What types of activities can yield sustained benefits beyond the grant period and contribute effectively to energy market transformation?
While many activities can yield sustained benefits beyond the grant period and contribute to energy market transformation, some of the most effective include programs that employ innovative financial incentive mechanisms such as Energy Savings Performance Contracts (ESPCs); partnering with utilities to offer on-bill financing of efficiency measures to customers; revolving loan or other loan programs that offer no or low interest rates; power purchase agreements (PPA); and financing energy efficiency improvements through property tax bills or mortgages, particularly where amortization schedules are lengthened beyond a single owners’ time frame. Programs that impact a large percentage of a population can also be effective in market transformation including time-of-sale energy audits and establishment of forward capacity markets that allow efficiency aggregators to bid in among others.
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