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.
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.
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.
Several participating finance companies will have financing products available in April of 2019, at which time SBF will be available in a limited scope. At this time, Energy Savings Measures (ESMs) may only qualify through the pre-qualified ESM list method.
Unfortunately, no. Through SBF, companies provide financing for energy efficiency and demand response measures and some offer financing for nonenergy measures or distributed generation. electric vehicle (EV) charging stations do not qualify for the program.
Distributed generation and storage such as solar panels and batteries may be financed, but finance companies will not receive a credit enhancement for that portion of their financing. As such, these installations may be financed at the discretion of the finance company.
Participating finance companies will usually pay contractors directly for their work and some offer pre-funding or progress payments for qualifying contractors. Please consult directly with the finance company to explore your options.
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.