How$martKY started in December 2010 as an on-bill financing pilot program implemented by four rural utility cooperatives in Eastern Kentucky. How$martKY has been managed by the Mountain Association for Community Economic Development (MACED) to provide energy retrofits, such as insulation, duct sealing, air sealing, and heat pump upgrades) as part of a utility service under the Kentucky Energy Retrofit Rider. Once the free energy assessment of the property is completed, a program Energy Specialist oversees the energy efficiency upgrades. Customers pay back the upgrades through installed payments on their monthly utility bill, using the energy savings generated by the retrofit. At the end of the 2-year pilot program, 166 assessments had been done and 90 customers had implemented retrofits totaling $687,517. Three of the utilities have decided to move forward with a permanent tariff program.
Mountain Association for Community Economic Development website
More information regarding on-bill financing can be found in the Clean Economy Knowledge Center
On-Bill Financing Spurs Water and Energy Retrofits webinar archive