City of Palo Alto Utilities (CPAU) provides 0% loans to business and non-profit customers to offset the need for upfront energy efficiency investments in qualifying facilities. Loans are only provided to electric customers and natural gas projects do not qualify. Members have up to 5 years to repay loans, however repayment timelines are based upon the simple payback of the implemented measures. Loans from $5,000 -$50,000 are available for qualifying projects. Projects must also qualify for CPAU rebates which count against the total loan amount. Loans are available for lighting, HVAC, refrigeration, VFD's, insulation, steam upgrades, appliances, commercial cooking equipment and other measures. More information, including a list of qualifying measures and forms, can be found on the website listed above.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | California |
| Incentive Type: | Loan Program |
| Web Site: | http://www.cityofpaloalto.org/gov/depts/utl/business/rebates/zerointerest.asp |
| Administrator: | Utility Marketing Services |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: | $50,000 |
| Loan Term: |
Rate: 0% Repayment: Up to 60 months |
| Name: | City of Palo Alto Utilities |
| Organization: | City of Palo Alto Utilities |
| Address: |
250 Hamilton Avenue Palo Alto CA 94301 |
| Phone: | (866) 716-9400 |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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