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GoGreen Home Leverages Private Capital to Break Down Financial Barriers
Awards 0.1 CEUs / 1 PDHs (Click for more info)
AESP is accredited by the International Association for Continuing Education and Training (IACET). AESP complies with the ANSI/IACET Standard, which is recognized internationally as a standard of excellence in instructional practices. As a result of this accreditation, AESP is authorized to issue the IACET CEU. AESP instructors disclose in advance that they have no interest in any product, service, or material discussed during the course. This information is stated orally and in the training course handbook.
This webinar will focus on the utility ratepayer-funded GoGreen Home Energy Financing Program administered by an agency within the California State Treasurer’s Office. CAEATFA will provide an overview of the GoGreen Home program, which leverages private capital by providing a loan loss reserve (LLR) that offsets 90% of eligible losses on qualified loans to lenders that offer favorable terms to overcome financial barriers. The program was launched in 2016 to facilitate contractor-led home improvement loans and later expanded to support microloans of up to $5000 that enable consumers to purchase efficient appliances at retail.
SoCalGas is the lead utility for the GoGreen Home program and, in 2021, was the first to pilot GoGreen-backed Eco Financing microloans delivered through their online marketplace. The utility will talk about this industry-first and how financing fits into their overall strategy and portfolio.
As the SoCalGas Marketplace implementer and a GoGreen Home Channel Partner, Enervee relies on its ecommerce platform as the digital hub to convene the wide range of partners needed to overcome financial barriers that consumers face. The program relies on ecommerce, fintech lending, utility, and green bank business models to effectively overcome financial barriers.
The webinar will draw extensively on new, soon-to-be published results from a statewide pilot program conducted in partnership with the New York State Energy Research & Development Authority, as well as an independent evaluation of California’s statewide GoGreen Home program, which covered Eco Financing micro-loans used to pay for ecommerce appliance purchases.
Unsecured consumer lending is an important means of overcoming financial barriers that prevent consumers from buying energy efficient products on their own.
In this webinar, you will learn to:
- Summarize the success of this innovative new credit enhancement approach to overcome financial barriers.
- Provide examples of business models & enabling partnerships.
- Consider implications for utility program design & regulation.
Panelists
Kristi Cortez
Marketing Analyst from GoGreen Financing
Kristi Cortez is a Marketing Analyst for the GoGreen Financing programs housed within the California State Treasurer’s Office. She administers customer and contractor-facing communications to help increase awareness and access to affordable financing for residential and commercial energy upgrades. Before joining the Treasury and GoGreen Financing, Kristi worked in academia as an adjunct professor for Chapman University where she taught courses on media studies.
Darren Hanway
Manager of Energy Programs & Strategy, Southern California Gas Company
Darren Hanway is the Manager of Energy Programs & Strategy for Southern California Gas Company, the nation’s largest natural gas distribution utility. Darren leads the development, design, and implementation of energy efficiency, demand response, and solar thermal solutions for nearly 22 million customers in Southern California.
Darren has nearly 20 years of experience in utility demand-side management programs. He has held a variety of positions throughout his career, including the management of SoCalGas’ energy efficiency policy and advocacy efforts. Darren holds a Bachelor of Science Degree in Business Finance and a Bachelor’s of Arts degree in International Relations from the University of Southern California.
Matthias Kurwig
CEO, Enervee
Matthias Kurwig is the Cofounder and CEO of Enervee, where he has spent the last 14 years driving the company’s mission to promote energy efficiency through innovative technology. Under his leadership, Enervee developed the patented Enervee Score and launched the Eco Financing program, making energy-efficient products more accessible and affordable. Before founding Enervee, Matthias was the COO Worldwide at Neo@Ogilvy, managing global operations for the digital media arm of WPP’s Ogilvy Group. With a background in founding and scaling successful digital businesses, Matthias is a recognized leader in digital marketing, e-commerce, and technology. His passion for energy efficiency continues to inspire his work, making a positive impact on consumers and the environment.
