Funding Wizard

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®)

Financing Assistance offers lower-income consumers a low-interest loan and a vehicle price buy-down to purchase a new or used zero-emission, plug-in hybrid electric, or hybrid vehicle. Lenders are offered a loan loss reserve to mitigate their risk. 

The Clean Vehicle Assistance Program provides grants and affordable financing to help income-qualified Californians purchase or lease a new or used hybrid or electric vehicle. Our goal is to make clean vehicles accessible and affordable to all who qualify.

The Clean Vehicle Assistance Program is funded by California Climate Investments, a statewide initiative that puts billions of Cap-and-Trade dollars to work reducing greenhouse gas emissions, strengthening the economy and improving public health and the environment—particularly in disadvantaged communities.

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.

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.

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.

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 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 SCE On-Bill Financing (OBF) program offers qualified business customers 0% financing from $5,000 to $100,000 per Service Account (SA) for qualifying projects. All government and institutional customers (i.e. counties, cities, school districts, etc.) as well as multifamily property owners may receive $5,000 to $250,000 per SA. Government and institutional customers may also bundle SAs.

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 two consecutive 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.