Combine PG&E On-Bill Finance Loans with MCE Commercial Efficiency Market Incentives
In addition to incentives received from participating in MCE's Commercial Efficiency Market, projects may also be eligible for financing for new equipment via 0% loans from PG&E’s On-Bill Finance (OBF) program.
To get started, applicants must enter their project through both the OBF and Commercial Efficiency Market submission processes.
The Commercial Efficiency Market reviews process will occur without changes. Once a customer has been deemed eligible, and a submitted project has been reviewed, approved, and reservation letters have been sent, Recurve will share the reserved project with the OBF program. This confirms that the project has been vetted, reviewed, and that funds are being reserved for the project to perform.
The only deviation that will occur in the OBF application is the engineering review. This will occur per-usual through the Commercial Efficiency Market application and the approved engineering review will be used for both programs.
Once Project Reservation letters are issued for projects and shared with the aggregator and OBF staff, OBF will generate a loan agreement for customer signature. Once signed by both PG&E and customer, funds will be reserved and permission to install will be granted by both finding organizations.
At this stage, funds will be reserved from both sources and the project can begin installation.
After project completion, continue through the Commercial Efficiency Market process with the Project Completion and Start Tracking steps. The information gathered will be used by both organizations to indicate completion. At this stage, OBF will issue funds and performance tracking will commence.
Watch MCE and PG&E OBF describe the tools available to aggregators
PG&E offers 0% interest loans