GEMS Administrator Anticipates On-Bill Loan Financing This Year

posted in: May 2017 | 0

When the state’s Green Energy Market Securitization (GEMS) loan program was established in 2013, all parties involved believed that customers who took out loans for installation of photovoltaic and other energy saving technologies would have the option of paying off the loan charges through their monthly utility bills.

That process, known as on-bill financing, was to be available not only to customers who financed these improvements with GEMS loans, but to all electric utility customers.

In June 2014, the Public Utilities Commission officially opened a docket that was aimed at working out the technical issues that would need . . .

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