What is Energy Efficiency Financing?
The Energy Efficiency Retrofit Loan Program, also known as Energy Efficiency Financing (EEF), helps eligible customers pay for energy efficiency retrofit projects with zero interest, zero penalty loans.
The program works in conjunction with PG&E’s energy efficiency rebate and incentive programs by eliminating up-front costs.
Under the EEF program, PG&E offers two products: On-Bill Financing (OBF) and On-Bill Financing with rebates (OBF with rebates).
After project completion, PG&E will lend the money for the retrofit, and the customer will pay the loan—interest free—through a line-item on their monthly utility bill.
What kinds of projects are eligible?
Financing is available to fund many energy efficient technology upgrades, including LED lighting, refrigeration, HVAC, food service and LED streetlight projects. To qualify, a project’s total cost savings must be sufficient to repay the loan within the maximum loan term limits.
Customers may install the equipment themselves or hire a contractor to perform the work. PG&E may need to inspect the site before the old equipment is removed and may perform another inspection upon project completion.
How much can be borrowed?
Non-residential customers may qualify for loans between $5,000 and $250,000
per premises, with loan periods of up to 120 months.
Loans up to $4,000,000 per premises may be available for projects where a unique opportunity to capture large energy savings exists.*
Loan funds must be used to purchase and install qualifying energy-efficient equipment.
Zero-interest financing for business customers
Energy efficiency upgrades are a great way for businesses to lower their energy use and reduce monthly bills. PG&E can help you make facility improvements without high interest costs.
Program benefits for business customers:
Financing from $5,000 to $250,000 of the projects cost, after incentives
Loan terms up to ten years at Zero Interest
No minimum credit requirements
Loan repayment is based on projected energy savings
Does your business or agency qualify?
Before beginning your retrofit project, contact PG&E to make sure your energy efficiency upgrades qualify for Energy Efficiency Financing. To be eligible, customers must have a PG&E account that has been continuously active for the past 24 months and has been in good standing for the past 12 months. Business customers are also subject to a payment history screening.
How is the loan term calculated?
To qualify for financing through the Energy Efficiency Financing Program, a project’s estimated energy savings must be sufficient to repay the loan during the maximum allowable payment term. The monthly payment is calculated based on estimated monthly energy savings.
If a business customer closes a PG&E account before the loan term ends— for example if a business closes or moves to a new location—the business must pay off its loan balance when the final bill is settled.
San Diego Gas & Electric
Guide to On-Bill Financing
SDG&E Energy Efficient Program
On-Bill Financing (OBF) helps qualified commercial and government-funded customers pay for energy-efficient business improvements through their SDG&E® bill.
Your business must meet the following criteria to be eligible:
1. You must receive a rebate or incentive through an SDG&E energy-efficiency program.
2. You must currently have an SDG&E account that has been active for the past two years for the same business.
3. Your SDG&E account must be in good standing.
Owners of multifamily units who do not live on the premises may qualify for financing through the Multifamily Rebate program.
Loan maximum is determined by the number of meters at your location, provided the total loan amount does not exceed the maximum amount limit. Non-government-funded customers are limited to a maximum of $1 million dollars in total financing, and government-funded customers are limited to a maximum of $2 million dollars in total financing.
Loan Limit 01.
$100,000 per meter (capped at $1 million) for commercial customers, with a 3 or 5 year maximum payback*
Loan Limit 02.
$250,000 per meter (capped at $2 million) for government-funded customers with a 15 year maximum payback
Loan Limit 03.
$1,000,000 per meter (capped at $2 million) for eligible State of California accounts with a 15 year maximum payback.
Loan Limit 04.
$250,000 per meter (capped at $1 million) for eligible low-income multi-family customers with a 10-year maximum payback
Managing your energy use
GEi serves to help your business get more out of the energy that you use. GEI can help you get information on everything from seminars to online energy-analysis tools, rebates and other financial incentives. You can call us at
323-622-1930, Monday - Friday 8am until 5pm Pacific Time.
How is the loan term calculated?
The loan term for the project is determined by the repayment period of the equipment selected through the eligible program(s) and is calculated based on estimated annual energy savings not to exceed the maximum loan term. Loan funds must be used for the purchase and installation of qualifying energy-efficiency measures. Below is a sample of a project:
Energy Efficiency Financing
Pacific Gas and Electic Company
On-Bill Financing (OBF) & On-Bill Financing with rebates (OBF with rebates)