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Knowledge Center: Industry Focus: Energy Efficiency Programs
When the New York State Energy Research and Development Authority (NYSERDA) established The Green Job – Green New York renewable and energy efficiency lending program in 2010, Concord Servicing was right there to help pioneer loan servicing for both Smart Energy loans and, later, On-Bill Recovery programs.
As affordable energy efficiency loans scale up among low-to-moderate-income borrowers—due in large part to leveraging public funds with private investment—efficient and knowledgeable third-party loan origination and servicing become even more critical to success.
Green Banks at both the state and national levels will be instrumental in securing and leveraging large-scale funding of energy efficient programs nationwide. With Green Banks will come many new jobs, opportunities for consumer-friendly financing and lower utility bills at all economic levels, and a rapid increase in renewable energy use.
Energy efficiency and cost-effectiveness are now going hand in hand. One-hundred percent financing can be obtained to upgrade existing resorts and homeowner associations, as well as include many new energy-saving technologies into new-builds.
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