Financing for Heat Pumps and Other Electric Measures Now Available to More Customers

GoGreen Home is expanding and simplifying! Through a new partnership with the TECH Clean California Initiative (TECH), you will be able to offer GoGreen Home financing for heat pumps and other electric measures in Publicly Owned Utility (POU) territories, so long as the property receives gas from an IOU (SDG&E, PG&E or SoCalGas). For example, electric measures in SMUD or LADWP territory will become eligible for financing up to the program maximum of $50,000, provided the property also receives gas from PG&E or SoCalGas.

Old rule: Customers served by a gas IOU and electric POU, like SMUD or LADWP, were limited to financing electric measures (up to only 30% of their total loan amount).

New Rule: As long as a customer has gas service from PG&E, SoCalGas or SDG&E, there is no limit to the amount of electric measures they can finance!

These customers can finance an entirely electric project – 100% of the project, up to $50,000
Heat pumps, which are critical to California’s decarbonization efforts, are now available everywhere!
Electrical panel upgrades can also be financed to support the heat pump installations

You can begin planning and selling these projects today!

Start Using the Updated Itemized Invoice

As we noted earlier this month, small but important updates have been made to the Itemized Invoice to accommodate this expansion. You’ll also notice now that eligible measure IDs can be selected from a drop-down list. Contractors should begin using the dark green version dated 2/23/22 for projects as soon as possible. The old Itemized Invoice (blue version) will sunset by March 18.

If you have recently opened the Itemized Invoice, you may need to clear your browser’s cache or open the link in a private browser window to view the new version.

About GoGreen Financing

GoGreen Financing provides information about the GoGreen Home Energy Financing program and other state-administered energy efficiency financing programs. GoGreen Home 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®).