By Andrea Goodel
January 12, 2016
After years of preparation, Holland homeowners and landlords who want to make energy improvements to their homes could soon be able to pay for those improvements gradually on their monthly energy bills.
The city’s 40-year Community Energy Plan calls for deep energy efficiency retrofits of up to half of the 7,400 single-family homes in the city. However, those types of energy fixes, especially bigger ticket items that can produce the greatest energy savings, don’t always come cheap. The on-bill financing program would allow a residential BPW customer in the city limits to take out a loan for $5,000 to $30,000 to pay for improvements.
City and BPW staff lobbied Lansing to create Public Act 408 to allow for the financing mechanism and have worked for the past year to create the nonprofit.
This is new territory for the city of Holland.
“We’re going to learn as we go,” City Manager Ryan Cotton said.
For those for whom a $5,000 loan would be daunting, the city offers other resources through the Community and Neighborhood Services department, Cotton said.
“This isn’t a program for everybody, but it is a program we believe will incentive just about anybody (to make energy improvements in their home),” Cotton said.