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GoGreen Business Energy
Financing Contractor Newsletter |
March 23, 2022
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Last Chance to Submit Projects for 0%
Interest Promotion
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GoGreen
Business Energy Financing is winding down the
promotion that can bring your customer’s interest rate
down to as low as 0%*. Your last chance to take
advantage of this promotion is just around the
corner!
If you have a project in mind that may benefit from a
reduced interest rate, please note that the finance
company must make their reservation for the promotion
with the GoGreen Business program by April
1. Projects that receive the
promotion will need to be completed by May 1,
2022. Finance company contacts are
provided below.
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Ascentium Contractor
Contact:
James A. Miller
(713) 634-4819
Email
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DLL Contractor
Contact:
Gillianne Daum
(267) 637-9924
Email
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* The maximum value of
the promotion applied to a contractor’s first
project is $4,500, with a maximum value of
$3,600 for subsequent projects. The value
of the promotion will be calculated based on the
present value of the reduced monthly payments to
the lender over the course of the term,
resulting from the interest rate reduction. The
discount rate applied to reach the present value
will be the original interest rate. The GoGreen
Business team has made $50,000 available for
this promotion, with funds granted on a
first-come, first-served basis following
pre-approval of qualifying projects.
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On-Bill Repayment is Now Live –
Join Us on April 27 to Learn More
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Customers of SoCal Edison, SoCal Gas, and San Diego Gas
& Electric can now access on-bill repayment,
a convenient way to repay financing. This exciting
new feature allows your customer to make payments to a
private finance company for their GoGreen Business
upgrade on the same bill as their usual utility charges.
Pacific Gas & Electric will begin offering on-bill
repayment later this year.
You’re invited to an On-Bill Repayment
Roundtable on April 27 at 10am where you
can:
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Learn how on-bill repayment works, what projects
are eligible, and why your customers will love
it
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Meet the first three finance companies offering
on-bill repayment: Prime, Renew, and Verdant
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Ask questions about the available financing
options and how to present them to your
customers
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Connect with the GoGreen Business team, who can
help with project eligibility screening and
questions about the program
To register for the roundtable, email gogreen@treasurer.ca.gov
with your name and company. Our team will respond with
the Zoom link for the event.
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Already have a project in mind that could use
on-bill repayment? Check out our at-a-glance
checklist to determine eligibility and reach out
to one of our finance companies participating in on-bill
repayment.
On-Bill
Repayment Finance Companies
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• Efficiency service
agreements
• $250,000 to $5
million
• Customer is
guaranteed to save on their energy
bills
Contact: Michael
Savage
(888) 938-6256 ext. 703
msavage@renewep.com
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• Equipment leases
• $25,000 to $5
million
• Convenient mobile
app for financing info
Contact: Jonathan
Wickersham
(248) 860-0013
jwickersham@verdantcc.com
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Click
here to learn more about all of
the GoGreen Business finance companies.
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About GoGreen
Financing
GoGreen Financing provides
information about the GoGreen
Business Energy Financing program
and other state-administered energy
efficiency financing programs.
GoGreen Business is open to
California residents who own or rent
a property that receives service
from one of the state’s major
investor-owned utilities (PG&E®,
SDG&E®, SCE® or SoCalGas®).
Learn more at GoGreenFinancing.com.
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