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Lending for Energy Efficiency Upgrades in Low-to Moderate-Income Communities: Bank of America’s Energy Efficiency Finance Program

American Council for an Energy-Efficient Economy | July 2016

This paper analyzes Bank of America’s $55 million initiative to provide low-cost funding and grant support to advance energy efficiency investment in low- to moderate-income communities. The funding supported community development financial institutions (CDFIs) in developing and enhancing efficiency programs for residential, commercial, and multifamily buildings. We report on loan performance, energy savings, and the degree to which the savings offset the cost of the energy efficiency investment.

Resource Type: 
Resource Topics: 
CDFIs
Financing Options
Financing Program Overview
Loan Performance
Quantifying Savings