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Mountain Association for Community Economic Development - HowSmartKY On-Bill Financing Energy Efficiency Program

Last Review: 2013-01-30
Incentive Type: Utility Loan Program
Eligible Efficiency Technologies: Clothes Washers/Dryers, Dishwasher, Refrigerators, Dehumidifiers, Ceiling Fan, Water Heaters, Lighting, Chillers, Furnaces, Boilers, Heat pumps, Central Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Siding, Roofs, Custom/Others pending approval, Yes; specific technologies not identified
Applicable Sectors: Commercial
Terms: Repayment can be made via electric bills; costs are partially secured by savings on electricity bills
Incentive Amount: Custom
Website: http://maced.org/howsmart-overview.htm

Summary:

Four rural utility cooperatives in Eastern Kentucky (Big Sandy RECC, Fleming-Mason RECC, Grayson RECC, and Jackson Energy) work with MACED to provide energy retrofits as part of utility service under the KY Energy Retrofit Rider. The program, How$martKY, addresses a barrier that households and small businesses face when making an up-front investment in energy efficiency improvements such as insulation, air-sealing and HVAC upgrades.

After completing an energy assessment of the property and estimating the potential savings, the utility will oversee contractor installation of energy efficiency upgrades and provide assurance that the improvements have been correctly installed.

After installation, How$martKY will allow customers to make installment payments as part of their monthly utility bills, gradually paying for the efficiency upgrades by using part of the energy savings generated by the retrofit. Customers are expected to see savings on utility bills. Charges remain with the property and not the customer, to accommodate all classes of utility customers.


Contact:
Jeff Fugate
Mountain Association for Community Economic Development (MACED)
433 Chestnut Street

Berea, KY 40403
Phone:(859) 986-2373 Ext.
Phone 2:()
Email: jfugate@maced.org
Web site: http://maced.org/index.htm

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