|Incentive Type:||Utility Loan Program|
|Eligible Efficiency Technologies:||Comprehensive Measures/Whole Building, Custom/Others pending approval, Yes; specific technologies not identified|
Rate: 0% financing
Repayment: Tax Payer Funded Institutions: up to 10 years; Business Customers: up to 5 years
To be eligible, should be an SDGandE customer in good standing for at least two years and receive a rebate or incentive through another SDGandE energy efficiency program.
General Minimum Loan Amount: 5,000/meter minimum
Non-Institutional Customers: up to 100,000/meter with 3 to 5 year max payback
Taxpayer Funded Institutions: up to 250,000/meter with 10 year max payback
State of California: up to 1,000,000 with 10 year max payback
The SDG&E 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 may receive from $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.