EESI was part of the 2018 Co-op IMPACT Conference hosted by the National Cooperative Business Association CLUSA International (NCBA CLUSA), an EESI partner.
The “Power Play: Using inclusive financing to bring energy efficiency and renewable energy to rural electric cooperative members” session was presented by EESI and featured rural electric co-op leaders from Arkansas and South Carolina discussing why and how they are using innovative programs like on-bill financing to bring energy efficiency and renewable energy to their members at all socio-economic levels.
By giving electric co-op members and other utility customers the ability to finance energy efficiency improvements made to their homes and businesses over time, on-bill financing is an affordable way to integrate technology that ultimately reduces energy costs, improves reliability and increases efficiency.
During this session, IMPACT participants learned about the on-bill model for energy upgrades and learned about funding from the U.S. Department of Agriculture available for such programs, as well as new technical assistance resources offered by EESI’s partnership with NCBA CLUSA (see below). This session also discussed how these programs can advance durable economic development in rural America.
In 2017, EESI teamed up with NCBA CLUSA to establish the Partnership for Advancing an Inclusive Rural Energy Economy (PAIREE). The goal of the Partnership is to help rural electric cooperatives develop on-bill financing programs for energy upgrades. As member-owned nonprofits, cooperatives of all types (electric, food, housing, etc.) help communities have a greater say in their futures and more equitable access to opportunities.