Accelerating Building Decarbonization with Tariffed On-Bill Financing

Imagine your utility told you they wanted to invest in state-of-the-art technology for your home or business. No taking on debt, and no matter if you're a renter. Your obligation? Paying a monthly tariff on your electric bill no greater than the resulting energy savings. The tariff would extend only until the utility recovers its investment, and if you move, would simply transfer to the next occupant. This session will present results of a business, technical, and consumer feasibility study of tariffed on-bill (TOB) financing by the Ipswich Electric Light Department and plans for implementation.

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Tuesday, March 28, 2023 - 1:00pm to 2:00pm

Room / Location:
Harbor 2

CEU Information: 

Approved for 1 credit hour toward AIA (LU), BOC, and NARI certification. Credit is offered for each full conference day toward MA CSL, PHI, Phius, and RESNET certification.

Learning Objectives:

  • Explain tariffed on-bill financing and the key differences from traditional on-bill financing.
  • State the business case for a TOB program from the utility perspective (i.e. rate of return) and how the utility generates value for all customers with each individual participant.
  • List key risks and mitigation strategies for utilities and occupants entering into TOB agreements.
  • Extrapolate findings from the Ipswich case study to approximate how TOB would work elsewhere in Massachusetts under different conditions, including municipal vs. investor-owned utility territory, average housing type, and demographics.

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