Financing for nonresidential energy efficiency projects

The Nonresidential program will be available to:

  • for-profit businesses
  • non-profit organizations
  • public entities

Like all of the programs highlighted on GoGreen Financing, the Nonresidential program is designed to encourage growth in private market lending. The program will bring attractive financing for building energy efficiency, distributed generation and demand response projects to be repaid on the utility bill. The flexibility of this program allows the combination of financing with energy company rebates and other incentives.

Note that finance companies and contractors who serve smaller for-profit businesses and non-profit organizations may be interested in the Small Business program

Qualifying projects

At least 70% of the financed amount must be Energy Savings Measures, demand response or distributed generation. Up to 30% of the financed amount may fund non-energy efficiency improvements.

Financial products supported

Loans, leases, equipment finance agreements, energy service agreements

Properties

Owned or leased property must receive electric and/or gas service from any of the following energy companies:

  • Pacific Gas and Electric Company (PG&E®)
  • San Diego Gas & Electric Company (SDG&E®)
  • Southern California Edison (SCE)
  • Southern California Gas Company (SoCalGas®)

Repayment

Repayment occurs through the utility bill

Benefits for customers

  • Pay for energy efficiency upgrades through energy bill savings
  • Both tenants and property owners are eligible
  • Broad list of measures qualify for financing
  • Multiple paths to measure eligibility allow projects to be simple or highly customized
  • Flexible financing includes non-energy improvements
  • Complements on-bill financing (OBF) and commercial PACE

Benefits for finance companies

  • Offer an attractive, on-bill repayment option to your customers
  • Partner with the State of California and the State's energy companies to reach more customers
  • Take advantage of a statewide marketing campaign and expand your reach in California

Benefits for contractors or ESCOs

  • Grow your business by offering customers attractive financing to complete energy efficiency upgrades
  • Broad list of measures qualify for financing. Multiple paths to eligibility allow projects to be simple or highly customized
  • Complements on-bill financing (OBF) or commercial PACE
  • Take advantage of a statewide marketing campaign
  • Online interface allows for easy project entry and rapid qualification

Anticipated start date

This program is currently under development. The program is planned for launch in 2019.

For more information

For more information on the Nonresidential program, please contact:

Jonathan Verhoef
jverhoef@sto.ca.gov

large commercial energy efficiency