Support for innovative financing programs in a post-coronavirus economic stimulus package

A joint letter from energy and environmental organizations urging the U.S. Congress to include support for innovative energy efficiency and renewable energy financing programs, specifically on-bill financing, in a post-coronavirus economic stimulus package.

• The authors argue that the clean energy sector is a primary candidate for economic stimulus due to its ability to create jobs, reduce waste, save money, and lower greenhouse gas emissions and air pollution.
• Innovative financing is presented as a necessary tool to maximize the impact of grants, rebates, and tax incentives, ensuring that recovery funds sustain the clean energy workforce and provide long-term savings and emissions reductions.
• The letter specifically advocates for on-bill financing programs, which allow borrowers to repay energy efficiency and renewable energy costs via a utility bill line-item. These programs are currently used by over 60 electric cooperatives and public utilities, particularly in rural areas where energy costs are on average 40% higher than in urban areas.
• The authors request that Congress increase funding for the USDA's Rural Energy Savings Program and the DOE's State Energy Program, and ensure that the Energy Efficiency and Conservation Block Grant and state or local "green banks" are authorized to allow on-bill financing.

APA

Environmental and Energy Study Institute (2020). Support for innovative financing programs in a post-coronavirus economic stimulus package. https://www.eesi.org/files/OBF-Stimulus-Letter-051120.pdf

Chicago

Environmental and Energy Study Institute. Support for innovative financing programs in a post-coronavirus economic stimulus package. 2020. https://www.eesi.org/files/OBF-Stimulus-Letter-051120.pdf.

Wikipedia

{{cite press release |author=Environmental and Energy Study Institute |title=Support for innovative financing programs in a post-coronavirus economic stimulus package |date=11 May 2020 |url=https://www.eesi.org/files/OBF-Stimulus-Letter-051120.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{environmentalandenergystudyinstitute2020support, author = {{Environmental and Energy Study Institute}}, title = {{Support for innovative financing programs in a post-coronavirus economic stimulus package}}, publisher = {Environmental and Energy Study Institute}, year = {2020}, month = may, url = {https://www.eesi.org/files/OBF-Stimulus-Letter-051120.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }