NASEO’s David Terry Receives WHEEL Award from Renew Financial and the Energy Programs Consortium

NASEO Executive Director David Terry was honored with an award on Tuesday, September 15 as part of the NASEO 2015 Annual Meeting. The Energy Programs Consortium and Renew Financial recognized Mr. Terry for his support of the Warehouse for Energy Efficiency Loans, or WHEEL. WHEEL financing is designed to warehouse state and local home energy loans and sell them to investors in the secondary market. This year, WHEEL achieved the country’s first asset-backed securitization of unsecured residential energy efficiency loans, setting an important precedent in the potential to scale-up home energy programs and create additional revenue streams to support them. Since the launch of the WHEEL initiative in 2010, NASEO has committed resources and support to increase State Energy Office awareness of this important financing mechanism.