29 Mar '13, 3pm

Pennsylvania Executes one of the First Residential Energy Efficiency Loan Bundling Transactions

Pennsylvania Executes one of the First Residential Energy Efficiency Loan Bundling Transactions Posted on March 11, 2013 by Shari Shapiro Email This Print Comments Trackbacks Share Link 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 . This is a holy grail of sorts. People have been saying for years that energy efficiency loans should be able to be bundled and sold, a la mortgages and credit card loans. In theory, bundling the loans would allow private capital to invest in pools of energy efficiency loans, as opposed to individual projects, injecting more capital into the market for energy efficiency upgrades and lo...

Full article: http://www.greenbuildinglawblog.com/2013/03/articles/fina...

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