Shared Savings

Shared Savings allows business and agricultural customers to implement energy efficiency measures without any up-front costs through project financing provided by Alliant Energy. Alliant begins the process by working with customers to identify and evaluate energy saving projects and technologies. After customer installation, Alliant is paid over a multi-year period for the cost of the projects through installments on customers' energy bills.

The financing provided is at below market rates due to the contribution of funds from a conservation escrow account, which all customers pay into. Customer repayment includes the project costs, financing, and an administrative fee of 3 percent. Monthly savings almost always exceeds or equals monthly payments; occasionally customers are reimbursed for savings not achieved. Overall project payments are typically three to five years. Less than 1 percent of projects have had collections-related problems.

The program goals are primarily resource acquisition oriented.

Program Profile