Money Monday: CEC 3% Loans

With the final reports been sent in on the last of the ARRA funded energy efficiency projects (our whopper of a report was sent off today, thanks, Mike!) many local governments are wondering how they can keep the momentum going.  Well, the California Energy Commission has come up with an way to help!

Utilizing a revolving loan funded program, the CEC is accepting 3% interest loan applications for energy efficiency and renewable energy projects from all eligible entities: Cities, Counties, Public Schools & Colleges, Public Care Institutions, Public Hospitals and Special Districts.  Residential and commercial projects are non-profit institutions are not eligible for these funds.

So what could be funded?  Well, the laundry list covers some of our favorite proven energy and capacity saving type projects, including:

• LIGHTING SYSTEMS
• PUMPS & MOTORS
• STREETLIGHTS & LED TRAFFIC SIGNALS
• AUTOMATED ENERGY MANAGEMENT SYSTEMS/CONTROLS
• BUILDING INSULATION
• ENERGY GENERATION INCLUDING RENEWABLE & COMBINED HEAT/POWER PROJECTS
• HEATING & AIR CONDITIONING MODIFICATIONS
• WASTE WATER TREATMENT EQUIPMENT

Of course, energy efficiency projects must be technically and economically feasible.  

Applications are accepted on a first-come, first served basis for eligible energy projects.  Please see the notice and loan application for qualifications, available at the link below.  Or, if you prefer to talk to a human being try the very helpful Karen Perrin at (916) 654-4104.

For more information: http://www.energy.ca.gov/efficiency/financing/index.html

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