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The Latest
- Senate Bill (SB) 71 Applications Considered to Date
Updated 5/9/12 - Intent to Award Contract
Posted 5/3/12 - Request for Information (RFI) Questions and Answers
Posted 4/23/12 - Notice of Emergency Regulations for Loan Loss Reserve Program Under Assembly Bill (AB) X1 14
Posted 4/18/12 - RFI Under AB X1 14
Posted 4/11/12
California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA)
Assembly Bill (AB) X1 14: Clean Energy Upgrade Program
Background
On August 2, 2011, Governor Jerry Brown signed ABX1 14 (Skinner) into law. ABX1 14 authorizes the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) to administer a Clean Energy Upgrade Financing Program (the Program) using up to $25 million from the funds originally appropriated to the SB 77 PACE Bond Reserve Program.
Under this Program, CAEATFA may provide financial assistance in the form of credit enhancements to financial institutions providing a loan to finance the installation of distributed generation renewable energy sources, electric vehicle charging infrastructure, or energy or water efficiency improvements on homes or small commercial properties. The goal of the Program is to increase access to retrofit financing by reducing its cost.
CAEATFA proposes to meet the goal of the Program in two phases:
- In phase one, CAEATFA is establishing a Loan Loss Reserve Program designed to help financial institutions make loans to California homeowners for energy efficiency and renewable energy retrofits.
- In phase two, CAEATFA has issued a Request for Information (RFI) to all interested parties – public, private, and partnerships – to obtain information and ideas on alternative financing structures that might add value to the Clean Energy Upgrade Financing Program.