The Better Buildings Neighborhood Program is partnering with organizations nationwide to design and implement innovative financing programs that offer consumers low-cost, long-term loans―with the goal of making energy efficiency upgrades more affordable to consumers than ever before.
The U.S. Department of Energy's (DOE's) primary objective is to help communities develop self-sustainable private financing markets for energy upgrades. Financing programs may start out with government assistance but can evolve over time to become an important financial resource for the community.
To create financing options and products for energy efficiency upgrades, Better Buildings partners follow 10 key steps.
Step #1: Assess the Market
Step #2: Define Finance Program Objectives
Step #3: Identify and Engage Financial Partners
Step #4: Design the Financing Program
Step #4a: Choose Your Program Structure—Credit Enhancements
Step #4b: Choose Your Program Structure—Revolving Loan Funds
Step #5: Draft and Evaluate RFPs
Step #6: Implement Finance Program Initiatives
Step #7: Determine Loan Marketing Channels
Step #8: Evaluate Program Performance
Step #9: Revise Programs and Strategies
Step #10: Capture Lessons Learned
Each of these sections provides tools, resources, and real-life examples that can help you, as a program administrator, design and implement your program.
KEY RESOURCES
Clean Energy Finance Guide for Residential and Commercial Building provides a collection of knowledge on the development of energy efficiency financing programs.
DOE Solution Center: Financing for Energy Efficiency and Renewable Energy provides a variety of information about setting up financing programs.
EPA's "Clean Energy Financing Programs: A Decision Resource for States and Communities" and Financing Program Decision Tool were designed for state and local governments interested in developing a financing program to support energy efficiency and clean energy improvements.