Friday, August 11, 2017

Pay-as-you-save: Arkansas cooperative harnesses innovative financing to fund efficiency | Utility Dive

Pay-as-you-save: Arkansas cooperative harnesses innovative financing to fund efficiency | Utility Dive: "Ouachita has embraced an energy efficiency financing method known as Pay As You Save (PAYS), which uses an innovative method to fund retrofits. Rather than loan the money to pay for an improvement, and saddle the customer with debt, the PAYS method uses an on-bill tariff that is tied to the the home's meter. There are some specific metrics that must be present, including payoff length and whether a member co-pay is needed, but the end result is instant on-bill savings for the customer and decreased load for the cooperative.

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