Solar & Battery Regulation & Incentive Programs

SoCalGas - Non-Residential On-Bill Financing Program

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
California
Eligible Storage Technologies:
Custom/Others pending approval, Yes; specific technologies not identified
Website:
http://www.socalgas.com/for-your-business/rebates/zero-interest.shtml
Maximum Loan:
Business and Multi-Family: $100,000/meter
Institutional Customers and Low-income Multi-family: $250,000/meter
State of California: $1,000,000
Loan Term:
Business and Multi-Family: 5 years
Institutional Customers and Low-Income Multi-Family: 10 years
State of California: 15 years
Interest Rate:
0%
Administrator:
Southern California Gas Company
Applicable Sectors:
Commercial, Industrial, Local Government, Nonprofit, Schools, State Government, Federal Government, Tribal Government, Agricultural, Multifamily Residential, Institutional
Last Updated:
04/04/2019

Summary

The SoCalGas On-Bill Financing (OBF) program offers qualified business customers as well as multi-family residential owners 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.) as well as low-income multifamily owners 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.