Unsecured
Back to Find Financing
Print Preview >
On-Bill Finance
On-Bill Finance
Program Description
On-Bill Financing provided by Pacific Gas & Electric (PG&E) offers a zero-interest unsecured loan for the installation of qualified energy-efficient equipment. It allows eligible customers to make payments as part of a line item on their utility bill. Those who take advantage of this program must also apply for and receive incentives and/or rebates. See the program website for additional details.
Verified by Lender on: 08/06/2015
Types of Financing
Financing & Payment Information
Term (years):
5, 10
Minimum Amount:
$5,000
Maximum Amount:
$250,000
Fees:
None
Money Down Required:
No
Repayment Method:
On-Bill financing
Payment Frequency:
Monthly
Pre-Payment Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Other Program Requirements
Financing Approval Time
More than 48 hours
Equity in Property Needed
No
Financial Products
| Lien type | Unsecured loan | Unsecured loan |
| Re-Payment Method | On-Bill financing | On-Bill financing |
| Property Types | ||
| Automatic payment option available | Yes | Yes |
| Requires utility incentive program participation | Yes | Yes |
| Must use Program's pre-approved contractors | No | No |
| One-time fees (% of total financing) | No | No |
| One-time fees (fixed) | No | No |
| Ongoing fees | No | No |
| Financing Amount | $5,000 - $250,000 | $5,000 - $250,000 |
| Financing Term (yrs.) | 5 year(s) | 10 year(s) |
| Rate | 0% | 0% |
| Money Down Required? | No | No |
| Credit Enhancement Available | None | None |
| Transferrable | No | No |
| Prepayment Penalty or Fee | No | No |
| Tax Deductibility | No | No |
| Minimum Credit Score Required | No | No |
| Equity in Property Required | No | No |
| Debt to Income Ratio Required | No | No |
| Involuntary Property Liens Allowed | Yes | Yes |
| Foreclosures Allowed | N.A. | N.A. |
| Bankruptcies Allowed | N.A. | N.A. |
| Mortgage Lender Consent/ Acknowledgement | No | No |
| Must be current on property taxes | No | No |
| Must be current on mortgage | No | No |
| Loan to value | No | No |
| Debt Service Coverage Ratio | No | No |
| Financing Approval Time | more than 48 hours | more than 48 hours |
| Projected Energy Savings/Cash Flow is considered | Yes | Yes |
| Must be current on utility bill | Yes | Yes |
Upgrades Covered
No Results
FAQ's
Through our Contractor Marketplace, you can search for contractors and find the right fit for your project. You find out details about the contractor such as what types of certifications they have and where they are located. You can also directly find reviews when available. From there it is easy to connect and get started with your projects. A quality installation of equipment increases the benefits and efficiency of your new equipment.