NEWS
New Program for Home Energy Upgrades Launched
A new state program will allow homeowners to make their homes more energy efficient and pay off the cost on their utility bills.
The "on-bill recovery" program, rolled out recently in Binghamton, will allow single-family homeowners, apartment complexes with one to four units, businesses and nonprofits to make energy improvements and repay the cost as part of their monthly utility bill.
"The state has passed one of the most forward-thinking policies in the nation, and the Southern Tier is ready to be a leader on energy efficiency," said Binghamton Mayor Matthew T. Ryan, who was joined by city officials, contractors and "green" community groups in making the announcement.
Contractors, certified by the Building Performance Institute, will perform the work and be paid directly from a state-managed loan fund. Those receiving the upgrades would then repay the amount -- up to $13,000 -- over 10 years on their utility bills.
A provision of the program states the annual amount billed cannot exceed the annual amount the homeowner saves in energy costs. In addition, homeowners using the on-bill program will retain all utility consumer protections, including protections against utility shut-off and credit damage.
The program, passed in 2011, is part of the state's new Green Jobs-Green NY program, administered by the New York State Energy Research and Development Authority. NYSERDA is using more than $100 million in Regional Greenhouse Gas Initiative to leverage up to $5 billion in private capital to fund the program.
Based on a policy blueprint that the Center for Working Families developed in 2008, about 1 million New York homes and businesses are expected to become more energy efficient under the program, and about 60,000 jobs will be created over five years, the center estimates.
-- Ithaca Journal,1/30/12