Public Leadership Solutions for Energy (PULSE) Loan (California)

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Summary

Last modified on September 25, 2013.

Financial Incentive Program

Place California

Name Public Leadership Solutions for Energy (PULSE) Loan
Incentive Type State Loan Program
Applicable Sector Schools, Local Government, State Government
Eligible Technologies Custom/Others pending approval, Photovoltaics, Landfill Gas, Wind, Fuel Cells, Anaerobic Digestion, Other Distributed Generation Technologies
Active Incentive No

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount 2 million















Maximum Incentive None









Terms Tax-exempt market rates: for short-term or variable rate loans, currently as low as 3%; low longer-term rates ranging from 4.5-5% up to projects’ useful life
Program Administrator Consumer Power and Conservation Financing Authority
Website http://www.capowerauthority.ca.gov/financing/PULSE.htm
Date added to DSIRE 2002-07-19
Last DSIRE Review 2003-05-19



References DSIRE[1]


Summary

The California Consumer Power and Conservation Financing Authority (the Power Authority or CPA) has created the Public Leadership Solutions for Energy (PULSE) fund to provide loans to help finance energy efficiency and renewable energy projects in public buildings. The program is available to cities, counties, special districts, schools and community colleges across California, as well as State and other local agencies.

This loan pool overcomes limitations of other State energy loan programs by supporting larger transactions, a broader range of eligible technologies, and longer loan terms. Loan amounts of $2 million or more with no maximum are available for up to the expected life of the project. Tax-exempt market rates: for short-term or variable rate loans are currently as low as 3%; low longer-term rates range from 4.5-5% up to projects’ useful life. Fixed or variable rate debt options are available and bonds issued under the program will be insured. Agencies still can claim rebates, buydowns, and grants from other sources.

Eligible projects include Energy efficiency. Advanced building metering and controls. Thermal storage. On-site renewable energy (solar PV, small scale wind, biogas and landfill gas recovery). On-site distributed generation (fuel cells, micro-turbines, combined heat and power). Incremental costs of exceeding Title 24 building energy standards in new construction and major renovations (for green or sustainable buildings).

Financeable costs include feasibility and engineering design, performance guarantees, equipment warranties, project management (managing bidding, equipment procurement, construction management, and commissioning the final outcome).


Incentive Contact

Contact Name Lynne Butler
Department Consumer Power and Conservation Financing Authority

Address 901 P Street, Suite 142A

Place Sacramento, California
Zip/Postal Code 95814
Phone (916) 651-9750


Email cpapublicloans@dgs.ca.gov
Website http://www.capowerauthority.ca.gov/
     
     

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"