|Incentive Type:||Utility Loan Program|
|Eligible Efficiency Technologies:||Custom/Others pending approval|
Rate: 0% financing
Repayment: Tax Payer Funded Institutions: up to 10 years; Business Customers: up to 5 years
Eligibility: SoCalGas customer in good standing for at least two years who have received a rebate or incentive through another SoCalGas energy efficiency program.
|Incentive Amount:||5,000 minimum|
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.