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.


The Residential Energy Efficiency Loan (REEL) Assistance Program is the first of four 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 for up to four units of residential property, where the utility service is provided by an investor-owned utility (PG&E, SCE, SCG and/or SDG&E).


The REEL regulations submitted through the regular rulemaking process were approved by the Office of Administrative Law and filed with the Secretary of State on September 17, 2018. Visit the REEL regulations webpage for more information regarding rulemaking process and to view the current regulations.

List of Participating Contractors, Financial Institutions and Finance Lenders

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. More information on REEL program activity is available at