Financing Mechanisms
Look below for a list of things you can do to help create financing mechanisms for energy retrofits! You will also find strategies to overcome common barriers listed below. Educational materials and resources to help you in creating financing mechanisms are located in the column on the right.
What Can You Do?
- Distribute the Deck of Cards to your colleagues and other leaders. Share information about the financial programs you took advantage of during your retrofit experience.
- Implement a Property Assessed Clean Energy (PACE) financing program in your municipality. PACE financing is a type of tax-lien financing which ties repayments of energy upgrades to a home's tax assessment and greatly reduces (in some cases eliminates) upfront costs.
- Advocate for PACE financing by speaking with elected officials and writing letters of support for current legislation. There are currently PACE initiatives in need of support in the state Senate and on the local level.
- Identify opportunities to leverage investments in home energy-efficiency retrofitting programs and search for potential funding partners.
- Pilot a municipal financing program for energy improvements. For example, the Town of Dryden in Tompkins County provides grants to residents for energy upgrades, filling a gap in existing state and federal programs.
- Come up with your own idea, and share it with us at tecc.energy@gmail.com.
Obstacles? |
|
Potential Barriers: |
Successful Strategies: |
|
|
