On the horizon in Ohio: Is there potential for funding energy projects through innovative “on-bill repayment” mechanism?
On-bill repayment (OBR), a method for financing energy efficiency and renewable electricity generation projects through a homeowner’s or business owner’s monthly utility bills, is a legislative initiative that may be gaining momentum in Ohio. Projects funded under OBR programs are financed by third-party investors or lenders and are not financed directly by utility companies or ratepayers. OBR permits customers to repay the investor or the lender through payments added to its monthly utility bill instead of direct payment to the investor or the lender. At this time, various stakeholders are considering how on-bill repayment may help businesses in Ohio. For more, read the full story.
