Law360, New York (February 8, 2013, 2:22 PM EST) -- Many financial institutions are trying to figure out ways to invest significant amounts of capital in energy efficiency as government incentives expire for renewable energy. Because it is often less expensive to avoid consuming a megawatt of energy by increasing efficiency than to build the generating capacity necessary to produce the same megawatt, energy efficiency investments promise attractive financial returns.
However, there are several obstacles to such investments.
One obstacle is the high upfront capital costs. More efficient equipment is often more expensive than less...