ZERO-PERCENT ON-BILL FINANCING - SoCalGas

ZERO-PERCENT

ON-BILL FINANCING

THIS PROGRAM OFFERS INTEREST-FREE FINANCING FOR THE PURCHASE AND

INSTALLATION OF EQUIPMENT COVERED BY SOCALGAS? ENERGY-EFFICIENCY PROGRAMS.

WHAT IS ON BILL FINANCING?

On-bill financing (OBF) allows eligible

SoCalGas customers to finance their

energy-efficiency projects interest free.

On-bill financing features:

? 0% secured, non-transferable loans

? No origination fee or loan costs

? No prepayment penalty

? Loan repayment conveniently added to

your monthly SoCalGas bill

? Long-term natural gas savings

PROGRAM LOAN LIMITS

CUSTOMER SEGMENT

LOAN AMOUNTS

MAX LOAN TERMS

BUSINESS

MIN. - $5,000

MAX. - $100,000

5 years or useful equipment

life (whichever is shorter)

MULTI-FAMILY

?Common area

measures only

MIN. - $5,000

MAX. - $100,000

5 years or useful equipment

life (whichever is shorter)

MIN. - $5,000

MAX. - $250,000

10 years or useful

equipment life

(whichever is shorter)

MIN. - $5,000

MAX. - $250,000

15 years or useful

equipment life

(whichever is shorter)

MIN. - $5,000

MAX. - $1,000,000

15 years or useful

equipment life

(whichever is shorter)

LOW INCOME

MULTI-FAMILY

?Common area

measures only

WHO IS ELIGIBLE?

*

? SoCalGas non-residential customers (including

taxpayer-funded institutional customers) and

owners of multifamily units who do not reside

on the premise.

? Active account with SoCalGas for a minimum

of the last two years with the same business,

which must be in good credit standing.*

?65% of tenants must

be income qualified

INSTITUTIONAL

(CITIES, COUNTIES, SCHOOLS)

STATE OF CALIFORNIA

PROJECT ELIGIBILITY*

? Equipment must be installed at the meter of

the account holder of record for which the

loan is being made.

? Project must meet terms and conditions of

one or more energy-efficiency programs

offered by SoCalGas.

? Estimated energy savings must be sufficient

to repay the loan during repayment period:

5 years maximum for business customers or

15 years maximum for institutional customers.

Loan term is simple project payback in months.

* Other eligibility requirements may apply. To

verify eligibility visit and search

¡°ON BILL FINANCING¡± or call 1-800-427-6584

SAMPLE LOAN CALCULATION

PROJECT COST

$10,500

REBATE /INCENTIVE AMOUNT

$2,500

LOAN AMOUNT

(REMAINING COSTS TO BE FINANCED)

$8,000

ESTIMATED ANNUAL ENERGY

SAVINGS FROM UPGRADE

$1,743

ESTIMATED MONTHLY LOAN REPAYMENT

$143

SIMPLE PAYBACK PERIOD

56 MONTHS

EXAMPLES OF QUALIFYING PROGRAMS AND EQUIPMENT

All equipment must qualify for at least one of our energy-efficiency programs.

Here is a partial list of programs and qualifying equipment.

ENERGY-EFFICIENCY

REBATES FOR BUSINESS

ENERGY-EFFICIENCY

CALCULATED INCENTIVE PROGRAM

Commercial fryer

Boiler econimizers

Commercial griddle

Furnaces, kilns, ovens

High-efficiency fryers

Heat recovery

Ozone laundry system

Lean-burning natural gas engines

Pool covers

Thermal oxidizer

Pipe/tank insulation

Waste water heat recovery

For qualifying

institutions, an

OBF application

could include

multiple projects

on different sites

of the same

customer.

Pressureless cooking steamers

If your energy-efficiency project is not listed here but has a payback period that could

qualify for On-bill financing, please give us a call. We are available to help find the right

solution for you.

GET STARTED

On-bill financing can help qualified customers with zero-percent financing in just a few

simple steps.

1. Visit us at (search ¡°ON BILL FINANCING¡±), call 1-800-427-6584

(select option 6), or email us at scgobf@ to contact our program

staff and see if your project qualifies prior to purchasing products. Qualified projects

will receive a no-cost energy audit to determine the energy savings.

2. Apply for the energy-efficiency rebate or incentive.

3. Contact OBF staff for pre-qualification.

4. Receive loan package once SoCalGas verifies other qualifications (such as maximum

payback period).

5. Sign and return the loan application documents.

6. After the loan application documents have been approved by SoCalGas, install the equipment

(SoCalGas will conduct 100 percent post-inspections of all qualified equipment).

7. Receive the loan. Your monthly loan installment will be included on your utility bill.

This program is funded by California utility customers and administered by Southern California Gas Company under the auspices of the

California Public Utilities Commission. This financing offering is provided to eligible customers on a first-come, first-served basis. Program funds

will be allocated on a first-come, first-served basis until such funds are no longer available. This program may be modified or terminated without

prior notice. The selection, purchase, and ownership of goods and/or services are the sole responsibility of customer. SoCalGas makes no

warranty, whether express or implied, including the warranty of merchantability or fitness for a particular purpose, of goods or services

selected by customer. Customers who choose to participate in this program are not obligated to purchase any additional goods or services

offered by contractor or any other third party. SoCalGas does not endorse, qualify, or guarantee the work of any contractor or other third party.

To qualify, equipment must meet technical requirements and be installed according to local building codes and ordinances and/or manufacturer¡¯s

requirements. Additional eligibility requirements apply; see the program requirements for details.

? 2017 Southern California Gas Company. Trademarks are property of their respective owners. All copyright and trademark rights reserved. N17H0084A 0817



1-800-427-6584

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download