GoGreen Home Energy Financing Regulations
Current Regulations
Regulatory Actions
9/29/2022: Modified Regulations Adopted through the Regular Rulemaking Process
Modifications to regulations for the GoGreen Home Energy Financing Program received approval from the Office of Administrative Law (OAL) and took effect on September 29, 2022. This formalized modifications to the program that were initially authorized under the emergency rulemaking process started in May 2021 and completed by the regular rulemaking process.
The modifications include rules for a streamlined pathway for Microloans; inclusion of additional Eligible Energy Efficiency Measures; the addition of a Channel Partner role to assist lenders with marketing, deal generation and Program enrollment; and reducing the net worth requirement for finance companies in order to facilitate participation of newer entrants to the energy efficiency financing space. Additionally, the changes allow lenders to receive a credit enhancement for the financing of measures that correspond to a non-IOU fuel source in the event that the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) secures a source of non-ratepayer Energy Efficiency funding for the Program. The modifications also ease operations for lenders, support high-volume loan enrollment and facilitate automated reporting. Other clarifications and minor modifications were included.
- View the approved and endorsed Form 400 Certificate of Compliance filed with the Secretary of State
- View the approved regulations filed with the Secretary of State .
Regular Rulemaking
CAEATFA issued a Notice of Proposed Rulemaking with proposed regulation text for the regular rulemaking process for the GoGreen Home Program on May 27, 2022. The public comment period ran from May 27 through July 14, 2022 and is now closed. These regulations will complete the emergency rulemaking process by which regulations were enacted on May 24, 2021, readopted on March 23, 2022 with modifications, and readopted again on June 22, 2022.
- View the Notice of Proposed Action
- View the Initial Statement of Reasons
- View the Proposed modified Regulations
CAEATFA held a public hearing regarding the proposed modifications to the regulations for the GoGreen Home Energy Financing Program on July 14, 2022.
View the presentation materials.
CAEATFA submitted the proposed regulations to the CAEATFA Board for approval at the August 16, 2022 Board meeting. Following approval by the Board, CAEATFA submitted the proposed regulations to the Office of Administrative Law, with expected approval by mid-September 2022.
These regulations are comprised of changes made during the emergency regulations process that are proposed to be made permanent. These include rules for a streamlined pathway for Microloans; inclusion of additional Eligible Energy Efficiency Measures; the addition of a Channel Partner role to assist lenders with marketing, deal generation and Program enrollment; and reducing the net worth requirement for finance companies in order to facilitate participation of newer entrants to the energy efficiency financing space. Additionally, the changes allow lenders to receive a credit enhancement for the financing of measures that correspond to a non-IOU fuel source, in the event that CAEATFA secures a source of non-ratepayer Energy Efficiency funding for the Program.
The proposed modifications also ease operations for lenders, support high-volume loan enrollment and facilitate automated reporting. Other clarifications and minor modifications are proposed.