Fundamentals of financing energy conservation projects
- Falkowitz Group, Montville, NJ (United States)
Approximately three years ago, the utilities started preparing for deregulation. Energy savings concerns and rebate programs were suspended by the fear of retail wheeling. Utilities were becoming more interested in increasing load and their customer base because, under deregulation, competitors would be stealing their customer base with cheaper prices and incentive packages. Thus, the commitment of utilities shifted from supplying power under their obligation to serve the customer, and to obtain a reasonable return for the stockholder to increasing their market share. As a consequence of the evaporation of utility incentive payments, financing has taken on a larger role in developing viable projects. The developer has to present projects to his customers as they stand on economic benefits, and without the help of rebate incentives. Financing energy conservation deals is the province of a small community of financiers who have expertise to present and explain deals to lenders. Other available funding sources are: banks; insurance companies; utility subsidiaries; energy funds and green funds; private investors; and leasing companies.
- Sponsoring Organization:
- USDOE
- OSTI ID:
- 577275
- Journal Information:
- Strategic Planning for Energy and the Environment, Vol. 17, Issue 3; Other Information: PBD: Win 1998
- Country of Publication:
- United States
- Language:
- English
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