California Alternative Energy and Advanced Transportation Financing Authority

Residential Energy Efficiency Loan Assistance Program

Helping Californians make their homes more efficient and comfortable

Contact Information

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

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Energy Efficiency Loans for California Homeowners and Tenants

The Residential Energy Efficiency Loan (REEL) Assistance Program is designed to help Californians save energy at home by making attractive financing more widely available for home energy efficiency improvements. REEL offers a credit enhancement to mitigate the risk of default, which enables participating lenders to offer lower rates, residential end-use chartlonger payback terms, and higher loan amounts, and to approve a broader base of borrowers for energy efficiency loans. Customers may upgrade a single-family home, townhome, condo, duplex, triplex, fourplex or manufactured home.

Of California’s 10 million single-family housing units, about 65% were built before statewide energy efficiency standards took effect in 1978. Policymakers view energy efficiency improvements to single-family residences – which account for 18% of the state’s energy use – as an important source of energy savings. More than half the energy used by this segment is for heating water and spaces.

REEL launched as a pilot program in July 2016. Following an evaluation of the two-year pilot phase, the California Public Utilities Commission approved REEL’s transition into a full program in April 2020. Key metrics from program inception through Q4 2020 are found below.

REEL Program Activity through December 31, 2020

Loans Enrolled


Total Amount Financed


Average Loan Amount


Loans for Properties in LMI Census Tracts

603 (57%)

Enrolled Contractors


Enrolled Lenders


For detailed information on REEL program activity, visit the CHEEF Reports and Additional Materials page.

*LMI = Low-to-Moderate Income, or < 120% Area Median Income for metropolitan area, county or state

Who Benefits And How?

REEL is available to owners and tenants of single-family houses, townhomes, condominiums, mobile homes and multiplexes of up to four units where an investor-owned utility (PG&E, SCE, SCG and/or SDG&E) provides (or a Community Choice Aggregator procures) energy.

flores family

Through REEL, homeowners and renters can access more affordable loans for energy upgrades such as efficient HVAC systems, heat pumps, cool roofs, appliances, insulation and new windows. Borrowers can also use REEL financing for limited non-energy improvements like landscaping and remodeling.

Among the hundreds of California households to benefit from REEL is the Flores family, pictured on this page. The Floreses financed multiple energy efficiency upgrades for their home, including a tankless water heater and a new furnace, and kept their payments affordable through the REEL program. Learn more about their REEL experience on the program’s customer-facing website,

REEL Finance Companies

CAEATFA works with finance companies to provide REEL customers with attractive financing options. The REEL Approved Lenders chart lists up-to-date rates and terms for REEL loans. The Apply for Financing tool on provides information on lender offerings in a user-friendly format.

Finance companies that are interested in partnering with REEL should visit the Finance companies page on or contact the REEL Program team at

REEL Contractors

All REEL projects must be completed by an enrolled REEL contractor. Current contractor listings, updated weekly, may be found through the Find a Contractor tool on

Contractors who are interested in partnering with REEL should visit the Contractor Resources page or contact the Contractor Support Team at


Visit the REEL regulations webpage to view the current regulations.

Learn more

Find more information about REEL at, the Hub’s consumer-facing website.