Lodi Energy Efficiency Financing (LEEF) assists eligible, qualifying commercial/industrial customers in paying for energy efficiency improvements via their City of Lodi utility bill.
Who is eligible to participate, and what are the requirements?
The Customer must be assigned to the G1, G2, G3, G4, G5 and/or I1 electric utility rate and meet all the following requirements.
- Be current on all utility charges, with no late charges for the past 18 months;
- Have an active City of Lodi utility account for the past 18 months;
- Be eligible for and receive a Lodi Commercial or Industrial Rebate;
- Submit a contractor’s proposal; and
- Complete an energy audit by LEU energy efficiency representative.
How do I apply?
Pre-approval is required. Complete the Lodi Energy Efficiency Financing Pre-Approval Application below to begin the process.
This program requires pre-approval of both the eligibility of the project and the customer’s ability to participate.
Once pre-approved, the following documents must be completed in full, signed by all relevant parties, and submitted to rebate@esgroupllc.com.
If documentation is complete, a review will determine loan eligibility and will be communicated to you via email.
Program Documents:
Lodi Energy Efficiency Financing Program Agreement
How is the Loan Term calculated?
The loan amount is determined by utilizing this formula: total loan amount (after rebate) divided by 24 months (life of loan) = monthly loan payment.
The loan funds must be utilized for purchasing and installing qualifying energy conservation measures identified in the Lodi Commercial/Industrial Rebates programs.
Lodi Energy Efficiency Financing example
Project cost: $20,000
Rebate: $7,500
Loan amount: $12,500
Lodi Energy Efficiency Financing loan installment: $521/month
What are the loan limits?
The project cost—after rebate is applied—must be a minimum of $1,500. Loan maximum per “customer of record” is $50,000 for commercial/small industrial customers assigned to the G1 or G2 rate; and up to $150,000 for customers assigned to the G3, G4, G5, or I1 rate, with a maximum 2-year, zero (0) percent loan term.
Contact
For more information, please call Lodi Electric Utility at (209) 333-6800.