In order to qualify for a GoGreen Home loan, most energy measures must be installed by an enrolled GoGreen Home contractor. There are some exceptions; you are not required to use a GoGreen Home contractor when: The energy measure is identified as “Eligible for Self-Install” on the Eligible Energy Measures table. This includes appliances, lighting […]
Read More… from Do I have to use a GoGreen Home contractor? What if I do the installation myself?
Yes, every project’s paperwork (submitted invoice, certificate of completion, completed permits, safety test results, etc.) will be reviewed to ensure compliance with state and GoGreen Home regulations. For a smaller portion of projects, field verifications may be conducted at the property within 180 days of the loan being enrolled to verify that the eligible measures […]
Interest rates vary by lender and are based on the length of the term and/or the borrower’s credit history. All lenders have reduced their interest rates in exchange for the benefits provided to them by the GoGreen Home program. Current rates can be found on the GoGreen Home Energy Financing Lending Options chart or through the […]
Read More… from What are the interest rates for GoGreen Home loans?
Any measure listed on the Eligible Energy Measures table may be financed through GoGreen Home as long as it meets the stated requirements (for example, ENERGY STAR certified or Title 24). Expenses that are legally and practically necessary to complete the installation of an energy measure can also be included—things like permits, safety testing, electrical […]
Read More… from What types of projects or measures can be financed through GoGreen Home?
The maximum loan amount is $50,000 per unit, for up to four units. Lenders offering solar + battery storage may exceed $50,000. The minimum varies by lender but for most, it starts at $2,500 for measures listed on the Eligible Energy Measures table. See the GoGreen Home Energy Financing Lending Options chart for details. Smaller […]
Read More… from What is the maximum GoGreen Home loan amount? How about the minimum?
Yes, select GoGreen Home lenders offer financing options specifically for the installation of bundled solar + battery storage systems. Their loan products have higher loan amounts (up to $75,000) and extended terms (up to 20 years) to make these clean energy technologies more afforable for California homeowners. […]
GoGreen Home customers may upgrade a single-family home, townhome, condo, duplex, triplex, fourplex or manufactured home. Renovations for up to four units may be bundled into a single loan. The property must receive electric and/or gas service from any of the following investor-owned utilities: Pacific Gas and Electric Company, San Diego Gas & Electric Company, […]
No. GoGreen Home participating lenders make the loans. The California Alternative Energy and Advanced Transportation Financing Authority, a public agency in the State Treasurer’s Office, facilitates the financing by providing GoGreen Home lenders with access to a “loan loss reserve”—basically a form of insurance that allows them to offer better rates and terms on GoGreen […]
Read More… from Is this a loan from the State of California?
Most projects can be financed through GoGreen Home as long as they meet program guidelines and the property receives natural gas and/or electric service from one of the following investor-owned utilities (IOUs): Pacific Gas and Electric Company, San Diego Gas & Electric Company, Southern California Gas Company, or Southern California Edison. Additionally, CPAU customers are […]
A customer meeting the definition of a small business who receives service from at least one of California’s four investor-owned utilities (IOUs) – PG&E, SDG&E, SCE, SoCalGas, or a Regional Energy Network (REN) or Community Choice Aggregator (CCA) – may apply for financing from a finance company participating in the program. Participating finance companies receive […]
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Pacific Gas and Electric Company (PG&E®), San Diego Gas & Electric Company (SDG&E®), Southern California Edison Company (SCE®) and Southern California Gas Company (SoCalGas®) are not making an offer to lend and have no role in reviewing or approving your financing application. If you and a lender enter into a financing arrangement for energy improvements, that arrangement will be entirely between you and the lender, and PG&E, SDG&E, SCE and SoCalGas shall not be liable for the lender’s acts or omissions.