Finance Options

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  • Energy Project Lease Financing is designed specifically for public agencies throughout California to fund energy efficiency projects.  Agencies are extended low interest rates and terms up to 15 years. This loan is offered through private lenders and may be used in conjunction with other utility or public financing, rebates and incentives. Minimum loan is $250,000, however multiple projects can be bundled under a single loan. For more information click here.

  • On-Bill Financing allows public agencies to finance energy projects with zero interest and pay back the loan as part of their utility bill over a 10-year period. Agencies using this program may also receive additional incentives such as rebates from their utilities.

  • California Energy Commission Energy Efficiency Financing offers loans of up to $3 million to cities, counties, colleges, universities and K-12 schools to pay for energy feasibility studies and installation of energy saving measures. The interest rate is 1 percent for a term up to 20 years. The availability of funding for this program varies from time to time. Please check with the CEC for more information.

  • Revolving Loan Fund is an internal pool of money that may be set up by the public agency to finance energy efficiency projects. Utility bill savings from financed projects replenish the pool of money allowing additional projects to be financed. Several municipalities in California are using this form of sustainable financing to successfully implement new and future projects. We can help you establish a revolving fund and develop procedure tools for the fund.

  • Other Options
    SoCalREN can help you identify and assess other sources of funding.

 financing decision tree 3-12-15

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