The Zero Net Energy San Mateo County Office building 3 (Credit: SOM)

GovBE: Electrification for public buildings

Program status: Expected to start in March, 2024

The GovBE program will help local governments convert methane gas to clean, efficient electricity in their buildings with grants of up to $600,000 per year and loans of up to $600,000 per jurisdiction.

The GovBE program will include two funding components:

  • Incentive funding that will be provided as a grant, which will not require repayment
  • A $14.5 million revolving loan that will require repayment as outlined below 

Incentive levels and limits 

Projects will be selected through a competitive process and incentives provided based on the following criteria: 

  • Maximum incentive based on projected methane savings at a rate of $16 per therm saved per year  
  • The maximum amount of incentive support available for each jurisdiction is $600,000 per year 
  • Must meet minimum 25% match requirements as outlined below 

Loan levels, terms, and limits 

Loans will be available to project awardees as follows:  

  • Total financing may not exceed the net cost of the project (total cost, less other funding and PCE incentives, less 25% cost share requirement) 
  • 7-year loan term 
  • 1% interest rate  
  • Minimum loan size of $50,000 per jurisdiction per year 
  • Maximum limit of $600,000 per jurisdiction per year 
  • Payments will be made monthly to Peninsula Clean Energy 
  • Must meet minimum 25% match requirements as outlined below 

Minimum 25% match requirements 

At least 25% of  project total cost must be covered by non-Peninsula Clean Energy funds such as existing local government capital improvement budgets, state or federal grants, or donations. 

Questions?

Email us with subject line “GovBE” at programs@pencleanenergy.com