The LBNL Electricity Markets and Policy Group's work on financing explores instruments, strategies and policies that can be used to increase the attractiveness and accessibility of capital for energy improvements in existing buildings. Because this is a constantly evolving space, we've created this webpage to share resources as they are developed. This webpage will be updated with additional resources in the future.

Energy Efficiency Financing Programs

An energy efficiency financing program is a program designed to provide access to funding to individuals or businesses specifically to fund energy efficiency measures. These programs may take a variety of forms and can include subsidized financing and/or novel financing structures such as on bill finance (OBF) which involves repaying financing for energy improvements on one's utility bill, or property assessed clean energy (PACE) which involves financing energy improvements through a special property tax assessment. Program administrators typically design and implement these programs to overcome perceived barriers to the installation of cost effective energy efficiency measures.

Getting the Biggest Bang for the Buck: Exploring the Rationales and Design Options for Energy Efficiency Financing Programs
Zimring, M., M.G. Borgeson, A. Todd, C. Goldman. December 2013 [Report PDF], [Presentation PDF]

Qualified Energy Conservation Bonds

A Qualified Energy Conservation Bond (QECB) is a debt instrument that enables qualified state, tribal and local government issuers to borrow money to fund energy conservation projects (It is important to note that QECBs are not grants). A QECB is among the lowest-cost public financing tools because the U.S. Department of Treasury subsidizes the issuer's borrowing costs.

LBNL QECB Reports and Policy Briefs

Aggregating QECB Allocations and Using QECBs to Support the Private Sector: A Case Study on Massachusetts
Zimring, M., M.G. Borgeson. Clean Energy Financing Policy Brief. August 2012 [PDF]
Additional Massachusetts QECB Documents and Resources

Qualified Energy Conservation Bond (QECB) Update: New Guidance from the U.S. Department of Treasury and Internal Revenue Service
Zimring, M., M.G. Borgeson. Clean Energy Financing Policy Brief. July 2012 [PDF]

Using QECBs for Public Building Upgrades: Reducing Energy Bills in the City of Philadelphia
Zimring, M., M.G. Borgeson. Clean Energy Financing Policy Brief. July 2012 [PDF]
Additional Philadelphia QECB Documents and Resources

Using QECBs for Street Lighting Upgrades: Lighting the Way to Lower Energy Bills in San Diego
Zimring, M., M.G. Borgeson. Clean Energy Financing Policy Brief. July 2012 [PDF]
Additional San Diego QECB Documents and Resources

Using QECBs to Fund a Residential Energy Efficiency Loan Program: Case Study on Saint Louis County, MO
Zimring, M., M.G. Borgeson. Clean Energy Financing Policy Brief. June 2011 [PDF]

LBNL/DOE QECB Webcasts

Making it Easier to Complete Clean Energy Projects with QECBs
Thursday, July 19, 2012, 2:30 pm - 4 pm Eastern

Qualified Energy Conservation Bonds (QECBs): Updates from the Field
March 28, 2011

Taking Advantage of Qualified Energy Conservation Bonds
September 22, 2010

Additional QECB Resources

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LBNL Electricity Markets and Policy Group Publications:

Check out the Energy Efficiency publications to see the most recent reports, policy briefs, case studies and presentations on LBNL’s work with energy efficiency programs across the nation.

Contact

Mark Zimring
(510) 495-2088