Details | On Bill Repayment


Funder

 

Pacific Gas and Electric

Implementer

 

Pacific Gas and Electric

Description

 

On-Bill Repayment (OBR) is like On-Bill Financing, except a third a third party rather than the utility provides the upfront capital. Customers get the convenience of repaying the investment through a charge on their monthly utility and rates will vary based on the third-party financier. The Department of Energy notes that one of the biggest challenges is repayment allocation (i.e., who is paid first) because when customers partially pay their bills the utility usually covers the gas or electric charge first, increasing the risk to the lender, which is why credit enhancement is useful to attract private capital.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Secured Loan

Category

 

Financing

Territory

 

Pacific Gas and Electric

Applicant type

 

For Profit  |  Non Profit  |  Public Agency

Project

 

Rehabilitation of Existing Whole Building  |  Rehabilitation of Part of an Existing Building

Sector

 

Agricultural  |  Commercial  |  Industrial  |  Public

Sub-sector

 

City  |  County  |  Special Districts

Sustainability

 

Energy Efficiency in Buildings  |  Energy Management System

Small business

 

False

Disadvantaged communities

 

False

Cost sharing amount

 

None

Cost sharing percent

 

None

Cost sharing note

 

Minimum repayment years

 

None

Maximum repayment years

 

None

Interest rate comment

 

Incentive