Finance Product Details
Sonoma County Energy Independence Program (SCEIP)
Lender: Sonoma County Energy Independence Program (SCEIP)
Verified by Lender on: 2/17/2016
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Property Types
Sponsor:
Financing Type
Financing & Payment Information
Rate (APR):
Market Rate
Term (years):
years
Minimum Amount:
$0
Maximum Amount:
N/A
Fees:
Ongoing fees
Down Pmt. Required:
No
Re-pmt. Method:
Unknown
Pmt Frequency:
Pre-pmt Penalty:
No
Allowable Projects
Other Program Requirements
Financing Approval Time
Equity in Property Needed
No
Other Variations of this product
Sonoma County Energy Independence Program (SCEIP)
Property Types | ||
Sponsor | ||
Financing Type | Property Assessment | Property Assessment |
Term (years) | 10, 20 year(s) | 10, 20 year(s) |
Rate (APR) | 6% - 8% | 6% - 8% |
Min. Amount | $2,500 | $2,500 |
Max. Amount | 10 % of property value | 10 % of property value |
One-time Fees | No | No |
Ongoing Fees | $41 | $41 |
Description | Sonoma County's Energy Independence Program (SCEIP) is a PACE financing program offered by the County that allows commercial property owners to finance up to 100% of the cost of installing energy efficiency, water-saving or renewable energy improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 20 years. | Sonoma County's Energy Independence Program (SCEIP) is a PACE financing program offered by the County that allows residential property owners to finance up to 100% of the cost of installing energy efficiency, water-saving or renewable energy improvements that are permanently fixed to their property. Financing is repaid annually via the property tax bill over the course of up to 20 years. |