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Financial Services

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Financing continues to be one of the top challenges in the marketplace for energy retrofits and renovations. In efforts to address this challenge, DOE created the Financial Ally program as part of the Better Buildings Challenge. Financial Allies support energy investments by making their finance products available and demonstrating their approaches through published implementation models. Since the launch of the program, financial allies have invested more than $26 billion in energy projects.

Find Financing for Your Energy Efficiency Projects

2024 Better Buildings Progress Report

To date, Better Buildings, Better Plants partners have saved more than 3.6 quadrillion Btu, saving more than $22 billion and 224 million metric tons of CO2.

Financial Ally List

Financial Allies are actively seeking new partners to work with and can help drive energy efficiency success for commercial, multifamily, industrial, and public buildings. 

Watch Recorded Webinars

Watch all previously recorded webinars in the On-Demand Webinars library sorted by popular topics such as resilience, zero energy buildings, and more.

Other Resources

Fact Sheet

Commercial PACE Financing for Resiliency Fact Sheet

This fact sheet explores how commercial property assessed clean energy (CPACE) financing can be used to fund resiliency improvements that make buildings more resistant to natural disasters and other threats.

Financial Allies & the Financing Navigator Fact Sheet

A one-page factsheet which describes the Financial Allies program, resources, and relevancies to Better Buildings and Better Climate Challenge partners.

General

Implementation Model

Prologis: CPACE Financing at Historic Pier 1 Implementation Model

Prologis, Inc., took advantage of commercial PACE financing to retrofit its headquarters at the historic Pier 1 building in San Francisco. The projects financed are projected to reduce electricity consumption by 32% and save nearly $100,000 annually.

D.C. Department of General Services Develops Solar Project Using a Power Purchase Agreement Implementation Model

The District of Columbia's Department of General Services engaged Sol Systems to develop one of the largest onsite solar energy projects in the U.S. on a 12-month timeline using a unique power purchase agreement. The project spans 35 facilities, including schools, hospitals, police facilities, and more.

Abundant Power: State Loan Program Funds Historic Building Retrofit Implementation Model

The AlabamaSAVES Program acquired a participating interest in a third-party loan through its Participating Loan Program to support the redevelopment of the Mercantile National Bank Building in downtown Mobile, enabling the implementation of a suite of energy efficiency measures throughout the building that will result in significant avoided energy costs.

Citizen Energy uses Efficiency-as-a-Service to Finance Multifamily Properties Implementation Model

Citizen Energy completed projects at two separate multifamily properties with different ownership structures using an efficiency-as-a-service financing solution, resulting in cash-flow positive outcomes since day one.

Presentation

Finance 101 Presentation

Come away from this session equipped with everything you need to know about energy efficiency and renewable energy finance at a high level. This session reviewed recent trends in finance, including new financial products, current market data, and key barriers. Panelists also highlighted the Better Buildings Financing Navigator 2.0, an online tool that helps organizations find financing solutions for efficiency and renewables.

Making Smart Investments: How Banks and Investors Think about Energy Efficiency Presentation

How do major financial institutions think about energy efficiency? What will it take to drive more capital into these projects? Join this session to get those very answers, and learn about the current efforts to standardize energy efficiency into an investable asset class.

Rethinking Traditional Finance: How Efficiency-as-a-Service Unlocks New Potential for Businesses Presentation

Explore recent developments in efficiency-as-a-service, a relatively new financing mechanism in which customers pay a provider for the service of energy savings. Panelists also discussed recent high-profile corporate energy services agreement (ESA) deals, as well as emerging non-ESA models like lighting-as-a-service.

Commercial PACE: What Does It Mean for the Market? Presentation

Commercial property-assessed clean energy (CPACE) financing is a hot topic, but it is often poorly understood. This session dove into the state of the growing CPACE industry, with perspectives from both small and large financing companies.

Deep Impact: Non-traditional Approaches to Financing Efficiency Presentation

Energy efficiency projects in small, rural, and low-income communities have often struggled to access to low-cost capital, despite representing a significant economic opportunity. This session covered new financing approaches designed to serve these communities. Panelists discussed Community Reinvestment Act lending as well as mission-driven private sector programs that use a variety of financing mechanisms to unlock access to capital.

Getting to "Yes" with ESAs and Efficiency-as-a-Service Presentation

This session explored industry trends and panelists discussed existing and emerging "as-a-service" models.

Let's Make a Deal! Efficiency from the Investor's Perspective Presentation

Spoiler alert: there's no shortage of capital for the right deal. So what does a good deal look like to investors and lenders? This panel covered key requirements for successful energy efficiency borrowing from the perspective of private banks and mission investors.

Navigating to Deal Close: Key Questions to Ask When Securing Efficiency Financing Presentation

This session addressed key questions to ask when looking for project financing, especially if you are a building owner, executive, or other decision-maker. We covered how to select the right financing option, find and vet providers, capture incentives, and avoid common pitfalls.

State of the Union for Energy Efficiency Finance Presentation

This session covered the state of the efficiency financing industry in broad strokes, targeted at a general audience. Leading experts guided us through topics including trends in both new and old financing products, key policy changes affecting the industry, and the market outlook for 2018 and beyond.

The Future of Green Banks Presentation

Green banks continue to gain popularity as a way for state and local governments to catalyze the development of the clean energy economy. This session explored recent trends in green banks, key challenges, and what this means for building owners and the market more broadly.

Emerging Trends in Green Banks Presentation

Green banks are helping unlock clean energy investment across the U.S. and the world. This session reviewed current developments in green banks, including the recent trend toward county-level banks, city-level banks, and international collaboration around green banks.

Solutions at a Glance

Metrus Energy Public-Private Partnership for Financing K-12 Efficiency Financing

Metrus Energy reaches efficiency-as-a-service deal to upgrade HVAC, building automation, hot water controls, and interior lighting at Jack Hebrew Academy with support from Pennsylvania's Green Energy Loan Fund.

Innovative Citi and Metrus Energy Partnership Finances Large-Scale Efficiency Improvements Financing

Efficiency upgrades often focus on improvements at one site due to the upfront costs required to finance a project. Citi and Metrus Energy developed a multi-site, multi-state Efficiency Service Agreement (ESA) that allows customers to implement projects with no upfront capital expenditure, demonstrating how ESAs can achieve scale.

Toolkits

Financing for Resilience with Commercial PACE Financing

This toolkit provides an overview of CPACE financing to help building owners, operators, and occupants improve resilience in their facilities.

Webinar

Show me the Money!: How to find financing, access incentives, and get projects done Webinar

This webinar detailed ways and available tools to find funding for energy efficiency projects and how to avoid common pitfalls.

Rethinking Traditional Finance: How Efficiency-as-a-Service Can Drive Upgrades without Upfront Capital Webinar

On this webinar, we highlighted the efficiency-as-a-service toolkit and Better Buildings Financial Allies shared insights from the field.

Roadmap to 20% Energy Savings: A Quantitative Tool to Plan Your Strategy Webinar

This webinar demonstrated the use of a planning tool developed by Stewards of Affordable Housing for the Future (SAHF) that helps you create a strategy for reaching energy or water reduction targets for your portfolio, sort through different conservations options, and make informed choices that demonstrate to decision-makers a concrete path to success.

One Size Does Not Fit All: Lessons learned from Financing Large and Small Energy Retrofits Webinar

This webinar explored the successful implementation of two energy efficiency projects, one small and one large; there was a facilitated discussion that compared and contrasted the characteristics of each.