General Program Reference

Customer is subject to all Program Terms and Conditions and should therefore read, understand, and agree to these requirements prior to submitting an Application.

By submitting an OBF application, the Customer agrees to the Terms and Conditions for participation in the On-Bill Financing (“OBF”) Program (the “Program”) as set forth herein and in the On-Bill Financing Program Manual.

THIS IS NOT THE OBF LOAN AGREEMENT, WHICH MAY BE EXECUTED BY THE CUSTOMER ONLY AFTER THE APPLICATION IS APPROVED, THE PROJECT COMPLETED, AND THE FINAL LOAN AMOUNT DETERMINED, IN ACCORDANCE WITH PROGRAM RULES. IN THE CASE OF ANY CONFLICT BETWEEN THESE PROVISIONS AND THE ON-BILL FINANCING LOAN AGREEMENT, THE TERMS AND CONDITIONS OF THE ON-BILL FINANCING LOAN AGREEMENT SHALL CONTROL.

The Terms and Conditions of the On-Bill Financing Program may be modified or terminated without prior notice. Customer agrees to the Terms and Conditions effective at the time Application is submitted by the Customer.

OBF – Program Description 

The Program is offered by Southern California Edison Company (SCE) to qualified SCE non-residential service customers and multi-family property customers (Customer) to offset the cost of purchasing and installing eligible energy efficiency equipment (Solutions). Through OBF, qualified Customers will receive zero percent (0%) interest, no-fee, unsecured financing for Solutions that qualify for an eligible SCE energy efficiency program. Loans totaling over $250,000 per Service Account will be issued without incentives or rebates. Financing is available within the On-Bill Financing Program loan limits for up to one hundred percent (100%) of the actual installed cost of approved Solutions, less rebates or incentives received by Customer from SCE under applicable Eligible Program(s).

OBF - Key Loan Terms  

This section provides a non-exhaustive list of some of the key Loan Terms contained in the On-Bill Financing Loan Agreement, for information purposes only.

Amount Financed and Loan Terms. The OBF Loan Agreement shall set forth the amount financed, based on the calculations described in the OBF Application, the loan term, payment amounts, and service accounts to be billed.

Prepayment and Partial Payments. Customer may pay the Loan in monthly installments or pre-pay the entire Loan in one lump sum without penalty, but pre-payments for less than the remaining balance is not allowed. Any partial payments will be applied in equal proportion to the energy charges on the bill and the Loan, and the Customer will be considered to be delinquent and in default of both the energy bill and the Loan.

Late Payments. No late payment charges or interest will be assessed for delinquent payments on the Loan Obligation. However, SCE may assess late payment charges for delinquent payments of energy charges pursuant to SCE’s Rule 9 which is incorporated herein by reference.

Returned Payments. SCE may require payment of a Returned Check Charge for any check returned from Customer’s financial institution unpaid. The Returned Check Charge will also apply to any forms of payment that are subsequently dishonored.

Discontinuance of Service. Amounts due under the OBF Loan Agreement will be amounts deemed due under each SCE utility bill to the Customer’s Service Account(s), and a default under the OBF Loan Agreement will be treated as a default under the Customer’s Service Account(s). Customer’s Loan Obligation (as defined in the OBF Loan Agreement) is subject to the discontinuance provisions of SCE’s Rule 11, Discontinuance and Restoration of Service, Section B, Nonpayment of Bills or Summary  

1. Breach and Acceleration. SCE may determine the OBF Loan Agreement to be breached and Customer to be in default if Customer: (1) sells, assigns, or otherwise transfers ownership, possession, or title of the Site or the  Equipment, (2) fails to pay the Monthly Payment amount when due, (3) closes, discontinues, or otherwise causes the termination of the Service Account(s), or (4) fails to complete the final energy savings verification for Normalized Metered Energy Consumption (NMEC) verified projects, or (5) otherwise breaches the OBF Loan Agreement, and the breach is not cured as specified therein. A breach and default as set forth in this section shall not be subject to any additional cure period. Following a breach as set forth in this section, SCE shall have the right to declare the entire unpaid balance of the Loan Obligation immediately due and payable.

Description of Additional OBF Loan Agreement Provisions. (1) the OBF Loan Agreement shall continue in effect until the Loan is paid in full; (2) Customer may not assign its rights or delegate its duties under the OBF Loan Agreement without SCE’s express written consent; (3) the OBF Loan Agreement can only be modified or amended through a signed writing by both Customer and SCE, except that, in any given month that Customer does not make full payment on the Loan Obligation, SCE may make payment arrangements, in SCE’s sole discretion; and (4) the Customer must represent and warrant that he or she is duly authorized and has the legal capacity to execute and deliver the OBF Loan Agreement on behalf of Customer, and to perform Customer’s obligations under the OBF Loan Agreement.

Conflict Between Terms 

If there is any conflict between this OBF Application and the OBF Loan Agreement, the OBF Loan Agreement shall control.

Limitation of Funding 

Funding for the Program is limited and is offered on a first-approved first-served basis until funding is fully reserved, expended, or the Program is terminated, whichever comes first. Customer understands that this application is for approval of a reservation of loan funds only. Issuance of OBF loan funds is conditioned on Customer's installation of approved Solutions in accordance with the selected Eligible Program(s), the satisfaction of all Eligible Program requirements, and execution by Customer of the On-Bill Financing Loan Agreement.

Incentive Waiver Acknowledgement for loans over $250,000 per Service Account 

Customers receiving loans over the amount of $250,000 per service account will not be eligible for other rebates or incentives, even though customers are required to meet eligibility criteria for the relevant Eligible Program(s) in order to participate in OBF.

Customer Provided Project Information 

Customer is required to complete the supplemental Project Matrix form after submitting its OBF application, and again when providing their installation report. The monthly Loan repayment amount will be approximately equal to the estimated monthly dollar savings Customer is expected to receive through its SCE utility bill based on the energy savings proposed on the supplemental Project Matrix form. Any misrepresentation of energy savings could affect the Customer's overall energy bill.

Verification and Certification

Customers must certify that the financed project would not have been undertaken in the same capacity if it was not for the availability of the OBF loan and that all the information provided in the OBF Application is true, correct, and complete. Customers must meet all eligibility criteria and requirements of both the OBF program and my selected Eligible Program(s) in order to participate in OBF. Customer understands SCE reserves the right to request additional information to verify eligibility for OBF.