Learn about the PG&E Energy Efficiency Financing program

To qualify for a loan, your business must have at least 24 months of continuous PG&E service and a strong energy statement payment history for the past 12 months. Contact your Business Representative or Business Customer Service.

Interest-free financing is available for many types of projects, including exterior and interior LED lighting, heating, ventilation and air conditioning (HVAC), electric motors, refrigeration, food service equipment and water pumps. The minimum project loan amount is $5,000. Loan terms and monthly payment amounts are based on the Customer’s estimated monthly energy savings from the retrofit project. Your project may be eligible for financing if it qualifies for a rebate or incentive through the following offerings:

• Rebates for your Business
• Customized Incentives for Energy Efficiency

Loan funds must be used to purchase and install qualifying energy-efficient equipment. You may use a contractor or install the equipment yourself, but the program will only finance costs directly related to equipment purchase price and installation charges.

To ensure that you have followed all necessary steps for financing, PG&E reserves the right to conduct pre- and post-facility and equipment inspections.

To be eligible for a loan, non-targeted end-use lighting such as linear fluorescent, high-intensity discharge (HID) and metal halide can make up no more than 20 percent of the total loan amount. This restriction does not apply to government agency customers.

Targeted lighting measures such as LED integral lamps, LED retrofit kits, LED fixtures and advanced lighting controls can make up to 100 percent of the total loan amount.

Loan terms and monthly payment amounts are based on the Customer’s estimated monthly energy savings from the retrofit project. Customers may qualify for loans between $5,000 and $250,000 per premises¹ and loan periods of up to 120 months.

^¹Premises is defined in PG&E’s Tariff under Rule 1: pge.com/tariffs/tm2/pdf/ELEC_RULES_1.pdf

^²The sum of the loan amounts for each customer premises shall not exceed two hundred and fifty thousand dollars ($250,000) except where, in PG&E’s sole opinion, unique opportunities to capture large energy savings exist and all other OBF loan program terms will be met, the sum of the loan amounts may exceed two hundred fifty thousand dollars ($250,000) up to a maximum of four million dollars ($4,000,000).

SAVINGS FROM PG&E REBATES

The following table shows how combining PG&E custom incentives and discount payments with an Energy Efficiency Financing interest-free loan can save your business energy and money.

If a business customer closes a PG&E account before the loan term ends—for example if a business closes or moves to a new location—the business must pay off its loan balance when the final bill is settled.

Business Customers are not able to combine multiple premises into a single project. Government Agency Customers that are utilizing OBF to complete comprehensive energy efficiency projects may be eligible to combine multiple premises for a single project. Each premises/location included in the project will be evaluated separately and must meet OBF funding requirements. In order to combine multiple premises into one project the following requirements must be met:

• There must be a single point of contact at the Government Agency Customer for PG&E billing inquiries for all of the premises included.
• The projects should be initiated and installed concurrently; the OBF loan will not be funded until the completion of all premises included in the project.