Financing Options

Public agencies

PG&E 0% On-Bill Financing

PG&E finances the capital expenditure, and the building owner repays PG&E through a line item on the utility bill. Amount available per meter: $5,000 to $250,000 for a maximum of $1 million per agency. The loan must be repaid within 10 years. The interest rate is 0%, and there is no transaction fee. This funding is only available for energy efficiency projects that are rebated by PG&E. Funds can't be used for PV installations or demand response projects.

California Energy Commission 0% and 1% Loans

These loans must be paid back within a maximum timeframe of 15 years.  Loans can fund any energy-saving project, including renewables. Up to $3 million per agency is available, although the program tends to be oversubscribed. Public school districts can borrow at 0%, other public agencies can borrow at 1%. If you're interested in applying for this loan call 650-599-1403 to discuss the application process.

Revolving Loans

Cities develop a fund that can be used to finance energy projects at municipal facilities. The fund is replenished through savings on energy bills. This funding could be used for small- and medium-sized projects that have long payback periods or would otherwise not be attractive to outside financing programs. For more information, see this report from National Renewable Energy Laboratory.

More Options

The Environmental Protection Agency has developed this Guide to Clean Energy Financing.  

Businesses and Non-Profits

PG&E 0% On-Bill Financing

PG&E finances the capital expenditure, and the building owner repays PG&E through a line item on the utility bill. Amount available per meter: $5,000 to $100,000. The loan must be repaid within 5 years. The interest rate is 0%, and there is no transaction fee. This funding is only available for energy efficiency projects that are rebated by PG&E. Funds can't be used for PV installations or demand response projects. 

Property Assessed Clean Energy (PACE) Financing

Commercial property owners have the option to repay building upgrades through property taxes. Learn more about PACE financing for commercial properties from the Bay Area Regional Energy Network. Or to find a PACE financing company that your city has approved to work in your community, search this map from the Center for Sustainable Energy.

Homes

Contact the Bay Area Regional Energy Network for information about financing options.

Homeowners can also pay for retrofits over time on their property tax bills with Property Assessed Clean Energy (PACE) financing. To find a PACE financing company that your city has approved to work in your community, type your zip code into this map from the Center for Sustainable Energy.

The State of California and PG&E provide several financial assistance programs to assist with weatherization, energy efficient measures, medical baseline rates and rate reductions for both renters and homeowners.