California Alternative Energy and Advanced Transportation Financing Authority

Residential Energy Efficiency Loan Assistance Program

Designed to reduce risk to lenders that provide lower-cost financing for home energy efficiency projects.

Notice of Modifications to Regulations

August 16, 2017

CAEATFA is proposing modifications to the regulations of the Residential Energy Efficiency Loan (REEL) Assistance Program. The modifications clarify and update definitions; project and loan eligibility requirements; enrollment data requirements; loss reserve account structure; quality assurance standards; and information security disclosures.

CAEATFA held a workshop and webinar on the proposed modifications on July 19, 2017, and invited comments from stakeholders and interested parties through July 27, 2017. Following the public comment period, CAEATFA made further modifications to the proposed REEL regulations which were publicly noticed, considered and approved by the CAEATFA Board at a public meeting held on Tuesday, August 15, 2017 at 10:30 A.M.

In accordance with its authority under California Public Resources Code 26009, CAEATFA is proposing to adopt the regulation as emergency regulations. The link below contains the specific regulatory language of CAEATFA’s proposed regulatory action and the Finding of Emergency.

Access the Finding of Emergency and proposed REEL regulations text.


The Residential Energy Efficiency Loan (REEL) Assistance Program is the first of seven CHEEF pilot programs to roll out in the state of California. The program is designed to help homeowners and renters access lower-cost financing for energy efficiency projects by reducing risk to participating lenders. The program has more than $20 million available in loan loss reserve funds to help participating lenders mitigate energy efficiency loan risk.


The Residential Energy Efficiency Loan (REEL) Assistance Program enrolled its first loan in July, 2016. REEL is available to borrowers who are interested in completing an energy efficiency project and occupy a single family residences of 1-4 units where the utility service is provided by an investor-owned utility (PG&E, SCE, SCG and/or SDG&E).

CAEATFA is continuing to collaborate with stakeholders and strategic partners to recruit and train Participating Financial Institutions, Participating Finance Lenders and contractors to participate in the REEL program.

List of Participating Contractors, Financial Institutions and Finance Lenders