Scaling Employer Energy Benefits
The Clinton Climate Initiative is committed to finding solutions of scale in energy efficiency and clean energy for the built environment by developing market-based approaches to the key challenges that inhibit quicker and greater uptake of energy efficiency. Two of the programs through which the Clinton Climate Initiative is impacting markets and lives today are the Home Energy Affordability Loan (HEAL) and the Energy Efficiency Finance Accelerator.
Home Energy Affordability Loan Program
We've created an employer-based benefit program that addresses financial and process barriers to residential retrofit projects. The Home Energy Affordability Loan program (HEAL), a Clinton Climate Initiative innovation, is the United States’ first employer-sponsored energy efficiency program, designed to improve quality of life at both the corporate and homeowner levels through energy upgrades of facilities and homes. The HEAL program stimulates economies, reduces greenhouse gas emissions, and drives market transformation by bringing a simplified energy efficiency delivery model to the workplace.
Piloted in Arkansas, the HEAL program facilitates a commercial retrofit to employers’ facilities (when appropriate) and then provides the process by which their employees can make similar energy efficiency improvements in their homes. Employees get an opportunity to receive home energy audits with unique employer-provided or third party financing, repaid through payroll deductions. As employees choose energy efficient home improvements that lower their utility bills, they also reduce their greenhouse gas emissions and improve household resiliency in ways that can positively impact occupant health outcomes.
We're currently working with public and private partners to pilot our HEAL program in other states, with the goal of national and international replication.
Energy Efficiency Finance Accelerator
Pension and Investment Funds offer a potential solution to a key barrier of scaling building energy efficiency- convenient and consistent access to affordable capital for energy based improvements. Our Energy Efficiency Finance Accelerator works with large funds, investors and their advisors to better quantify the risks and rewards of clean energy and efficiency investments in the building sector. We're working to support the creation of financing vehicles that bring access to new pools of capital for building and home owners in ways that increase uptake of commercial and residential energy projects, stimulating economic activity and growth.