Funding Wizard

Loans enrolled in the On-Road Heavy-Duty Vehicle Air Quality Loan Program can be used to finance heavy-duty trucks and buses (over 14,000 GVWR) equipped with engines certified to specified engine emission standards for 2007 and newer model year engines, and diesel exhaust retrofits. The California Capital Access Program (CalCAP) together with the California Air Resources Board may provide up to 100% coverage on certain loan defaults.

The Residential Energy Efficiency Loan (REEL) program was designed to help California homeowners and renters access affordable financing for energy efficiency projects.

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.

Eligibility requires that the property receive electric or natural gas service from Pacific Gas and Electric Company (PG&E®), San Diego Gas & Electric Company (SDG&E®), Southern California Edison (SCE®) or Southern California Gas Company (SoCalGas®). For complete program rules and regulatory information, please reference the REEL Program Regulations+.

Reduce before you produce! The REEL program prioritizes energy reduction (through energy efficiency) over energy production. At this time, lenders are not offering solar loans through the REEL program.

With different lenders and loan options, there’s a REEL solution for your home improvement needs.

The SoCalGas On-Bill Financing (OBF) program offers qualified business customers as well as multi-family residential owners 0% financing from $5,000 to $100,000 per meter for qualifying natural gas equipment. All institutional customers (i.e. counties, cities, school districts, etc.) as well as low-income multifamily owners may receive $5,000 to $250,000 per meter, and State of California can borrow up to $1,000,000 for one service account.

The program is open to all non-residential customers, including owners of multi-family units who do not live on premises. Participants must have had an active account for the past two years and good credit standing as determined by the Utility. The funds may be used for a wide variety of efficiency improvement projects, and the monthly loan payments will be added directly to the customer's bill. Monthly energy savings help to offset the monthly loan charges.  Review the program web site for additional information.

PG&E offers 0% interest loans for replacing old and worn-out equipment with more energy-efficient models. We'll set you up with a loan repayment amount that is in line with the monthly energy savings from your upgrade. Your energy bill shouldn't increase due to your equipment investment. Once your loan is paid off, you will see savings on your bill.

Loans range between $5,000 and $4,000,000 per premise, with loan periods of up to 120 months.

In some circumstances, GoGreen Business Financing for small businesses might be a better option:

• An expedited installation.
• A loan of less than $5,000.
• Project requires longer payback (i.e., windows, rooftop HVAC).

The Affordable Multifamily Financing program targets multifamily properties where at least 50% of the units are income restricted.

Like all of the programs highlighted on GoGreen Financing, the Affordable Multifamily Financing program is designed to encourage growth in private market lending and features a credit enhancement to help financing entities mitigate risk. It is designed to leverage and complement existing state and utility efforts to encourage affordable multifamily properties to install energy efficiency retrofits.

Property must receive electric and/or gas service from any of the following investor-owned utilities (IOU):

• Pacific Gas and Electric Company (PG&E®)
• San Diego Gas & Electric Company (SDG&E®)
• Southern California Edison (SCE®)
• Southern California Gas Company (SoCalGas®)

The Small Business Financing (SBF) program offers affordable options to help California businesses shrink their energy bills and carbon footprints.

Administered by the State of California with support from the state’s investor-owned utilities, the SBF program is a flexible way to upgrade your business and save.

Program benefits

•  Finance 100% of project costs
•  Broad list of qualifying measures
•  Financing may be used for non-energy upgrades
•  Finance a simple replacement or a comprehensive building upgrade
•  Quick approval
•  Attractive terms

PG&E is providing 0% loans for energy efficiency projects pursued by their non-residential customers. Financing is available to fund many technologies, including lighting, HVAC, electric motors, LED street lights, refrigeration, food service equipment and water pumps. Projects may be eligible for for financing if it qualifies for a rebate or incentive through a PG&E program.

Loan funds must be used to purchase and install qualifying energy-efficient equipment. Customers may use a contractor or self-install the equipment. PG&E will inspect the facility before the old equipment is removed, and again after the new products are operating.

Loan terms and monthly payment amounts are determined based on the equipment's estimated monthly savings. Business customers may qualify for loans between $5,000 and $100,000, with loan periods of up to 5 years. Government agencies may qualify for loans between $5,000 and $4,000,000 per PG&E meter, with loan periods of up to 10 years.

Whether you want to reduce energy usage, improve the comfort and health of your home or business, or just want to “go green,” you can find the solution you need. GoGreen Financing serves three broad property types:

• Residential
• Affordable Multifamily
• Business

The California Public Utilities Commission authorized the California investor-owned utilities (PG&E®, SDG&E®, SCE® and SoCalGas®) to collaborate with certain state agencies in the development of energy efficiency financing programs and to assist in building awareness about them. Consumers are encouraged to explore lending options for the financing of energy improvements that can make homes and businesses more efficient and comfortable.