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Residential Building Energy Renovations with On-Bill Financing

Objective

Ren-on-Bill’s overall objective is to scale up investments towards deep energy renovations (ER) of residential buildings by promoting the development and implementation of On-Bill Financing schemes, based on the cooperation between energy utilities and financial institutions.

On-Bill Financing (OBF) is a method of financing ER investments that draws on utility bills as repayment vehicle. OBF has been in use for more than 30 years, and it is especially widespread in the USA and Canada, where it significantly drives the building renovation market, with over 1 billion $ investments reached by 2013. Compared to traditional loans, default rates have been found to be lower, thus making OBF a lower risk instrument for investors. In Europe, although a few attempts have been made, OBF has not yet had a significant impact on the residential energy efficiency building renovation market.

In detail, the project will:

- Analyse and define the residential building ER and OBF market context to enable replication of suitable OBF schemes across Europe;

- Engage key stakeholders (in particular energy utilities, financial institutions, representatives of the final user and ER market side) through national stakeholder platforms;

- Develop tools to structure the residential sector’s ER financing demand allowing allows utilities and financial institutions to assess ER investments based on a transparent methodology and to bundle investments accordingly;

- Develop suitable utility business models for the deployment of deep energy renovation OBF schemes for residential buildings in Europe;

- Implement selected OBF business models at the 3 Ren-on-Bill partner utilities through a collaboration for strategic development of pilot on-bill financing schemes;

- Exploit the insights gained over the project horizon to support European-wide dissemination of knowledge on OBF schemes towards utilities, financial institutions and policy-makers.

Field of science

  • /social sciences/economics and business/business and management/business model
  • /social sciences/economics and business/business and management/commerce

Call for proposal

H2020-LC-SC3-EE-2018
See other projects for this call

Funding Scheme

CSA - Coordination and support action

Coordinator

CREARA CONSULTORES SL
Address
Calle Velazquez, Num. 157 Planta 5
28002 Madrid
Spain
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EU contribution
€ 373 750

Participants (8)

UNIVERSITA DEGLI STUDI DI GENOVA
Italy
EU contribution
€ 162 175
Address
Via Balbi 5
16126 Genova
Activity type
Higher or Secondary Education Establishments
LIETUVOS ENERGETIKOS INSTITUTAS
Lithuania
EU contribution
€ 81 125
Address
Breslaujos G. 3
LT-44403 Kaunas
Activity type
Research Organisations
EPTA PRIME S.R.L
Italy
EU contribution
€ 116 425
Address
Via Angelo Bargoni 78F
00153 Roma
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
ADELPHI RESEARCH GEMEINNUTZIGE GMBH
Germany
EU contribution
€ 278 750
Address
Alt-moabit 91
10559 Berlin
Activity type
Research Organisations
BUILDINGS PERFORMANCE INSTITUTE EUROPE ASBL
Belgium
EU contribution
€ 316 260
Address
Rue De La Science 23
1040 Bruxelles
Activity type
Research Organisations
FENIE ENERGIA SA
Spain
EU contribution
€ 143 800
Address
Calle Jacinto Benavente 2B Las Bajarozas De Madrid
28232 Madrid
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
KAUNO ENERGIJA AB
Lithuania
EU contribution
€ 71 500
Address
Raudondvario Pl 84
47179 Kaunas
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
BLUENERGY GROUP SPA
Italy
EU contribution
€ 118 087,50
Address
Viale Venezia 430
33100 Udine
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)