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California

California

Incentives/Policies for Energy Efficiency

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CaliforniaFIRST   

Last DSIRE Review: 09/27/2012
Program Overview:
State: California
Incentive Type: PACE Financing
Eligible Efficiency Technologies: Equipment Insulation, Water Heaters, Lighting, Lighting Controls/Sensors, Furnaces , Heat pumps, Central Air conditioners, Heat recovery, Programmable Thermostats, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Roofs, Whole House Fans, Evaporative Coolers, Cool Roof
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Fuel Cells, Geothermal Heat Pumps, Fuel Cells using Renewable Fuels
Applicable Sectors: Commercial, Industrial, Multi-Family Residential, Agricultural
Terms:Minimum financing amount: $50,000
The maximum financing amount is dependent on the property value. Current outstanding debt plus CaliforniaFIRST financing amount must be less than the property value plus the value of the financed projects.
Repayment periods range from 5-20 years, depending on the expected useful life of the financed improvements and the negotiated terms.
Web Site: https://californiafirst.org/overview
Summary:

The CaliforniaFIRST Program is a Property Assessed Clean Energy (PACE) financing program for non-residential properties. PACE programs allow property owners to finance the installation of energy and water improvements on their buildings and to pay the amount back through their property taxes. CaliforniaFIRST is available to commercial, industrial, agricultural, and multi-family (over 5 units) buildings in one of the 120 participating cities or the unincorporated parts of the 14 participating counties. Click here to see all the local governments that are participating.

Eligibility is generally determined by the property records and value, and the property must meet general underwriting criteria established by the California Statewide Communities Development Authority (CSCDA). The property must be current in payment for all obligations secured by the property, including mortgages, property taxes, and assessment and tax liens, for the past 3 years. There cannot be any notices of default or foreclosure filed against the property within the last 5 years. The current property owner also cannot have a record of bankruptcy in the past 7 years. Lenders may request additional information and have additional criteria.

More information and a complete list of the currently approved energy and water efficiency technologies are available at the web site above.


 
Contact:
  Program Information
Phone: (510) 692-9995
E-Mail: info@CaliforniaFIRST.org
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.