Anaheim Public Utilities offers low-cost financing for energy efficiency measures through State Assistance Fund for Enterprise, Business and Industrial Development Corporation (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, including:
- Lighting changes
- Management systems
- HVAC system upgrades
- Alternate energy systems
- Pump, process or refrigeration system improvements
- Other projects that conserve energy equal to 15 percent of normal usage or manage load
$150 application fee is waived for Anaheim businesses. Collateral will be required on all loans. See the program website for specific information and loan guidelines.