On-Bill Financing (OBF)

Important Update: Effective April 15, 2011 at 5:00 pm Pacific Daylight Time (PDT), the OBF program will no longer accept new applications. The program’s suspension of new applications will remain in place until sufficient new OBF funding becomes available. OBF Loan reservations previously issued are continuing to be processed.

The $16 million in OBF Program funds are fully subscribed, and over $6.3 million in additional applications are Wait-Listed. If new OBF funding becomes available, Wait-Listed applications will be funded first, followed by new OBF applications as they are received and approved for eligibility.

As OBF issued loans are repaid, repayments are accrued and used to fund the next eligible OBF Application on its corresponding segment Wait-List (i.e., Small Business customers and Government and Institutional customers).

On-Bill Financing is provided and operated by SCE, and allows eligible customers to make payments as part of a line item on their SCE bill. This program offers a zero-interest loan for the installation(s) of qualified energy-efficient equipment.

With On-Bill Financing, you will enjoy:

• 0% interest loan
• No fees or loan costs
• Convenient loan repayment through your monthly SCE bill

Along with On-Bill Financing, you will also receive these benefits from your energy-efficiency project:

• Financial incentives for installing qualifying energy-efficient equipment
• Lower monthly electricity costs
• Long-term energy savings

Who is Eligible?

All SCE business customers are eligible. To participate in On-Bill Financing, you must:

• Apply for an Express Solutions (for projects not yet installed) or Customized Solutions energy efficiency incentive through SCE
• Have an active SCE account for a minimum of the last two years
• Be in good credit standing with SCE, meaning you have not had:
  • A disconnection notice
  • A 48-hour shutoff notice
  • A returned check in the past 12 months
  • A deposit to establish or re-establish credit in the past 12 months

What are the Loan Limits?

As of November 2, 2010, loan limits will be capped at the Service Account (SA) level, not at the Customer Account level. Customers with multiple SAs may have loans up to their SA cap at each SA. The following are the loan limits and terms for different types of business customers.

* Government and Institutional customers may designate one SA per facility** to receive loans up to a maximum total of $1 million. All other SAs at the facility (if any) must abide by the $250,000 Service Account cap.

**Facility is defined as a building or a single location that provides a particular service or is used for a particular purpose.

How is the Loan Term and Amount Calculated?

The loan term is based on:

• the effective useful life of the installed equipment chosen through the eligible program(s); and
• the qualifying project costs and estimated annual energy savings, not to exceed the maximum loan amount.

The loan amount is calculated based on the difference between the total qualifying project costs and the incentive received from SCE.

Loan funds must be used for the purchase and installation of qualified energy efficiency equipment.

This program is funded by California utility customers and administered by Southern California Edison under the auspices of the California Public Utilities Commission. This program is offered on a first-come, first-served basis and is effective until funding is expended or the program is discontinued by the California Public Utilities Commission. This program may be modified or terminated without prior notice.