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Finance Product Details

Energy Efficient Equity (E3)
Lender: Energy Efficient Equity (E3)
Product Description
Energy Efficient Equity (E3) offers homeowners in participating communities funding for energy efficiency, renewable energy and water efficiency improvements that are permanently fixed to the property. Financing is repaid annually via the property tax bill over the course of up to 25 years. E3 is a public/private financing program with California Municipal Finance Authority (CMFA), E3 and your city or county.
Miscellaneous Information
Multifamily properties with up to 3 units are eligible.

To access a list of approved contractors, visit www.energyefficientequity.com/contractors/
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Verified by Lender on: 7/26/2017
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Property Types
Sponsor:
California Municipal Finance Authority (CMFA)
Financing Type
PACE
Financing & Payment Information
Rate (APR):
4.99% - 8.48%
Term (years):
5 - 30 years
Minimum Amount:
$5,000
Maximum Amount:
15 % of property value
Fees:
One-time fees, Ongoing fees
Down Pmt. Required:
No
Re-pmt. Method:
Property Taxes (PACE)
Pmt Frequency:
Annual
Pre-pmt Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects
Electric vehicle charging stations and energy storage.
Funds other energy-related projects
PACE can finance all costs related to the development of the project. This can include program fees, audit costs, engineering,
Funds other non-energy projects
Structure strengthening, safety retrofits and seismic improvements.
Other Program Requirements
Contractors
Must be program-approved
Financing Approval Time
Immediate
Equity in Property Needed
Yes