Richard Faesy
Energy Improvement Mortgages (EIMs) help consumers finance home energy improvements, but many market barriers exist that prevent consumers from accessing the benefits. Programs in California and Vermont provide positive examples of how EIMs can be beneficial for both consumers and lenders. This paper also offers ideas on how these mechanisms can be expanded and improved, through customer education, better understanding of motivations in the market, and a simplification of the closing process.
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