GoGreen Home Energy Financing Regulations
3/23/22 Emergency Regulations Enacted
On March 23, 2022, the Office of Administrative Law (OAL) approved emergency regulations amendments to the GoGreen Home Energy Financing Program. These amended regulations are effective until June 22, 2022.
The subject of the proposed readoption of the modified regulations for GoGreen Home was discussed at a public workshop on January 6, 2022, and CAEATFA invited public comment through January 14, 2022. Following the workshop, CAEATFA made additional changes based on stakeholder input.
The proposed regulations were publicly noticed, considered, and approved by the CAEATFA Board at a public meeting held on February 15, 2022.
The modifications add clarity and resolve ambiguities, facilitate participation of newer entrants to the energy efficiency financing space, and help facilitate the addition of new funding sources
8/25/21 Non-Substantive Change to Emergency Regulations Enacted: Name Change
On August 25, 2021, the OAL approved and filed with the Secretary of State non-substantive amendments to the emergency regulations, changing the name of the program from the Residential Energy Efficiency Loan Assistance Program (REEL) to the GoGreen Home Energy Financing Program (GoGreen Home). This name change does not affect any regulatory provisions or requirements. The name change aligns the program name with the public-facing platform, GoGreenFinancing.com.
The emergency regulations remain in effect until March 23, 2022.
5/24/21 Emergency Regulations Enacted
On May 24, 2021, OAL approved the emergency regulation amendments to REEL. These amended regulations are effective until March 23, 2022. Per Executive Orders N-40-20 and N-71-20, two 60-day extensions have been added to the 180 days for emergency regulations.
The subject of the proposed amended regulations for REEL was discussed at a public workshop on March 12, 2021, and CAEATFA invited public comment through March 19, 2021. Following the workshop, CAEATFA made additional changes, based on stakeholder input.
The proposed regulations were publicly noticed, considered, and approved by the CAEATFA Board at a public meeting held on April 20, 2021.
The amendments are intended to ease operations for lenders, support high-volume loan enrollment and facilitate automated reporting. They add new eligible measures, improve rules around safety testing and create a pathway for the program to begin enrolling microloans. 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 is able to secure a source of non-ratepayer funding for the program