Pay as You Save or Save As You Pay? An evaluation of on-bill financing models for energy efficiency improvements
This thesis aims to shed light on the impact of the so-called Pay as You Save® (PAYS ®) or on-bill programmes for energy efficiency improvements in the building sector. These programmes are based on an innovative financing model that was developed to overcome several barriers to the up-take of energy efficiency measures by households and businesses. From the consumer’s side, these barriers include