22 Nov '12, 2am

[Blog] What stops banks from lending to energy efficiency projects?: Four years after the US credit market crash...

Four years after the US credit market crashed, energy efficiency projects continue to struggle to secure financing. What’s the problem? A slow economy, of course. But when it comes to energy efficiency – and on-site renewable energy – the problem runs deeper. It’s not lack of interest in green energy. To the contrary, says Angela Ferrante, director of alternative energy solutions at Energi, a Massachusetts reinsurance company that provides insurance and risk management products for the energy industry. Banks are interested in lending to green projects, in part because of the number of customers now knocking on their doors seeking financing for energy efficiency and solar installations. “When they hear it from their clients, it is a lot more compelling than hearing about green so and so in the newspaper,” she said. In addition, banks see energy efficiency as a new market op...

Full article: http://www.homeenergy.org/show/blog/nav/blog/id/349

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