Video Profiles Innovative Retrofit Loan Fund

January 29th, 2010 by proenergy Leave a reply »

Video Profiles Innovative Retrofit Loan Fund

Portland pilot program tests on-bill payoff for energy efficiency improvement financing

Green For All, a national nonprofit focused on promoting green job opportunities for members of disadvantaged communities, has produced an inspiring short video about its partnership with a new retrofit financing program in Portland, Oregon.  Prominently featured in the video is Home Performance contractor Bernice Lopez-Dorsey of  H.E.L.P. Group Inc., an active member of Efficiency First.

Clean Energy Works Portland is a pilot program that gives homeowners access to low-interest energy improvement loans with payments appended to the homeowner’s energy bills over the 20-year term of the loan.  This innovative citywide collaboration leveraged ARRA seed money to establish a revolving loan fund, with a progressive Community Workforce Agreement in place to assure local hiring and employment opportunities for low-income and minority workers.

Watch the video here:

Five hundred homes are targeted during the initial pilot. The long-term goal of Clean Energy Works Portland is to retrofit 100,000 homes and create 10,000 green jobs, most of which will go to local workers in the Portland area.

Posted via email from proenergy’s posterous

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