On-Bill Recovery: where to find $5b and 60K green jobs!
CWF is working to develop the details of On-Bill Recovery, the mechanism that will allow Green Jobs-Green NY to fund home- and building owners’ energy-saving retrofits with a small monthly charge on their utility bill. “On-billing” is pretty complicated from the back end. But to the consumer, it offers a simple, straightforward way to finance thousands of dollars’ worth of work — without taking on debt risk.
That means that many thousands more home- and building owners will be able to green up, save money, and drive both economic and environmental recovery. And investors will be able to lend to them through the state’s new…
February 17th, 2010