Back to Find Financing Print Preview >

Finance Vendor Details

On Bill Financing by Southern California Edison
Property Types
Program Description
On-Bill Financing provided by Southern California Edison (SCE) offers a zero-interest unsecured loan for the installation of qualified energy-efficient equipment. It allows eligible customers to make payments as part of a line item on their utility bill. Those who take advantage of this program must also apply for and receive incentives and/or rebates.
On-Bill Financing provided by Southern California Edison (SCE) offers a zero-interest unsecured loan for the installation of qualified energy-efficient equipment. It allows eligible customers to make payments as part of a line item on their utility bill. Those who take advantage of this program must also apply for and receive financial incentives and/or rebates.
Verified by Lender on: 12/5/2016
12/21/2016
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Types of Financing
Unsecured
Financing & Payment Information
Term (years):
5
Minimum Amount:
$5,000
Maximum Amount:
$100,000
Fees:
None
Money Down Required:
No
Repayment Method:
On-bill financing
Payment Frequency:
Monthly
Pre-Payment Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds Demand Response projects
Other Program Requirements
Contractors
Must be program-approved
Financing Approval Time
More than 48 hours
Equity in Property Needed
No

Financial Products

Lien type Unsecured loanUnsecured loan
Re-Payment Method On-bill financingOn-bill financing
Property Types
Automatic payment option available YesYes
Requires utility incentive program participation YesYes
Must use Program's pre-approved contractors YesYes
One-time fees (% of total financing)
One-time fees (fixed)
Ongoing fees
Financing Amount $5,000 - $250,000$5,000 - $100,000
Financing Term (yrs.) 5 year(s)5 year(s)
Rate 0%0%
Money Down Required? NoNo
Credit Enhancement Available NoNo
Transferrable NoNo
Prepayment Penalty or Fee NoNo
Tax Deductibility NoNo
Minimum Credit Score Required
Equity in Property Required NoNo
Debt to Income Ratio Required NoNo
Involuntary Property Liens Allowed YesYes
Foreclosures Allowed
Bankruptcies Allowed
Mortgage Lender Consent/ Acknowledgement NoNo
Must be current on property taxes NoNo
Must be current on mortgage NoNo
Loan to value
Debt Service Coverage Ratio NoNo
Financing Approval Time More than 48 hoursMore than 48 hours
Projected Energy Savings/Cash Flow is considered YesYes
Must be current on utility bill YesYes

Upgrades Covered

No Results

FAQ's

Through our Contractor Marketplace, you can search for contractors and find the right fit for your project. You find out details about the contractor such as what types of certifications they have and where they are located. You can also directly find reviews when available. From there it is easy to connect and get started with your projects. A quality installation of equipment increases the benefits and efficiency of your new equipment.