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Sustainable Energy Bond Program
Lender: Sustainable Energy Bond Program
Product Description
Under the Sustainable Energy Bond Program, qualified public agencies, hospitals, schools and non-profits can finance energy projects through tax-exempt bonds issued by California Statewide Communities Development Authority (CSCDA). Through the program, public agencies contract with a pre-qualified Energy Service Company (ESCO) to complete energy and water conservation measures. The ESCO identifies potential energy projects, complete the projects and provide an energy savings guarantee which ensures that all project costs are fully paid with no upfront capital costs.
Miscellaneous Information
Risk is mitigated through the execution of a Guaranteed Savings Agreement.
Verified by Lender on: 9/22/2015
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Property Types
Foundation for Renewable Energy and Environment
Financing Type
Financing & Payment Information
Rate (APR):
0.35% - 5.17%
Term (years):
1 - 20 years
Minimum Amount:
$500,000 +
Maximum Amount:
One-time fees
Down Pmt. Required:
Re-pmt. Method:
Off-bill lease (Direct to Lender)
Pmt Frequency:
Pre-pmt Penalty:
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects
Funds other energy projects as determined by the ESCO's energy audit
Funds other energy-related projects
Soft costs such as, feasibility studies, engineering and architectural fees and building permits may be financed.
Other Program Requirements
Must be program-approved
Financing Approval Time
More than 48 hours
Equity in Property Needed