Citi, Renewable Funding, and the New York Green Bank Provide $100 Million to Home Efficiency Financing

Renewable Funding is bringing its Warehouse for Energy Efficiency Loans program to New York with the help of the state's Green Bank.  Citi and Renewable Funding, along with New York Green Bank, will provide a $100 million financing program to the residential energy efficiency sector.

The goal is to expand the availability of loans to homeowners and promote the creation of a marketplace for the securitization of residential energy-efficiency loans. But there is a contentious ongoing debate over whether the availability of capital at lower rates (ideally sub-10 percent) is the key hurdle in unlocking energy efficiency in homes.

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