Environmentalists nationwide are teaming with electric utility companies to implement an innovative program to foster energy efficiency upgrades in homes and businesses. The essence of the initiative is an innovative financing mechanism in which a utility uses its borrowing power to finance the upgrades, at no upfront cost to its customers. The result is a win-win situation, in which customers lower their electricity consumption and ultimately their bills, and the utility lowers its costs for the power acquisition.
(NOTE: The new program is not to be confused with the CEMC existing loan program for energy upgrades, as outlined on the CEMC web page.)
Georgia environmental groups are working to implement the new program in Georgia. Cobb EMC Forum, a volunteer watchdog group formed by CEMC members, reports that the CEMC Board of Directors is considering offering such an “Inclusive Financing” alternative to members. For further information contact Patrick Thompson, Advocate for Electric Co-op Members, 770-329-2746.
Here is a report on one of the pioneering programs in this endeavor being conducted by the Roanoke Electric Cooperative in rural North Carolina:
Report provided by ensia – ensia is a solutions-focused nonprofit media outlet reporting on our changing planet