Yes, we have closed these discontinued rate plans to new enrollment and plan to move customers to their designated TOU rate plan beginning in late 2021. Some customers with legacy solar generating facilities may be allowed to stay on until 2024 at the latest, depending on the Permission to Operate (PTO) date or when they last took service on the rate.

We will send you two surveys to complete and return throughout the study, along with tips on how to reduce your overall electricity costs while participating on a TOU rate. In addition, you will receive three study reward payments in the form of bill credits throughout the duration of the study.

Bundled OBF Loan - Aggregated OBF loan comprised of two or more Governmental and Institutional loans.

1. Applicants seeking to change an application in ways that impact energy savings, or bill neutrality, will be required to submit a new application. No amended applications will be accepted.
2. An Authorized Customer representative (as specified in the OBF application) must sign a copy of the final energy efficiency project invoice. The signed final invoice will be used as the basis for evaluating project costs for the purposes of the final OBF loan amount calculation.
3. Loan Proceeds will be issued to end-use customers unless the applicant designates Trade Professional1 as the Payee for loan proceeds in writing, at the time of OBF Loan Reservation Approval.
4. No third-party financial institutions may receive loan proceeds check issuances from SCE unless they are designated as the Trade Professional by the customer and are compliant with SCE’s TradePro Participant guidelines.
    

Customers requesting a change of the company representative’s name on their OBF application prior to receiving the loan funds, will be required to complete an OBF Name Change Form.

Additionally, loan approval will be dependent on a new Touch Point Checklist to be completed by the new applicant. This is required to ensure the person signing for the loan is aware of the OBF terms and conditions. 

The maximum loan amount is the difference between the final approved total project cost of the installed, eligible energy efficiency solutions, and the incentives paid by SCE for the energy efficiency project. Loan funds must be used for the purchase and installation of qualified energy efficiency equipment.

The factors determining the final loan amount are: 

1. Estimated Bill Neutrality: The monthly loan repayment amount is calculated to be approximately equal to the estimated monthly dollar savings on your SCE utility bill as a result of your energy efficiency project.
2. Loan Amount Limits: The loan amount for any one service account cannot exceed the established loan term limits by customer segment.

The factors determining the final loan term are: 

1. The effective useful life of the measures being financed. The effective useful life (EUL) of a Measure or Solution is an average length of time a Solution may be operational, based on historical analysis.
   • If there is more than one Solution installed, the EUL of all installed Solutions will be that of the Solution which contributes the greatest energy savings to the project.
   • Net Metering Energy Consumption (NMEC) projects have an EUL equal to the weighted average of all measures included in the project.
   • Strategic Energy Management (SEM) projects, have an EUL of five years.
   • Behavioral Retro Commissioning (BRO) measures, have an EUL of three years.
2. Loan Term Limits: The OBF loan term will not exceed the customer segment cap or the estimated bill neutrality calculation.

How will the loan be repaid? 
SCE will bill each monthly installment as a line item on your utility bill according to the terms of the Loan Agreement until the loan is paid in full.  You may repay the loan in its entirety at any time with no penalty or additional cost. Pre-payments for less than the remaining loan balance are not permitted. 
 

Loan limits vary by customer segment. Loan limits apply to the Service Account (SA), so customers with multiple SAs may take loans under each SA, subject to terms and conditions. The following table shows the funding limits and terms for different Customer segments:

Loans over $250,000 will be funded without incentives. Customers will have the option of choosing a loan amount up to $250,000 and qualify for incentives through an eligible energy efficiency incentive program, or to receive a loan amount over $250,000 and waive incentives from an eligible energy efficiency incentive program. In all cases OBF projects are required to meet all the requirements from the incentive program used to qualify for the loan.

Exception Caps: Maximum $4,000,000 per Service Account for all customer segments. Exception caps require SCE management approval on a case-by-case basis. Other restrictions may apply.

Bundled OBF Loans: Government and Institutional customers can bundle multiple loans under the same Customer Account to meet the $5,000 loan minimum.

Participation in a qualified incentive and/or rebate is required for OBF approval. OBF funding covers the remaining cost of qualifying energy efficiency measures after applicable incentives and/or rebates.

Time-Related Demand Charges apply year-round and are calculated per kilowatt (kW) according to the highest recorded demand during On-Peak and Mid-Peak hours, non-holiday weekdays. On-Peak TRD charges apply during the summer and Mid-Peak TRD charges apply during the winter.