$350,000 or ten times the amount of estimated savings
up to $350,000 or ten times the amount of estimated savings, whichever is less
Anaheim Public Utilities offers low-cost financing for energy efficiency measures through State Assistance Fund for Enterprise, Business and Industrial Development Corporation ([http://www.safe-bidco.com SAFE-BIDCO]). Under this program, Anaheim customers can obtain low-interest loans with no application fees or points.
Anaheim Public Utilities will provide a free energy audit and analysis as required by SAFE-BIDCO to identify and verify energy uses and needs, and evaluate the feasibility of potential measures to improve efficiency.
Small businesses, some landlords and nonprofit organizations can apply; 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 loan covers measures that conserve, produce or control energy use in new or existing facilities.
* Lighting changes
* Management systems
* HVAC system upgrades
* Alternate energy systems
* Pump, process or refrigeration system improvements
* Other projects conserving energy equal to 15% of normal usage or manage load
The $150 application fee is waived for Anaheim businesses. Collateral will be required on all loans.