Are there any requirements to prove or guarantee energy savings?

Submitted by Jack Ulrich on Wed, 03/06/2019 - 19:48
Measures qualifying using the pre-qualified ESM list method only need to meet any requirements indicated in the list under the measure name. Measures qualifying for an IOU custom incentive automatically qualify for the program. For measures qualifying by the professional certification method, the Certified Energy Manager or Professional Engineer who is certifying the measures must provide an estimate of energy savings. This is not a guarantee but a good-faith estimate of savings based on accepted industry practices.

Is participation in utility programs required?

Submitted by Jack Ulrich on Wed, 03/06/2019 - 19:48
No. While any measure which receives a rebate or incentive from an IOU, REN or CCA automatically qualifies as an Energy Saving Measure (ESM) for the SBF program, participation in utility programs is not required. If desired, OBF financing may be paired with SBF financing to finance components of projects that qualify for SBF, but not OBF.

What is the full program launch in August?

Submitted by Jack Ulrich on Wed, 03/06/2019 - 19:47

Full program launch is scheduled for August, 2019. In August, the SBF program will feature more financing companies with more products, allow for all three measure qualification methods and a web-based interface to submit program data. The program will be marketed to small business owners and participating contractors will be listed on the GoGreen Financing website for small business owners to contact and initiate projects.

How is SBF different from On Bill Financing (OBF)?

Submitted by Jack Ulrich on Wed, 03/06/2019 - 19:43
OBF is administered by the utility companies and the financing comes from ratepayer funds. SBF is administered by the State of California and the financing comes from private financing companies. Because financing through SBF is provided by private companies, customers will need to pay interest or financing charges in contrast to the 0% interest rate offered by OBF.
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