Financing
Enabling financing for energy efficiency is critical to achieve the scale of intervention needed to address current and future grid needs. Unfortunately, large capital providers are not interested when they must incur the transaction costs of engaging with individual projects. Our portfolio approach addresses this problem by creating a single investment product that finance companies can engage with. This allows us to provide rebates to projects upfront, enabling participants to capture the benefits of upfront capital without extensive underwriting.
In addition to providing upfront rebates, we can also provide financing for the customer’s cost for the project. Our loans are backstopped by the State of California, so eligibility and terms are much better than market rates and almost all customers can qualify. This financing can be combined with rebates to create a very strong value proposition.
Nearly all projects are eligible.
APR as low as 0% (can be set to customer’s buying criteria).
Terms up to 10 years.
Customers finance projects directly with our vetted lenders.
Min $25,000, Max $5MM.
Progress payments are available.
Simple Paperwork:
Credit application (1 page, 1 day approval)
Financing contract (1 page)