On-Bill Repayment Programs

The Energy Efficiency Conservation Block Grant (EECBG) Solution Center offers the following introduction to On-Bill Repayment Programs:

The utility or some other entity (such as a third party financial institution) incurs the cost of the upgrade and the customer repays the investment through a charge on their monthly utility bill. This eliminates the upfront cost to the consumer for clean energy improvements by financing all costs not covered through rebates. These programs stretch out the financing costs over a sufficiently long period to make the repayments less than the savings. On-bill repayment allows for a streamlined process as utilities already have a billing relationship with their customers, as well as access to information about their energy usage patterns and payment history.

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