Financial Services Partner for Residential Electrification

Financial Services Partner for Residential Electrification

Release Date

September 2, 2025

Response Due Date

October 16, 2025 at 5:00pm PT

Peninsula Clean Energy (“PCE”), a California Joint Powers Authority, is seeking proposals from interested vendors for financial services for residential electrification and solar plus storage systems.

PCE operates a number of services to help our customers deploy electric home appliances, electric vehicle chargers, and behind-the-meter solar + battery storage. The services we offer span multiple program models, such as providing rebates for home appliances, organizing turnkey installations, and financing equipment with on-bill repayment.

PCE’s goal is to achieve greater scale across the general PCE customer class to meet its decarbonization goals, and third-party financing is key to achieving that scale.

This RFP aims to identify a financial services partner who can provide financial services with lower friction and improved interest rates. This RFP is associated with a second RFP for a solar developer for third-party-owned solar and storage (link) but is independent of that RFP. Proposers may submit proposals on one or both.

Participating Agencies

A number of peer agencies may “piggyback” on this solicitation.  These agencies may participate in the solicitation process including reviewing proposals, participating in interviews and/or other aspects of the process. These agencies may include:

  1. CleanpowerSF
  2. The City of Palo Alto
  3. San Jose Clean Energy
  4. Silicon Valley Clean Energy
  5. Sonoma Clean Power
Questions

Proposers may submit questions concerning the RFP at [email protected], subject “Questions - <Vendor Name> – Residential Financing” until September 11, 2025 at 5:00pm PST.

 

Submission Instructions

Interested contractors should read the entire RFP document in the Attachments section below. The RFP includes important details on eligibility, proposal requirements, and evaluation criteria.

To be considered, contractors must submit a complete proposal that includes all required information. Incomplete proposals may be disqualified.

Proposals must be received by October 16, 2025 at 5:00pm PT and emailed to [email protected] with the subject:

"Proposal - <Vendor Name> - Residential Financing”

Key Dates

RFP released
September 2, 2025
Deadline to submit questions
September 11, 2025 at 5:00pm PT
PCE responses to be posted on PCE website
September 25, 2025
Deadline for proposal submission
October 16, 2025 at 5:00pm PT
Proposal review complete
October 30, 2025
Interviews
November 3-14, 2025
Notice of Award
December 1, 2025
Contract execution
January 2026
Project kickoff
February 2026

Attachments

PDF
Financial Services Partner for Residential Electrification RFP (Updated September 19, 2025)
DOCX
Attachment A - PCE Contract Template for Financial Services
PDF
Q&A for Residential Financial Services RFP