Description

Los Angeles Department of Water and Power and SAFE-BIDCO (a state-owned small business assistance agency), in cooperation with the California Energy Extension Service, offer loans of up to $200,000 to small businesses, some landlords, and non-profit organizations who wish to increase the energy efficiency of their facilities. In general, an applicant must not have a net worth in excess of $6 million nor have average net income in excess of $2 million. The financing can be used for any project that conserves energy equal to 15% of normal usage, or manages load. Loan funds cannot be used for operrating, maintenance, routine repair or fuel costs.