California Alternative Energy and Advanced Transportation Financing Authority

Commercial Loans, Leases, and Energy Service Agreements

Designed to encourage energy efficiency financing for small
businesses and commercial entities of any size.

Contact Information

If you have any questions about the California Hub for Energy Efficiency Financing pilot programs, please contact cheef@treasurer.ca.gov or (916) 651-8157.

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CAEATFA is launching commercial energy efficiency financing pilots, targeted at small businesses and non-residential entities of any size.

The small business pilot features a credit enhancement to help financing entities mitigate risk. The option to make payments on the customer’s utility bill (on-bill repayments) will be available for loans, leases and energy service agreements. In addition, an off-bill option will be provided for leases and energy service agreements.

The non-residential pilot encourages energy efficiency for commercial entities of any size, as well as governments. Financing is supported for loans, leases and energy service agreements repaid on the customer’s utility bill (on-bill repayments).

View graphical summary of commercial pilots

CAEATFA seeking comment on On-bill repayment program parameters

CAEATFA held a public workshop on January 31st, 2017 (Workshop video) to present proposed parameters for on-bill repayment under the California Hub for Energy Efficiency Financing (CHEEF).

External stakeholders, especially financial entities, are welcome to submit comments during the regulation drafting period. Please send comments to cheef@treasurer.ca.gov or to ed.day@treasurer.ca.gov . If you prefer to schedule a conversation with us to discuss the proposed guidelines, please email cheef@treasurer.ca.gov.

View OBR Infrastructure slides covering: the topics below.  The OBR infrastructure is pertinent for the following pilots: small business loan; small business lease and energy service agreements (ESA); large commercial, non credit-enhanced, single family residential (in PG&E territory), and affordable multi-family residential pilot

  • On-bill governance and agreement structures
  • Eligibility guidelines
  • On-bill infrastructure and communication with the Master Servicer
  • Details and timing of cash flows and payments

CAEATFA seeking comment on proposed commercial program guidelines

CAEATFA held public workshops on July 20, 2016 and October 28, 2016 (Workshop video) to present proposed guidelines for the commercial pilot programs under the California Hub for Energy Efficiency Financing (CHEEF). CAEATFA is currently drafting regulations based on the proposed guidelines and feedback received to propose program structure for all commercial pilots: small business on-bill loans, leases, and energy service agreements (ESAs), small business off-bill leases and ESAs, and the non-residential, non-credit enhanced pilot.

External stakeholders, especially contractors and financial entities are still welcome to submit comments during the regulation drafting period. Please send comments to cheef@treasurer.ca.gov or to mjblock@treasurer.ca.gov . If you prefer to schedule a conversation with us to discuss the proposed guidelines, please email cheef@treasurer.ca.gov.

View proposed financing parameters covering:

  • Credit enhancement structure (for small business pilots)
  • Finance product eligibility
  • Finance provider eligibility
  • Borrower/Customer underwriting guidelines

View proposed project eligibility parameters covering:

  • Eligibility measures and eligible projects
  • Contractor requirements
  • Project Quality Assurance (QA)/Quality (QC) requirements
  • Data reporting
  • Finance-only (non-rebate) pathway

View CHEEF Commercial Pilots ICP-Derived QA/QC Checklist

Resources from January 8, 2015 Stakeholder Roundtable