Midwest Energy News
Nearly one year since its inception, an on-bill financing program in a west Michigan city appears to be enabling the deep energy retrofits envisioned at the outset.
The city of Holland’s public utility started its On-Bill Loan Program in the hopes that it would improve the city’s inefficient housing stock, said Anne Saliers, community energy services manager with the Holland Board of Public Works.
“The average project size is $14,255 with an average of 8.6 measures installed,” she said. “In other words, on-bill financing is helping people to do deeper energy efficiency upgrades than contractors experienced prior.”
Efficiency upgrades financed by the state’s Michigan Saves program tend to average around $10,000, according to the program’s executive director, Mary Templeton.
Read the rest of the story.