The Iowa Economic Development Authority, in partnership with IAMU is planning on hosting a series of virtual meetings for IAMU members interested in Pay As You Save (PAYS) to ask their PAYS questions with representatives from utilities across the country with experience administering PAYS programs. This series of virtual meetings will provide an opportunity to ask local utility officials operating PAYS programs questions “peer-to-peer” about PAYS program design, implementation, benefits, and lessons learned.
 
If you are interested in participating in these virtual PAYS information meetings, please RSVP by emailing jgorrie@iamu.org
 
What is Pay As You Save?
“The Pay As You Save® (PAYS®) system enables utilities to invest in cost effective resource efficiency and renewables on the customer side of the meter and recover all of their costs. Participating customers have money-saving, resource-efficient upgrades installed with no up-front payment and no debt obligation. Those who benefit from the savings pay a tariffed charge on their utility bill, but only for as long as they occupy the location where the upgrades are installed. The monthly charge is always lower than the estimated savings and it remains on the bill for that location until the utility recovers its costs. While PAYS allows for payment over time, it does not involve any consumer loan obligation.” - Energy Efficiency Institute of Vermont, the founders of PAYS