Home ->> CPCFA ->> CalCAP ->> CalCAP Zero-Emission Programs --> General Information

California Pollution Control Financing Authority

General Information for CalCAP Zero-Emission Heavy-Duty Programs

Independent Contributors

CPCFA has a statutory ability for the CalCAP Programs to work with “independent contributors.” Independent contributors are entities which identify a state or federal policy goal which can be supported by a credit enhancement program for loans of private capital. Independent contributors provide the loan eligibility characteristics and funding for a program. CPCFA provides the CalCAP mechanism and administration for a program.

CPCFA is pleased to continue working with California Air Resources Board and California Energy Commission and to begin working with Southern California Edison Company for these pilot programs.

  • CalCAP ZEHDV: a state-wide pilot for zero-emission heavy-duty and medium-duty vehicles, funded by $5 million contribution from California Air Resources Board (CARB)
  • CalCAP ZEHDI: a state-wide pilot for zero-emission heavy-duty and medium-duty infrastructure, funded by $5 million contribution from California Energy Commission (CEC)
  • CalCAP ZETBIF: a utility-service-area pilot for zero-emission heavy-duty and medium-duty vehicles and infrastructure, funded by $20 million contribution from Southern California Edison Company (SCE)

CalCAP ZEHDV, CalCAP ZEHDI, and CalCAP ZETBIF Program Descriptions

  • Each of these programs provides a risk management tool to a participating financial institution (PFI) after:
    • a small business borrower (SBB) has applied to a PFI;
    • the PFI has underwritten the loan(s) and determined a risk management tool will be useful, and that the loan(s) fit the eligibility criteria for CalCAP ZEHDV and/or CalCAP ZEDHI and/or CalCAP ZETBIF; and
    • the PFI has disbursed the loan(s) to the SBB.
  • A contribution for each loan is added to the loan loss reserve account(s) assigned to the PFI for each program after:
    • the loan(s) are disbursed by the PFI;
    • the PFI has applied for enrollment in CalCAP ZEHDV and/or CalCAP ZEDHI and/or CalCAP ZETBIF; and
    • enrollment(s) have been approved.
  • Each accumulated loan loss reserve account is available to pay up to 100% of the PFI’s claim for a loan enrolled in the matching program, during the term of enrollment, in the case of default. If no claim for an enrolled loan is made prior to the expiration of enrollment, the contribution remains in the loan loss reserve account (subject to independent contributor requirements).
  • Contribution Amounts
    • In these programs, all contributions are made by the programs. Lenders and borrowers do not make a contribution.
      • CalCAP ZEHDV: 25%
      • CalCAP ZEHDI: 25%
      • CalCAP ZETBIF: 25%

Eligibility for Enrollment of Loans in CalCAP ZEHDV, CalCAP ZEHDI, and CalCAP ZETBIF

A participating financial institution (PFI) can enroll loans made to a business borrower.

  • CalCAP ZEHDV
    • Vehicle Requirements
      • Zero-emission powertrain
      • Medium- and heavy-duty, over 8,500 lbs. gross vehicle weight rating (GVWR)
      • New or used
    • Other Requirements
      • Maximum fleet size: 20 heavy-duty vehicles
      • Trailers may be eligible for financing ONLY in conjunction with the purchase of an eligible tractor
      • Loans can include warranties and/or maintenance plans when purchased with vehicle (limitations apply)
      • Interest rate no more than 20%
      • Borrower may use other CARB programs
  • CalCAP ZEHDI
    • Infrastructure Requirements
      • New electric charging and/or hydrogen fueling equipment
      • Supports zero-emission medium- or heavy-duty vehicles
      • Maximum quantity: 20 ports and/or nozzles
      • Includes equipment, labor, and certain other costs
    • Other Requirements
      • Loans can include warranties and/or maintenance plans when purchased with equipment (limitations apply)
      • Interest rate no more than 20%
  • CalCAP ZETBIF
    • Borrower Requirements
      • SCE customer located or operating in area(s) defined as Disadvantaged Community or rural
    • Infrastructure Requirements
      • Electric vehicle charging station equipment only
    • Vehicle Requirements
      • Battery-electric powertrain
      • Medium- and heavy-duty, over 8,500 lbs. gross vehicle weight rating (GVWR)
      • New or used
    • Other Requirements
      • Loans can include warranties and/or maintenance plans when purchased with vehicle or equipment (limitations apply)
      • Interest rate no more than 20%