Energy finance program report released

A report by ACEEE indicates that there is a growing interest by the government and various financial institutions in investing in the energy finance sector.

08/22/2011


A report by ACEEE revealed that energy finance programs have increased in terms of quantity and diversity in the last several years. There is also a growing interest from financial institutions in giving out money for local initiatives for these various projects.

Thanks to significant increases in funding for finance programs through the American Recovery and Reinvestment Act (ARRA), the Regional Greenhouse Gas Initiative program (RGGI; Northeast U.S.), there are a number of initiatives for residential and commercial buildings.

While cash flow from commercial banks has not increased—they prefer to work through contracts from large energy firms like Siemens and Honeywell—Credit Unions and Community Development Financial Insitutions (CDFIs) have shown an increased interest. Credit Unions don’t have the kind of collateral a bank does and CDFI loan funds tend to focus on one particular segment of the housing/building market, limiting their reach.

State governments, however, have been shown to be major supporters of the energy initiatives and have used the money from the federal government by using low-income housing projects as a way to build their energy efficiency projects. State housing agencies, as a result, are the largest source of capital for the energy finance programs because of where the money is being allocated. The trickle-down effect ends up reaching local towns and counties who are looking to use the money for low-income housing and other projects for their citizens. Other sources of income for energy finance programs come from philanthropists, institutional money managers, and private equity/venture capital. In the end, though, most of the money will be coming from the federal government.

The report concludes that there is plenty of money out there and plenty of people—an estimated 100 million—who could use the money to cut down on their utility bills with homes that are more energy efficient and environmentally friendly.



Product of the Year
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
40 Under Forty: Get Recognized
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
MEP Giants Program
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
September 2018
Power boiler control, Product of the Year, power generation,and integration and interoperability
August 2018
MEP Giants, lighting designs, circuit protection, ventilation systems, and more
July 2018
Integrating electrical and HVAC systems, emerging trends in fire, life safety, ASHRAE 90.4
Data Centers: Impacts of Climate and Cooling Technology
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
Safety First: Arc Flash 101
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
Critical Power: Hospital Electrical Systems
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
Data Center Design
Data centers, data closets, edge and cloud computing, co-location facilities, and similar topics are among the fastest-changing in the industry.
click me