Although connecting energy efficiency programs and private capital may seem like an ideal partnership, program managers from New York and Pennsylvania have found it is challenging to achieve competitive investment ratings for energy efficiency loan portfolios. Jeff Pitkin and Keith Welks discussed their experiences with accessing the secondary market in
energy efficiency loans
After long and diligent work, my own Commonwealth of Pennsylvania announced last week that it had successfully bundled 4,700 residential energy efficiency loans, and obtained $23 million in cash and $8.3 million in deferred payments, for a projected total of $31.3 million. The press release is available here.