SCE - Non-Residential On-Bill Financing Program (California)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||SCE - Non-Residential On-Bill Financing Program|
|Incentive Type||Utility Loan Program|
|Applicable Sector||Agricultural, Commercial, Fed. Government, Industrial, Institutional, Local Government, Multi-Family Residential, Nonprofit, Schools, State Government, Tribal Government|
|Eligible Technologies||Custom/Others pending approval|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount|| 5,000 minimum
|Start Date|| 2010-08-02
|Maximum Incentive|| Taxpayer Funded Institutions: up to $250,000/meter with 5 year max payback |
Non-Institutional Customers: up to $100,000/meter with 5 year max payback
|Terms|| Rate: 0% financing |
Repayment: Tax Payer Funded Institutions: up to 10 years; Business Customers: up to 5 years
The SoCalGas On-Bill Financing (OBF) program offers qualified business customers 0% financing from $5,000 to $100,000 per meter for qualifying natural gas equipment. All institutional customers (i.e. counties, cities, school districts, etc.) may receive $5,000 to $250,000 per meter, and State of California can borrow up to $1,000,000 for one service account.
The program is open to all non-residential customers, including owners of multi-family units who do not live on premises. Participants must have had an active account for the past two years and good credit standing as determined by the Utility. The funds may be used for a wide variety of efficiency improvement projects, and the monthly loan payments will be added directly to the customer's bill. Monthly energy savings help to offset the monthly loan charges. Review the program web site for additional information.
|Contact Name||Program Administrator - SCE|
|Address||Southern California Edison Business Incentives and Services|
|Address 2||P.O. Box 300|
|Phone|| (800) 736-4777
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.