Cities, counties, public care institutions, public hospitals, public schools and colleges, and special districts in California can apply for low-interest loans from the California Energy Commission for energy efficiency projects in their buildings and facilities. Residential and commercial projects and non-profit institutions are not eligible for these funds.
Entities eligible for 0% loans include:
Entities eligible for 1% loans include:
There is no minimum loan amount, but the maximum loan amount per application is $3 million. The loan term cannot exceed the useful life of loan-funded equipment, and will be determined on a case-by-case basis based on the estimated annual energy cost savings from the projects. The exact loan term will be determined such that the energy savings will cover the loan payments.
For a project to be considered, it must have proven energy savings and meet the eligibility requirements of the loan program. Examples of projects include:
Full details and application packets are available at the web site above.
|Incentive Type:||Loan Program|
|Administrator:||California Energy Commission|
|Eligible Renewable/Other Technologies:||Solar Photovoltaics,Combined Heat & Power,Lighting,Lighting Controls/Sensors,Chillers,Furnaces,Boilers,Heat pumps,Air conditioners,Energy Mgmt. Systems/Building Controls,Building Insulation,Motors,Custom/Others pending approval,Other EE,Wind (Small),Other Distributed Generation Technologies|
|Maximum Loan:||$3 million|
|Loan Term:||Loans must be repaid from energy cost savings within 20 years, including principal and interest|
|Interest Rate:||0% - 1%|
|Name:||Local Assistance and Financing Office|
|Organization:||California Energy Commission|
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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