Owners of any residential property are eligible for the REEL program, as are renters at the discretion of the lender and with the property owner’s permission. Customers may upgrade a single-family home, townhome, condo, duplex, triplex, fourplex or manufactured home. And, with REEL, renovations for up to four units can be bundled into the same loan.
Western Riverside Council of Governments (WRCOG) is offering business owners in WRCOG participating jurisdictions an opportunity to finance energy and water efficiency projects for their commercial properties. The HERO Commercial Program is a Property Assessed Clean Energy (PACE) financing program.
The CaliforniaFIRST Program is a Property Assessed Clean Energy (PACE) financing program for non-residential properties. PACE programs allow property owners to finance the installation of energy and water improvements on their buildings and to pay the amount back through their property taxes. CaliforniaFIRST is available to commercial, industrial, agricultural, and multi-family (over 5 units) buildings in one of the 120 participating cities or the unincorporated parts of the 14 participating counties.
The Federal Housing Financing Agency issued a statement in July 2010 that was critical of PACE programs. Many PACE programs, including Sonoma County's, were temporarily suspended in response to the statement, waiting for further direction from the federal agency. At their July 13 Board meeting the Sonoma County Board of Supervisors elected to re-open this program. Sonoma County's Energy Independence Program gives property owners the option of financing energy efficiency, water efficiency and renewable energy improvements through a voluntary assessment on their property tax bills.
Anaheim Public Utilities offers low-cost financing for energy efficiency measures through State Assistance Fund for Enterprise, Business and Industrial Development Corporation (SAFE-BIDCO). Under this program, Anaheim customers can obtain low-interest loans with no application fees or points.
The Southern California Gas Company (SoCalGas) offers The Home Energy Upgrade Financing (HEUF) program to its residential customers interested in making energy efficient improvements to their homes. Customers can qualify for loans ranging from $2,500 to $20,000 to purchase and install energy-efficient upgrades. Terms range from one to twelve years.
Burbank Water and Power (BWP) offers the Business Bucks Grant Program to its small and mid-sized business customers for installation of energy efficient equipment. Businesses with monthly electricity costs in the range of approximately $100 to $3,000 are eligible for this program. Interested customers must call Richard Heath and Associates (RHA) in order to schedule a comprehensive energy and water survey. Businesses can select recommendations they would like to install and BWP's certified installers will conduct that work at the facility.
The Home Energy Renovation Opportunity (HERO) Program is a Property Assessed Clean Energy (PACE) financing program. PACE programs allow homeowners to finance energy improvements, and to repay the financing through special assessments on their property taxes. In most cases the property tax assessment will stay with the property if it is sold, though the buyer's lender may impose restrictions on the transfer.
GreenFinanceSF is a Property Assessed Clean Energy (PACE) financing program for commercial properties. GreenFinance SF uses an "open-market" PACE model in which individual property owners identify their own project lenders and negotiate all the financing terms with them. The City collects loan repayments from the participant through a special tax lien on the property and disburses payment to the project lender.