MPOWER’s primary goal is to help property owners – both homeowner and non-residential – save money, conserve energy and water, and create jobs. As a matter of policy, MPOWER wants property owners to know about other financing options available. If MPOWER does not fit your project, financing, or timeline needs, then perhaps another program might.
Here are some more options to consider:
The programs listed in this section are offered through a variety of providers like the Federal Housing Authority and the State of California. MPOWER recommends thorough examination of each option and consideration of its terms and conditions, just like with any financing.
The HomeStyle® Energy mortgage loan helps lenders offer affordable financing to borrowers seeking to improve the energy and water efficiency of their homes. HomeStyle Energy is open to all Fannie Mae lenders; no special approval needed.
The USDA offers a variety of options for funding energy efficiency, biofuel, water conservation and treatment, and more. Click here for more information.
The Residential Energy Efficiency Loan (REEL) Assistance Program is the first of seven CHEEF pilot programs to roll out in the state of California. The program is designed to help homeowners and renters access lower-cost financing for energy efficiency projects by reducing risk to participating lenders. The program has more than $20 million available in loan loss reserve funds to help participating lenders mitigate energy efficiency loan risk.
Non-residential properties have a variety of options including on-bill financing among others. These programs are provided through the utilitiesand the State of Calfornia. There may be more financing options out there. MPOWER encourages you to look.
You must have been a PG&E commercial customer for at least 24 months with a good standing 12-month payment history to qualify. To start the process, talk to your PG&E account representative or call 1-800-468-4743. You can also complete a request form online. Visit Energy Efficiency Financing Request Form for more information.
Rural Business-Cooperative Service offers a variety of programs that will help attain the President’s goal and ensure America’s energy independence. Authorized by the Agricultural Act of 2014, it offer funding to complete energy audits, provide renewable energy development assistance, make energy efficiency improvements and install renewable energy systems. For more information click here.
A credit enhancement will be offered to encourage energy efficiency financing for small businesses. The option to make payments on customer’s utility bills (on bill repayments) will be available for loans, leases and energy service agreements. In addition, an off-bill option will be provided for leases and energy service agreements. Details at the California State Treasurer Website.
Special districts including K-12 Schools Districts, County office education, State Special schools, Community Colleges, Cities, Counties, Public College or University, among others will find additional funding opportunities at the State of California’s Energy Commission.
The Small Business Association offers a variety of loan and grant programs, including energy efficiency.