Reducing energy consumption and improving energy efficiency in our homes and businesses is always a smart investment; saving us time, energy and money over the long run. Now, paying for upgrades is so much easier with the availability of existing and upcoming financing programs.
State-backed Financing Options for Home or Business
The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) is working with the California Public Utilities Commission, investor‐owned utilities, and others, to develop new energy efficiency financing programs. The programs eliminate upfront costs, which for many Californians interested in undertaking energy efficiency projects, initial costs are a major barrier. Additionally, the programs are also being designed to meet the needs of customers that may not wish to, or be able to participate in more traditional loan programs.
To learn more, please visit gogreenfinancing.com.*
Residential Energy Efficiency Loan (REEL) Program
Increasing your home’s energy-efficiency and comfort is now easier than ever to afford. The REEL program offers a variety of financing options to owners and renters in the market to purchase energy-efficiency products and upgrades. Eligible properties include single family homes, condominiums, townhomes, and 1-4 unit properties.
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Small Business Financing Program
By offering attractive financing rates, the small business financing program was developed to encourage investment in beneficial energy efficiency projects. In addition to offering attractive financing, the program is also designed to combine financing with all available and applicable energy rebates and other incentives. The program will be available to non-profits and government entities.
For Master-Metered, Multi-Family Properties
Energy-efficient rentals are not only attractive to perspective tenants, but they also offer overall time and money savings to owners. Financing options are available to property owners seeking to update energy inefficient master-metered, multifamily properties.