HEAL Model with Employer Financing
If financing represents one of the biggest challenges facing nationwide energy efficiency efforts today, the HEAL program-with its employer-sponsored financing component-gives participants an answer to that challenge. Of all its benefits, HEAL's accessibility to every employee regardless of income level, is perhaps the most unique.
HEAL's financing structure works by reaching out to both industry and residential populations, primarily through zero-interest revolving loan funds. This approach capitalizes on the idea that energy efficiency retrofits save on utility bills, thus allowing businesses and homeowners to pay back these loans with a portion of the energy savings, while at the same time increasing much-needed disposable income. This financing mechanism has allowed businesses to create, and homeowners to access, funds needed to implement cost-saving energy efficiency improvements.