global warming news - green building : energy savings - "PAY AS YOU SAVE Energy conservation financing program" Posted By : Renewable Energy 2

This way, the monthly charge should be designed to be less than the savings realized on each bill once the new measures are installed and implemented. If customers wish to pay off their Financing charges balances quicker (which in some cases they do), up to one hundred percent (100%) of the savings can be used to form the basis of their monthly Finance charge amount. So if an Energy Financing Charge (EFC) participant moves or sells, the new owner continues making the payments for the duration of the payment term, unless the previous owner/tenant chooses to pay off the obligation before selling or moving. Also, the payments include a small percentage risk mitigation adder (5%) to protect the utility from bad debt risks associated with some portion of participants

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