CET is in the Boston Globe
We’re thrilled to have our Ipswich program highlighted in the business section of the November 20th, 2023 issue of The Boston Globe.
This feature highlights our groundbreaking energy efficiency program, our commitment to sustainable energy solutions, and our efforts to make them accessible to a wider community.
Bridging the Gap: Ipswich’s Innovative Energy Program
The article highlights a pilot program in Ipswich, Massachusetts, led by the Ipswich Electric Light Department in partnership with CET (formerly The Center for Ecotechnology). By addressing a critical challenge in the energy sector, this initiative makes clean energy upgrades more affordable and accessible for residents.
The program offers a unique solution for individuals like Mark, who faced the challenge of replacing an outdated and inefficient oil furnace. Despite his need, statewide financing programs were not an option because he was a customer of a small municipal utility. The Ipswich program steps in to bridge this gap by covering a significant portion of the upfront costs for energy-efficient upgrades, such as electric heat pumps.
What sets this program apart is its innovative financing model, known as tariff-on-bill financing. Residents repay the costs over time through energy bill savings, making the upgrades both environmentally friendly and economically feasible. As a result, this initiative not only benefits individual households but also contributes to broader sustainability goals.
A Model for Communities: Extending Clean Energy Accessibility
The program’s success could have broader implications beyond Ipswich. Many see it as a potential model for other communities facing similar challenges, offering a blueprint for supporting residents in making energy-efficient improvements without the burden of large upfront costs.
The financing model, particularly innovative in Massachusetts, aims to be inclusive, assisting residents who might typically encounter difficulties with traditional financing methods due to issues like homeownership or credit scores. Tying the payments to the electric bill of the residence, the program provides a stable and predictable path for repayment, ensuring continuity even if residents change residences.
Our Commitment to a Just and Equitable Future
This initiative demonstrates our commitment to environmental sustainability and community support. By addressing financial barriers to clean energy upgrades, we’re not only contributing to a healthier planet but also ensuring that the benefits of sustainable living are accessible to a wider range of people.
The Boston Globe’s recognition of our efforts is a testament to the potential impact and importance of innovative approaches in the journey toward a just and equitable future.
