WEBINAR | On-Bill Financing Quality Assurance Providers
The Investor Confidence Project has been working on reducing transaction costs and accelerating adoption of the PG&E On-Bill Finance Program. The webinar below discuss a number of changes to their program that brings it fully in line with ICP (Investor Confidence Project), and has resulted in a substantial increase in participation and project pipeline.
PG&E (Pacific Gas and Electric Company) is demonstrating how standards and simplified process based on consistent certification through GBCI (Green Business Certification Inc.) and a network of QA (Quality Assurance) providers can deliver deal flow and lower transaction costs for all parties.
PG&E’s Energy Efficiency Financing program enables qualified, non-residential PG&E customers with a means to finance energy efficiency retrofit projects intended to replace worn-out equipment with more energy efficient models. Customers are offered a 0% interest loan that is in-line with the monthly energy savings from the project upgrades, payable through their monthly energy bill.
On Wednesday, July 10, 2019, the On-Bill Financing (OBF) Team will host a “Multiple QA Processes” webinar. An official agenda will be provided closer to the webinar date.
WHY IS THIS RELEVANT:
The Energy Efficiency program uses Investor Confidence Project (ICP) certified Quality Assurance (QA) reviewers to validate pre/post financing projects and confirm the energy savings amount per project, which determines the end customer’s final loan amount.
Currently, only one QA serves as PG&E’s main QA reviewer for Energy Efficiency Financing project opportunities.
However, in order to scale and streamline the Energy Efficiency program, PG&E is moving from a single QA reviewer to multiple certified QA reviewers, with their own business relationships with the project developers of financed energy efficiency projects.
WHAT DO I NEED TO KNOW:
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