California cities, counties, public schools and universities, special districts, and public care hospitals and institutions are eligible to apply.
Loans for energy projects must be repaid from energy cost savings within 15 years, including principal and interest (approximately 13 years simple payback). Simple payback is calculated by dividing the dollar amount of the loan by the anticipated annual energy cost savings.
A large variety of energy saving projects can be financed with these loans, including:
Streetlights and LED traffic signals;
Water and waste water treatment equipment; and
Heating, ventilation and air conditioning equipment.
Applications are available on CEC’s website.
For questions, please call the Special Projects Office at (916) 654-4104 or email the office.