The report “Tariffed On-Bill to Finance Energy Efficiency and Decarbonization Retrofits for Multifamily Buildings in California” delves into the critical role of building decarbonization in achieving California’s ambitious climate goal of net-zero emissions by 2045. To equitably decarbonize the residential buildings sector, Californians need accessible and affordable clean energy financing strategies to make significant investments to electrify and reduce energy consumption in all aspects of their daily lives.
To overcome financial barriers and gaps, the report recommends the adoption of tariffed on-bill (TOB) pilot programs. These programs offer financing and project delivery for both multifamily owners and tenants, enabling whole-building deep efficiency and electrification retrofits. By simplifying the process, reducing administrative burdens, and addressing split incentives between tenants and owners, California can achieve energy savings, reduce emissions, and lower utility bills.
Access the report here
