Hawaii’s On-Bill Financing Program Unlocks Energy Upgrades for the Masses

By [email protected] Hawaii may have a solution for the energy efficiency industry’s perennial landlord-tenant split incentive dilemma.

The problem: Landlords won’t reach into their own pockets for energy-saving improvements if their tenants are paying the utility bills; for their part, tenants aren’t likely to invest in energy-efficient equipment they could be leaving to another renter in a few years.

The Green Money $aver (GEM$) on-bill financing program, which officially launched in Hawaii in April, creatively solves the split incentive problem by tying the repayment obligation for energy efficiency upgrades to the utility meter rather than an individual.

Under the program, participating homeowners, renters, small businesses

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