GoGreen Business Energy Financing Contractor Newsletter  |  March 23, 2022

Last Chance to Submit Projects for 0% Interest Promotion

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.
Ascentium Contractor Contact:
James A. Miller
(713) 634-4819
DLL Contractor Contact:
Gillianne Daum
(267) 637-9924
* 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.

On-Bill Repayment is Now Live –
Join Us on April 27 to Learn More

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:
  • Learn how on-bill repayment works, what projects are eligible, and why your customers will love it
  • Meet the first three finance companies offering on-bill repayment: Prime, Renew, and Verdant
  • Ask questions about the available financing options and how to present them to your customers
  • 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.
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
•    Loans and equipment leases
•    $100,000 to $5 million
•    Options available for cannabis projects

Contact: Scott Pinckard
(630) 200-7376
•    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
•    Equipment leases
•    $25,000 to $5 million
•    Convenient mobile app for financing info

Contact: Jonathan Wickersham
(248) 860-0013
Click here to learn more about all of the GoGreen Business finance companies.
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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