Before Contacting a participating lender, be sure to talk with a contractor to make sure that you qualify for utility incentives.
The Energy Upgrade California in Los Angeles County Financing Program is available only to qualified property owners and for qualified projects. Eligibility criteria includes:
Property Owner Eligibility
- Must have a 680 minimum FICO score and meet other credit criteria.
- Cannot have declared bankruptcy in the last seven years or had a mortgage delinquency of more than 30 days over the last two years.
Property Eligibility
- Property on which the clean energy projects are to be installed must be (1) located in Los Angeles County, and (2) served by both Southern California Edison (SCE) and Southern California Gas (SoCalGas).
- Property must be single-family detached residence.
Project Eligibility
- Energy efficiency projects must be enrolled in the SCE & SoCalGas Energy Upgrade Whole Home retrofit incentive program.
- Solar projects must be enrolled in the California Solar Initiative (CSI).
- If solar is to be financed, it must be installed concurrently on or after the installation of energy efficiency measures.
Financing Terms
- Types of Upgrades: Energy efficiency and solar
- Types of Loans: Both secured and unsecured are available
- Interest Rates: 6.99% to 8.99% for unsecured; 4.99% to 6.99% for secured
- Payment Duration: 5 to 10 years fixed for unsecured; 5 to 15 years fixed for secured
- Financing Amounts: $2,500-$15,000 unsecured; $15,000-$50,000 secured
Other
- No prepayment penalties or closing costs.
- Loan need not be net the utility incentive amount.
Click Here for Application Process & Checklist