Clean Energy Works Oregon: Total Home Performance
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This online-only article is a supplement to the January/February 2015
print edition of Home Energy Magazine.
January 01, 2015
Clean Energy Works Oregon (CEWO) is the largest nonprofit home performance provider in Oregon, according to Derek Smith, CEO of CEWO. Home Energy Publisher Tom White spoke with Derek about his work in the Pacific Northwest region. CEWO was one of the few organizations that used American Recovery and Reinvestment Act federal investments to unlock private capital in a local market, getting private lenders into the home performance sector without credit enhancements. “Now private capital is flowing throughout Oregon for home performance at very competitive rates,” says Derek, with financing coming from “credit unions, traditional banks, and CDFIs offering on-bill financing. We've got a suite of financing tools that are working in the market very well and not relying on any subsidy.”
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