Finance Product Details
CEC Energy Efficiency Financing Program
Lender: CEC Energy Efficiency Financing Program
Website:
http://www.energy.ca.gov/efficiency/financing/
Email: pubprog@energy.ca.gov
Phone: (916) 654-4104
Email: pubprog@energy.ca.gov
Phone: (916) 654-4104
Product Description
The California Energy Commission's (CEC's) Energy Efficiency Financing Program offers loans of up to $3 million to public agencies to pay for energy feasibility studies and installation of energy saving measures. The interest rate is 1% for a term up to 20 years for cities, counties, special districts, public universities and colleges (except community colleges) and public care institutions. The loan requires the agency to pass a resolution to participate and to execute a promissory note with the CEC.
Miscellaneous Information
Projects with proven energy and/ or demand cost savings may be financed including pumps & motors, streetlights, LED traffic signals, water and wastewater treatment, and load shifting projects.
Availability of funding for this program varies. Check with the program for additional details.
Availability of funding for this program varies. Check with the program for additional details.
Verified by Lender on: 9/25/2015
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Property Types
Sponsor:
Financing Type
Unsecured
Financing & Payment Information
Rate (APR):
0% - 2%
Term (years):
1 - 20 years
Minimum Amount:
$1
Maximum Amount:
$3,000,000
Fees:
None
Down Pmt. Required:
No
Re-pmt. Method:
Off-bill loan (Direct to Lender)
Pmt Frequency:
Semi-Annual
Pre-pmt Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects
Projects with proven energy and/ or demand cost savings may be financed.
Funds other energy-related projects
Feasibility studies may be financed.
Other Program Requirements
Financing Approval Time
More than 48 hours
Equity in Property Needed
No
Other Variations of this product
CEC Energy Efficiency Financing Program
Property Types | |
Sponsor | |
Financing Type | Unsecured loan |
Term (years) | 1 - 20 year(s) year(s) |
Rate (APR) | Market Rate |
Min. Amount | $1 |
Max. Amount | $3,000,000 |
One-time Fees | No |
Ongoing Fees | No |
Description | The California Energy Commission's (CEC's) Energy Efficiency Financing Program offers loans of up to $3 million to public agencies to pay for energy saving measures. The interest rate is 0% for a term up to 20 years for school districts, charter schools, county offices of education, state specialist schools and community college districts. The loan requires the agency to pass a resolution to participate and to execute a promissory note with the CEC. |
Other Products By This Lender
Lender: California Energy Commission (CEC)
Contact Email: pubprog@energy.ca.gov
Contact Phone: (916) 654-4104