{"id":5203,"date":"2013-10-10T19:29:22","date_gmt":"2013-10-10T19:29:22","guid":{"rendered":"http:\/\/blogs.edf.org\/energyexchange\/?p=5203"},"modified":"2013-10-10T19:29:45","modified_gmt":"2013-10-10T19:29:45","slug":"unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/","title":{"rendered":"Unique Partnership Creates New Energy Efficiency Loan Model For Rural Homeowners In North Carolina"},"content":{"rendered":"

\"\"<\/a>Duke Energy<\/a> is the largest utility in the United States, so of course it gets a lot of attention in its home state of North Carolina.\u00a0 Yet millions of residents in rural parts of the state rely on electric cooperatives, not Duke Energy, to keep the lights on.\u00a0 In fact, rural cooperatives serve all or part of the customers in 93 of 100 counties in North Carolina.<\/p>\n

This is important because rural areas have just as much, if not more, need to increase energy efficiency.\u00a0 Case in point: a seven-county area in eastern North Carolina served by Roanoke Electric Cooperative<\/a>.\u00a0 The cooperative has made great strides in promoting energy efficiency, yet there are still customers with utility bills that are higher than their mortgage payments some months.\u00a0 Close to half of Roanoke Electric\u2019s customers live in manufactured homes, which typically have less energy-saving insulation than standard homes.\u00a0 And, in an economically-distressed region, few homeowners have extra money to pay for energy efficiency improvements, like caulking around windows or adding insulation.<\/p>\n

Now, thanks to a new program<\/a> offered by Roanoke Electric Cooperative, homeowners can secure low-cost loans from a private lender to make home improvements that will reduce energy use and save money.\u00a0\u00a0 The loan is paid back on the monthly utility bill, reducing paperwork for homeowners and making repayment easier.\u00a0 In this program, the energy efficiency home loan is made by Generations Community Credit Union<\/a>, a lending institution focused on assisting underserved rural communities in North Carolina.\u00a0 Homeowners can borrow up to $4,000 for improvements, with interest rates as low as 3.5%.<\/p>\n

<\/p>\n

\"\"<\/a>
Source: OERB<\/figcaption><\/figure>\n

The program represents a unique public-private partnership between the electric cooperative, the credit union and\u00a0Environmental Defense Fund<\/a>.\u00a0 It is the first on-bill finance program in North Carolina to use private capital for energy efficiency retrofits.\u00a0 Existing on-bill finance programs in the state typically rely on utility funds or shrinking federal funding.<\/p>\n

Unlike some other on-bill programs, this program does not tie the loan to the meter, allowing lenders with different underwriting criteria to participate.\u00a0 It also limits funding to energy efficiency improvements with expected energy savings paybacks over the five-year maximum loan period. \u00a0Estimates show that homeowners can save up to 20% on energy bills, which will help offset the cost of the loan.<\/p>\n

Because this program relies heavily on private, not taxpayer funds, there’s a good chance it could spread to electric cooperatives across North Carolina, as well as those in other states.\u00a0 Hats off to Roanoke Electric and Generations Credit Union for being the first in North Carolina.<\/p>\n","protected":false},"excerpt":{"rendered":"

Duke Energy is the largest utility in the United States, so of course it gets a lot of attention in its home state of North Carolina.\u00a0 Yet millions of residents in rural parts of the state rely on electric cooperatives, not Duke Energy, to keep the lights on.\u00a0 In fact, rural cooperatives serve all or …<\/p>\n","protected":false},"author":1897,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[254,557,27600],"tags":[53022],"coauthors":[],"class_list":["post-5203","post","type-post","status-publish","format-standard","hentry","category-energy-efficiency","category-north-carolina","category-utilities","tag-duke-energy"],"acf":[],"yoast_head":"\nUnique Partnership Creates New Energy Efficiency Loan Model For Rural Homeowners In North Carolina - Energy Exchange<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unique Partnership Creates New Energy Efficiency Loan Model For Rural Homeowners In North Carolina - Energy Exchange\" \/>\n<meta property=\"og:description\" content=\"Duke Energy is the largest utility in the United States, so of course it gets a lot of attention in its home state of North Carolina.\u00a0 Yet millions of residents in rural parts of the state rely on electric cooperatives, not Duke Energy, to keep the lights on.\u00a0 In fact, rural cooperatives serve all or ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/\" \/>\n<meta property=\"og:site_name\" content=\"Energy Exchange\" \/>\n<meta property=\"article:published_time\" content=\"2013-10-10T19:29:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-10-10T19:29:45+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2013\/08\/Greg-Andeck-Photo-214x300.jpg\" \/>\n<meta name=\"author\" content=\"Greg Andeck\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greg Andeck\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2013\\\/10\\\/10\\\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2013\\\/10\\\/10\\\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\\\/\"},\"author\":{\"name\":\"Greg Andeck\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/#\\\/schema\\\/person\\\/9a9e33331feaae4646c421fb04c527ec\"},\"headline\":\"Unique Partnership Creates New Energy Efficiency Loan Model For Rural Homeowners In North Carolina\",\"datePublished\":\"2013-10-10T19:29:22+00:00\",\"dateModified\":\"2013-10-10T19:29:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2013\\\/10\\\/10\\\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\\\/\"},\"wordCount\":443,\"commentCount\":2,\"image\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2013\\\/10\\\/10\\\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/wp-content\\\/blogs.dir\\\/38\\\/files\\\/2013\\\/08\\\/Greg-Andeck-Photo-214x300.jpg\",\"keywords\":[\"Duke Energy\"],\"articleSection\":[\"Energy Efficiency\",\"North Carolina\",\"Utility Business Models\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2013\\\/10\\\/10\\\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2013\\\/10\\\/10\\\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\\\/\",\"url\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2013\\\/10\\\/10\\\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\\\/\",\"name\":\"Unique Partnership Creates New Energy Efficiency Loan Model For Rural Homeowners In North Carolina - Energy Exchange\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2013\\\/10\\\/10\\\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2013\\\/10\\\/10\\\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/wp-content\\\/blogs.dir\\\/38\\\/files\\\/2013\\\/08\\\/Greg-Andeck-Photo-214x300.jpg\",\"datePublished\":\"2013-10-10T19:29:22+00:00\",\"dateModified\":\"2013-10-10T19:29:45+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/#\\\/schema\\\/person\\\/9a9e33331feaae4646c421fb04c527ec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2013\\\/10\\\/10\\\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2013\\\/10\\\/10\\\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2013\\\/10\\\/10\\\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\\\/#primaryimage\",\"url\":\"http:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/wp-content\\\/blogs.dir\\\/38\\\/files\\\/2013\\\/08\\\/Greg-Andeck-Photo-214x300.jpg\",\"contentUrl\":\"http:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/wp-content\\\/blogs.dir\\\/38\\\/files\\\/2013\\\/08\\\/Greg-Andeck-Photo-214x300.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/2013\\\/10\\\/10\\\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Unique Partnership Creates New Energy Efficiency Loan Model For Rural Homeowners In North Carolina\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/#website\",\"url\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/\",\"name\":\"Energy Exchange\",\"description\":\"Accelerating the clean energy revolution\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/#\\\/schema\\\/person\\\/9a9e33331feaae4646c421fb04c527ec\",\"name\":\"Greg Andeck\",\"description\":\"North Carolina Senior Manager, Clean Energy Greg Andeck leads strategy development and outreach to leading companies, regulators and policymakers to advance the EDF Clean Energy Program's objectives in the Southeast. His work accelerates investment in clean energy and fosters a modern, intelligent, interactive electricity system.\",\"sameAs\":[\"http:\\\/\\\/www.edf.org\\\/people\\\/greg-andeck\"],\"url\":\"https:\\\/\\\/blogs.edf.org\\\/energyexchange\\\/author\\\/gandeck\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Unique Partnership Creates New Energy Efficiency Loan Model For Rural Homeowners In North Carolina - Energy Exchange","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/","og_locale":"en_US","og_type":"article","og_title":"Unique Partnership Creates New Energy Efficiency Loan Model For Rural Homeowners In North Carolina - Energy Exchange","og_description":"Duke Energy is the largest utility in the United States, so of course it gets a lot of attention in its home state of North Carolina.\u00a0 Yet millions of residents in rural parts of the state rely on electric cooperatives, not Duke Energy, to keep the lights on.\u00a0 In fact, rural cooperatives serve all or ...","og_url":"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/","og_site_name":"Energy Exchange","article_published_time":"2013-10-10T19:29:22+00:00","article_modified_time":"2013-10-10T19:29:45+00:00","og_image":[{"url":"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2013\/08\/Greg-Andeck-Photo-214x300.jpg","type":"","width":"","height":""}],"author":"Greg Andeck","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Greg Andeck","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/#article","isPartOf":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/"},"author":{"name":"Greg Andeck","@id":"https:\/\/blogs.edf.org\/energyexchange\/#\/schema\/person\/9a9e33331feaae4646c421fb04c527ec"},"headline":"Unique Partnership Creates New Energy Efficiency Loan Model For Rural Homeowners In North Carolina","datePublished":"2013-10-10T19:29:22+00:00","dateModified":"2013-10-10T19:29:45+00:00","mainEntityOfPage":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/"},"wordCount":443,"commentCount":2,"image":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/#primaryimage"},"thumbnailUrl":"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2013\/08\/Greg-Andeck-Photo-214x300.jpg","keywords":["Duke Energy"],"articleSection":["Energy Efficiency","North Carolina","Utility Business Models"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/","url":"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/","name":"Unique Partnership Creates New Energy Efficiency Loan Model For Rural Homeowners In North Carolina - Energy Exchange","isPartOf":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/#website"},"primaryImageOfPage":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/#primaryimage"},"image":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/#primaryimage"},"thumbnailUrl":"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2013\/08\/Greg-Andeck-Photo-214x300.jpg","datePublished":"2013-10-10T19:29:22+00:00","dateModified":"2013-10-10T19:29:45+00:00","author":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/#\/schema\/person\/9a9e33331feaae4646c421fb04c527ec"},"breadcrumb":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/#primaryimage","url":"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2013\/08\/Greg-Andeck-Photo-214x300.jpg","contentUrl":"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2013\/08\/Greg-Andeck-Photo-214x300.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/blogs.edf.org\/energyexchange\/2013\/10\/10\/unique-partnership-creates-new-energy-efficiency-loan-model-for-rural-homeowners-in-north-carolina\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blogs.edf.org\/energyexchange\/"},{"@type":"ListItem","position":2,"name":"Unique Partnership Creates New Energy Efficiency Loan Model For Rural Homeowners In North Carolina"}]},{"@type":"WebSite","@id":"https:\/\/blogs.edf.org\/energyexchange\/#website","url":"https:\/\/blogs.edf.org\/energyexchange\/","name":"Energy Exchange","description":"Accelerating the clean energy revolution","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blogs.edf.org\/energyexchange\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/blogs.edf.org\/energyexchange\/#\/schema\/person\/9a9e33331feaae4646c421fb04c527ec","name":"Greg Andeck","description":"North Carolina Senior Manager, Clean Energy Greg Andeck leads strategy development and outreach to leading companies, regulators and policymakers to advance the EDF Clean Energy Program's objectives in the Southeast. His work accelerates investment in clean energy and fosters a modern, intelligent, interactive electricity system.","sameAs":["http:\/\/www.edf.org\/people\/greg-andeck"],"url":"https:\/\/blogs.edf.org\/energyexchange\/author\/gandeck\/"}]}},"_links":{"self":[{"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/posts\/5203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/users\/1897"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/comments?post=5203"}],"version-history":[{"count":0,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/posts\/5203\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/media?parent=5203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/categories?post=5203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/tags?post=5203"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/coauthors?post=5203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}