Older properties consume far more energy and often have higher costs for electricity, heating and air conditioning than newer buildings. CDFIs in local markets are developing innovative solutions to address barriers that have kept many property owners from financing important energy efficiency upgrades that can immediately save energy and, over time, save money.
“Residential and commercial buildings account for approximately 40 percent of all primary energy consumption in
“Making our existing building stock more energy- and resource-efficient is the best way to create jobs, save energy and save money,” said
Once CDFIs have made loans to property owners,
Applications are available at www.cybergrants.com/boa/energyefficiency, with the winning energy finance programs and partners announced in
For more information on Bank of America’s community development lending and investing, including its work with CDFIs, visit www.bankofamerica.com/opportunity.
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