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This was an amazing podcast (as usual from @drvolts). Thanks for the shout-out to LPO and the other great programs here. A few thoughts as we get more intentional about savings money for LMI consumers -- reducing energy burden.
The data that Vero talked about is summarized here. We have long known that LMI customers repay energy related loans at a much higher rate then other loans that they take out. But lenders still charge 30% interest for appliances, other loans. emp.lbl.gov/publications/l…
We can solve that problem and start to do that by making existing financing solutions more inclusive, see the @SunnovaEnergy announcement this month. Also allows LMI customers to take advantage of #VirtualPowerPlant income. energy.gov/lpo/articles/l…
The #COVID19 crisis put millions of Americans in financial peril, hitting households of color particularly hard and moratoriums on utility shutoffs instituted in many states to #ProtectConsumers have already expired. 1/6 nclc.org/media-center/c…
Millions of utility customers face the threat of shutoff due to the inability to pay their #energy bills and unpaid #utilitybills are accruing across the country. #COVID19 #LIHEAP #HomeworkGap #Lifeline #ProtectHomeowners 2/6 nclc.org/media-center/c…
New analysis from @NCLC4consumers finds that without additional aid and flexible repayment programs, millions of families and #smallbiz will face or are already facing a mountain of debt that they can’t pay, placing them at high risk of disconnection. 3/6 nclc.org/media-center/c…
