California Energy Commission (CEC):
Interest Rate 1% Loan Financing for Energy Efficiency & Energy Generation Projects
Deadline: Applications are funded on a first-come, first-served basis until funding is exhausted Amount: Maximum loan amount of $3 million per applicant
Financing Terms: Loans must be repaid from energy cost savings or other legally available funds within a maximum term of 20 years (including principal and interest).
Eligibility: Cities, Counties, Specials Districts, Public Colleges or Universities
The CEC is offering loans financing for energy efficiency and energy generation projects for Public Agencies. Projects with proven energy and/or demand cost savings are eligible, provided they meet the ECAA eligibility requirements. Projects already funded with an existing loan or already installed are ineligible.
Examples of Qualified Projects include the following: • Lighting systems • Heating, ventilation and air conditioning equipment • Streetlights and LED traffic signals • Energy management systems and equipment controls • Pumps and motors • Building envelope and insulation • Energy generation including renewable energy and combined heat and power projects • Water and waste water treatment equipment.
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