal Credit Union
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Case study
Southern California Edison
Over the last few years, the CPUC has led various efforts to authorize California investor owned utilities such as Southern California Edison (SCE) and PG&E to offer On-Bill Financing (OBF) to customers. Through OBF, customers can fund qualified energy efficiency projects for zero interest and no fees, reduce their monthly electricity usage, and receive financial incentives for installing qualifying energy-efficient equipment. The unsecured OBF loan is used to cover the cost of energy efficiency equipment and installation costs (net of rebates and other incentives). Customers repay the loan in monthly installments, which are added as a line item on their bill.
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Case study
Energy Right Heat Pump Program, USA
An example of on-bill schemes from Caney Fork Electric Co-Op Inc in the US.
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On—bill financing abroad
BETTER BUILDINGS FINANCING NAVIGATOR
The U.S. Department of Energy website on on-bill schemes, with case studies, resources and much more about this type of innovative financing
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On—bill financing abroad
EESI’s How-to Guide: Launching an On-Bill Financing Program
Downloadable Guide by the Environmental and Energy Study Institute on how to launch an OBS
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On—bill financing abroad
Blue Ridge Heat Pump Loan Program, USA
Blue Ridge Electric Cooperative offers qualified members a way to finance a new heat pump and have the payment included on their monthly bill.
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Sister project
RenoHUb H2020
The RenoHUb project aims to trigger an upscale of the quality and quantity of energy retrofits of the Hungarian homes with a one-stop shop system. The system will be introduced under the brand name "RenoPont", consisting of RenoPont Home Energy Renovation Centres (offices) and a complex, user-friendly RenoPont Online Platform (coming soon this year, in Hungarian). The services will cover the full spectrum of the energy modernization renovation process of family houses and condominiums from preliminary energy savings calculations, through financing options, template documents to the recommendation of qualified energy and technical experts and contractors.
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Sister project
CITIZEE
CitizEE is a European funded project aimed at supporting European public authorities to scale up investments for energy efficiency in the building sector through attracting citizen private investments. CitizEE seeks to create national or regional Investment Platforms backed by European Fund for Strategic Investments that will support the integration of tailored and widely adopted citizen financing schemes, crowdfunding and cooperative models, with adequate available or to be developed Public Financing Instruments (PFIs). As a result, CitizEE will enable the set-up of large-scale community energy efficiency programs while strengthening know-how of regional/national key stakeholders.
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Sister project
SPEEDIER
SPEEDIER is a highly innovative one-stop-shop solution that applies an integrated approach to energy management, providing information, advice, capacity building, energy auditing, financing, and implementation of energy efficiency solutions and monitoring of impacts.
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Sister project
CERtuS
CERtuS is a project involving Municipalities, energy service companies and financing entities from all economically stricken Southern European countries. It aims to facilitate EU Directives for increasing the number of nearly zero-energy buildings in the public sector. Many of the municipal buildings in Southern Europe require deep renovations to become nearly Zero Energy Buildings (nZEB) in the upcoming years. The objective of CERtuS is to stimulate the growth of this energy service sector and to help stakeholders gain confidence in such investments. CERtuS shall develop representative deep renovation projects and innovative financing schemes that will act as models for replication. Dissemination actions shall target municipalities, ESCOs and financing entities in all Southern European Member States.
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Sister project
FinEERGo-Dom
FinEERGo-Dom is an ambitious 4-year project that refines and implements guaranteed financing schemes for energy efficiency and renewable energy in deep renovations of buildings in Poland, Austria, Slovakia, Romania, and Bulgaria. The project builds on the experience of the Latvian Building Energy Efficiency Facility (LABEEF), the original Building Energy Efficiency (BEEF) Facility deployed successfully in Latvia. LABEEF is based on an existing example providing 20 year Guaranteed Performance contracts to owners through an On-Bill payment scheme.
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Sister project
SUPER-HEERO
The SUPER-HEERO project aims at providing a replicable financial scheme for energy efficiency investment in small and medium supermarkets, based on stakeholder and community engagement.
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Sister project
EEnvest
EEnvest is a H2020 collaborative research project focused on mainstreaming energy efficiency financing in the building renovation sector. The aim of EEnvest is the creation of a tool (a web-based search and match platform) which investors can use to evaluate the risk of investment in energy efficiency for buildings. The web-based search platform will match the demand and offer of buildings to be retrofitted with funding available from external financiers. The EEnvest platform will provide reliable information on the risk associated with energy renovation measures, combining proprietary risk evaluation models with the specific features of the property evaluated. The platform will use a blockchain-based data exchange validation system in order to guarantee the security and quality of the information. In this way, EEnvest will connect technical and financial communities, such as building owners, designers and potential transaction financers, as well as private investors.
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Sister project
X-tendo
X-tendo and its toolbox introduce ten features of the next generation of energy performance certificates, to provide public authorities with improved compliance, reliability, usability and convergence of next-generation energy performance assessment and certification.
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Sister project
AmBIENCe
The project aims at extending the concept of Energy Performance Contracting to Active Buildings and making it available and attractive to a wider range of buildings. AmBIENCe will provide new concepts and business models for performance guarantees of Active Buildings, combining savings from energy efficiency measures with additional savings and earnings resulting from the active control of assets leveraging for instance price based incentive contracts (Implicit Demand Response).
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Sister project
LAUNCH
Today, European markets for Sustainable Energy Assets (SEA) are splintered over many project and contract types, small portfolios and numerous investor methods to assess project risk. Consequently, deal closure takes an average 12-18 months per project, and project aggregation remains the foremost challenge to equitable financing solutions. Energy Performance Contracts (EPCs) and risk assessment protocols must become standardised for project investors in order to encourage market growth in a manner which will launch the market for SEA as tradable securities. The LAUNCH framework will enable large scale aggregation of sustainable energy assets for financiers and will support contractors in accelerating pipeline growth.
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Sister project
SENSEI
The SENSEI project will design, test and disseminate an innovative transaction model to enable energy efficiency upgrades to become valued through different paths. The SENSEI model will build on innovative pay-for-performance (P4P) schemes, according to which payments for energy efficiency are made only after the efficiency improvement and are based on proven and measured savings (using pre-agreed measurement and verification methods). To achieve this, the SENSEI project will identify when and where energy efficiency can help defer investments in the distribution system or safely offset the need for ramping and/or peak generation capacity, increase awareness on the P4P model and propose and design new contractual arrangements to govern the transactions between the involved parties so that energy efficiency can become an exploitable resource for the power grid.
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Sister project
EuroPACE
The EuroPACE project intends to make eco-sustainable home renovation simple, affordable and reliable for all Europeans by combining affordable financing with people-centric technical assistance. The first pilot program, HolaDomus, was launched in Olot, Spain to offer support and financing to realize eco-sustainable home renovations. Under the HolaDomus program, energy efficiency, renewable energy, water conservation, including green roofs, fuel cells, batteries and other innovative improvements can be funded. EuroPACE initiative is looking for leader cities from Spain, Portugal, The Netherlands, Belgium and Italy to further scale the model.
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