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overview
How$mart KY addresses the primary barrier to investment in energy efficiency by homeowners, small businesses and enterprises: the necessity for upfront funding to pay for improvements. In this demonstration program, customers will pay for efficiency upgrades each month out of the average energy savings generated by the retrofit. By providing retrofit services on the electric bill utilities can put energy efficiency in the reach of those who need it the most, but have previously been unable to make the upfront investment to start saving money on their energy bills.
MACED is working with four partner electric cooperatives (Big Sandy RECC, Fleming-Mason Energy, Grayson RECC and Jackson Energy) who will pilot retrofits among their customers. MACED and the coops adapted this program design from precedents first developed through the PAYS® system and the How$mart® program in Kansas.
In the long run, the How$mart model has the potential for significant energy savings, as the model works for all classes of utility customers — whether renters, homeowners or business owners.
The approach allows utilities to offer customers more comprehensive energy services at a time when efficiency continues to be cheaper than new power generation. MACED and the Coops are currently working through regulatory approvals and initial program development. For additional information, contact Jeff Fugate at 859-986-2373 or jfugate@maced.org.
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Enterprise Development | Forest Opportunities | Policy | Common Cents | Energy Efficient
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