Finally creative financing for energy retrofits has reached the East coast.
Babylon, NY is providing accessible financing for residents to install efficiency measures and renewable energy systems. The best part….. the loan is tied to the house, not the homeowner and is payed back through energy bill savings.
“The homeowner then pays the money back to the town through regular trash bills, with 3% interest, and the loan is structured so the homeowner pays less than he or she is saving in utilities.”
Read about the Long Island Green Homes program in the Wall Street Journal
here: http://online.wsj.com/article/SB125064722656442071.html