California

Incentives/Policies for Renewables & Efficiency

Energy Efficiency Financing for Public Sector Projects

Last DSIRE Review: 11/01/2012

Program Overview:

State:	California
Incentive Type:	State Loan Program
Eligible Efficiency Technologies:	Lighting, Lighting Controls/Sensors, Chillers , Furnaces , Boilers, Heat pumps, Central Air conditioners, CHP/Cogeneration, Energy Mgmt. Systems/Building Controls, Building Insulation, Motors, Custom/Others pending approval, Heating and air conditioning modifications
Eligible Renewable/Other Technologies:	Photovoltaics, CHP/Cogeneration, Other Distributed Generation Technologies
Applicable Sectors:	Schools, Local Government, Institutional
Maximum Incentive:	$3 million
Terms:	1% interest rate Loans must be repaid from energy cost savings within 15 years, including principal and interest
Program Budget:	Over $20 million
Web Site:	http://www.energy.ca.gov/efficiency/financing/index.html

Summary:

Cities, counties, public care institutions, public hospitals, public schools and colleges, and special districts in California can apply for low-interest loans from the California Energy Commission for energy efficiency projects in their buildings and facilities. Residential and commercial projects and non-profit institutions are not eligible for these funds.

There is no minimum loan amount, but the maximum loan amount per application is $3 million. The loan term cannot exceed the useful life of loan-funded equipment, and will be determined on a case-by-case basis based on the estimated annual energy cost savings from the projects. The exact loan term will be determined such that the energy savings will cover the loan payments.

For a project to be considered, it must have proven energy savings and meet the eligibility requirements of the loan program. Examples of projects include:

Lighting systems
Pumps and motors
Streetlights and LED traffic signals
Energy management systems and equipment controls
Building insulation
Energy generation including renewable energy and combined heat and power projects
Heating, ventilation and air conditioning equipment
Waste water treatment equipment
Load shifting projects, including thermal energy storage

Full details and application packets are available at the web site above.

Contact:

Special Projects Office
California Energy Commission
Phone: (916) 654-4104
E-Mail: pubprog@energy.state.ca.us

Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

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