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Strengthening Cooperatives
United States: Partnership for Advancing an Inclusive Rural Energy Economy
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Project Profile
This program helps rural electric co-ops develop on-bill financing programs that finance energy efficiency upgrades and community projects in solar and clean energy storage at no upfront cost to their customers.
By giving electric co-op members and other utility customers the ability to finance energy efficiency improvements made to their homes and businesses over time, on-bill financing is an affordable way to integrate technology that ultimately reduces energy costs, improves reliability and increases efficiency.
This program helps rural electric co-ops develop on-bill financing programs that finance energy efficiency upgrades and community projects in solar and clean energy storage at no upfront cost to their customers.
By giving electric co-op members and other utility customers the ability to finance energy efficiency improvements made to their homes and businesses over time, on-bill financing is an affordable way to integrate technology that ultimately reduces energy costs, improves reliability and increases efficiency.
Impact Story:
Aiken Electric Co-op member Barbara Rasar’s new high-efficiency HVAC unit is saving her money and energy. Photo: Aiken Electric Co-op
The 82 million single-family homes in the United States waste $49 billion per year on thei utility bills. That is nearly $600 per household. Many billions more are lost to energy waste from multifamily homes and other buildings, making them a major potential source of energy costs savings. Utilities programs to unlock this potential have mostly focused on offering rebates for energy-efficient products. These programs have spurred important investments, but only among those with the capital to cover the upfront costs of the upgrades.
