On Bill Financing

On August 2, 2010, the Southern California Edison Company made funds available to government agencies and businesses at a zero percent interest for energy efficiency projects. The program provides capital for agencies (like the city) to fund energy efficiency projects. These projects will benefit Edison by reducing the demand for electricity during peak usage and benefit the customer by reducing energy consumption and the electric bill.

  • Cost to retrofit 16 projects (buildings in the city) is approximately $230,000.
  • Approximately $27,000 of the $230,000 will be rebated, reducing the total project cost.
  • $250,000 have been financed so additional projects will be possible.
  • It will take between 3 and 5 years for the city to pay off the loan, and it will start saving on energy costs every year thereafter.
  • An AC control/lighting system has been created that allows the city?s facilities department to manually change temperatures/lighting of various city buildings to decrease energy usage and save costs.

View On Bill Financing Project Savings

On Bill Financing picture 13
On Bill Financing picture 7
On Bill Financing picture 3
On Bill Financing picture 2
On Bill Financing picture 11
On Bill Financing picture 10