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Clean Energy Butte
Clean Energy Butte
Lender:
Ygrene Energy Fund
Contact Information
Property Types
Program Description
The California Energy Commission's (CEC's) Energy Efficiency Financing Program offers loans of up to $3 million to public agencies to pay for energy saving measures. The interest rate is 0% for a term up to 20 years for school districts, charter schools, county offices of education, state specialist schools and community college districts. The loan requires the agency to pass a resolution to participate and to execute a promissory note with the CEC.
The California Energy Commission's (CEC's) Energy Efficiency Financing Program offers loans of up to $3 million to public agencies to pay for energy feasibility studies and installation of energy saving measures. The interest rate is 1% for a term up to 20 years for cities, counties, special districts, public universities and colleges (except community colleges) and public care institutions. The loan requires the agency to pass a resolution to participate and to execute a promissory note with the CEC.
The California Energy Commission's (CEC's) Energy Efficiency Financing Program offers loans of up to $3 million to public agencies to pay for energy feasibility studies and installation of energy saving measures. The interest rate is 1% for a term up to 20 years for cities, counties, special districts, public universities and colleges (except community colleges) and public care institutions. The loan requires the agency to pass a resolution to participate and to execute a promissory note with the CEC.
Verified by Lender on: 9/25/2015
Types of Financing
Financing & Payment Information
Term (years):
1 - 20
Minimum Amount:
$1
Maximum Amount:
$3,000,000
Fees:
None
Money Down Required:
No
Repayment Method:
Off-bill loan (Direct to Lender)
Payment Frequency:
Semi-Annual
Pre-Payment Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects - For example, some financing may be primarily for energy efficiency projects; however, it may allow 30% of the financing to fund other water efficiency or renewable projects.
Funds other energy-related projects - For example, some financing may also allow funding for projects in relation to installing the approved product, such as mold or asbestos remediation.
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 | Off-bill loan (Direct to Lender) | Off-bill loan (Direct to Lender) |
| Property Types | ||
| Automatic payment option available | No | No |
| Requires utility incentive program participation | No | No |
| Must use Program's pre-approved contractors | No | No |
| One-time fees (% of total financing) | ||
| One-time fees (fixed) | ||
| Ongoing fees | ||
| Financing Amount | $1 - $3,000,000 | $1 - $3,000,000 |
| Financing Term (yrs.) | 1 - 20 year(s) | 1 - 20 year(s) |
| Rate | 0% | 1 - 1% |
| Money Down Required? | No | No |
| Credit Enhancement Available | No | No |
| Transferrable | No | No |
| Prepayment Penalty or Fee | No | No |
| Tax Deductibility | No | No |
| Minimum Credit Score Required | ||
| Equity in Property Required | No | No |
| Debt to Income Ratio Required | No | No |
| Involuntary Property Liens Allowed | No | No |
| Foreclosures Allowed | ||
| Bankruptcies Allowed | ||
| Mortgage Lender Consent/ Acknowledgement | No | No |
| Must be current on property taxes | Doesn't pay taxes | Doesn't pay taxes |
| Must be current on mortgage | No | No |
| Loan to value | ||
| 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 | No | No |
Upgrades Covered
No Results
FAQ's
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