As we celebrate our nation’s Independence Day, we would like to take the opportunity to highlight another successful independence tale: The story of South Carolinians regaining control of their energy spending!
In a timely report released on Tuesday, South Carolina’s consumer-owned electric cooperatives (co-ops) announced the results of their “Help My House” Loan Pilot Program. Participating households were given the opportunity to install energy efficiency measures in their homes using co-op provided loans, and repay the loan on their electricity bill. By offering this new on-bill financing plan, the cooperatives have given their members the freedom to choose how to spend the savings that result from a more efficient household!
Below is the original press release from the Environmental and Energy Study Institute, found here.
South Carolina’s consumer-owned electric cooperatives (co-ops) have released the results of their “Help My House” Loan Pilot Program. The pilot provided loans to co-op member-owners to make energy efficiency improvements to their homes. The loans are being repaid to the co-ops through participants’ utility bills, in a process known as “on-bill financing.” Billing data on the 125 participating South Carolina homes indicates a 34 percent reduction in energy use (1.35 million kWh) in the year after the work was completed, an average savings of $288 per home after loan payments.
Duke Energy's new proposed programs simply shift clean energy from one customer group to another. SACE considers this to be fundamentally inequitable and inconsistent with the statutory language of HB 951.
Our fourth annual "Transportation Electrification in the Southeast" report unpacks market trends and policy levers underpinning growth in electric car, truck and bus adoption, including skyrocketing investments in manufacturing and job growth.