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San Jose Home
Energy and Water Efficiency Upgrade Financing
Recently, a postcard was mailed to homes in various San José zip codes by The City did not authorize this mailing, and does not endorse the statements made in the postcard. See information on this page concerning energy and water efficiency financing options.

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Financing Options
Upgrading buildings with energy and water efficient improvements is a great way to help the environment, potentially save on utility bills, and meet local and state sustainability goals. Homeowners and commercial property owners in San José have many options for financing green building upgrades. Examples of upgrades include lighting improvements, solar panels, water efficient landscaping, and much more.

Below are examples of finance options available in San José. Each financing option may only be applicable to different types of energy and water efficiency upgrade projects.

Air conditioning systems, drip irrigation systems, and a man replacing a window 
  • Electrify San José – Heat Pump Water Heater Incentive Program
  • Expected to launch in fall 2019, Electrify San José is a new program that will provide incentives for households to switch from a natural gas water heater to an electric heat pump water heater. Qualified low-income households are eligible for additional incentives. Join our mailing list to be the first to know when the program launches. Learn more.

  • Property Assessed Clean Energy (PACE)
Enables homeowners and commercial property owners to finance upgrades by attaching an assessment on the property tax bill that can be paid over time. If the property owner defaults on payment, the property may be foreclosed on by the PACE provider. Learn more.

  • GoGreen Financing
This loan program was developed by the State of California for homeowners, renters, affordable multifamily housing owners, businesses, non-profits, and public entities. Residential loans do not require home equity, have no fees, and 30 percent of it can fund any renovation project. Learn more.

  • On-Bill Financing (OBF)
Offered through PG&E for commercial property owners, this interest-free option does not require money down and is paid on the utility bill. It is limited to energy efficiency projects in the PG&E rebate program. Learn more.

  • Energy Savings Agreement (ESA)
Contracts administered by third parties that package energy efficiency as a service that commercial property owners pay for through energy savings.

  • Home Equity Loan
Conventional loan option for homeowners or commercial property owners in which the borrower pledges an asset as collateral. If the loan defaults, the property may be foreclosed on by the lender.

  • Lease
Homeowners and commercial property owners can lease energy equipment or a solar system, while making regular payments to lessor over time. The lessor owns the equipment, but the lessee may be able to purchase it at the end of the lease.

  • Unsecured Loan (Credit Card)
Loan option for homeowners and commercial property owners that does not require collateral, but does have credit requirements.

Financing Options Assistance for Residents

BayREN Logo The Bay Area Regional Energy Network (BayREN) Home+ Program provides energy efficient rebates, resources, and assistance over the phone to help navigate energy efficiency project financing, understand contractor bids, and more. Call 866-878-6008 today to speak with an Energy Advisor. Learn more.
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