Solar & Battery Regulation & Incentive Programs

California Enterprise Development Authority (Figtree PACE) - Statewide PACE Program

Program Overview

Category:: Financial Incentive
Program Type:: PACE Financing
Implementing Sector:: Local
State:: California
Eligible Storage Technologies:: Solar Water Heat, Solar Photovoltaics, Wind (All), Geothermal Heat Pumps, Fuel Cells using Non-Renewable Fuels, Water Heaters, Lighting, Lighting Controls/Sensors, Chillers, Furnaces, Boilers, Heat pumps, Air conditioners, Steam-system upgrades, Programmable Thermostats, Duct/Air sealing, Building Insulation, Doors, Motor VFDs, Wind (Small), Pool Pumps, Tankless Water Heater, Commercial Refrigeration Equipment
Website:: http://www.figtreecompany.com/
Terms:: Minimum Financing: $5,000
Interest Rate: Up to 7.99%, fixed over useful life of improvements, up to 20 years.
Administrator:: FIGTREE Energy Financing
Applicable Sectors:: Commercial, Multifamily Residential
Last Updated:: 01/13/2016

Summary

FIGTREE Energy Financing is administering a Property Assessed Clean Energy (PACE) financing program in a number of California cities and counties through a partnership with the Pacific Housing & Finance Agency (PHFA) and the California Enterprise Development Authority (CEDA). PACE programs allow property owners to borrow money for energy improvement projects which are repaid through their property taxes. A number of energy efficiency and renewable energy technologies can be financed through FIGTREE's PACE program. Residential and commercial properties which meet the program's criteria, and are located in one of the participating cities or counties are eligible. Full details of the program and a list of the participating cities and counties are available at the web site above.