Now companies like yours can qualify for a 0% interest loan of up to $100,000. With that you can replace old and inefficient equipment with no up-front out-of-pocket investment. You’ll have up to 5 years for repayment – after that the benefits of new or improved equipment and reduced energy use are yours to enjoy.
Financing is available to fund many technologies, including lighting, HVAC, electric motors, LED street lights, refrigeration, food service equipment and water pumps. Your project may be eligible for Energy Efficiency Financing (EEF) if it qualifies for a rebate or incentive
through a PG&E program, including Customized Retrofit Incentives
, certain PG&E third-party programs
, the LED Street Light Program
or certain product rebate programs.
Beginning on November 19, 2013, PG&E will modify its Energy Efficiency Financing program, On-Bill Financing so that single end-use lighting measures shall comprise no more than 20% of the total loan amount for business customers, excluding institutional (government agency) customers. Targeted lighting measures will be exempt from this restriction. Targeted lighting is currently defined as LED retrofits and advanced lighting controls measures. For the OBF Program, only LED retrofit measures (such as LED integral lamps, LED retrofit kits, and LED fixtures), and lighting controls that exceed the requirements of Title 24 as of January 2014 will be exempt from the 20% cap at this time.
Loan funds must be used to purchase and install qualifying energy-efficient equipment. You may use a contractor or install the equipment yourself. PG&E will inspect your facility before you remove the old equipment, and again after the new products are operating.
Loan terms and monthly payment amounts are determined based on your estimated monthly savings from the new products. Business customers may qualify for loans between $5,000 and $100,000, with loan periods of up to 60 months. Government agencies may qualify for loans between $5,000 and $250,000 per PG&E meter, with loan periods of up to 120 months.