Zero percent loans
Up to $10,000, zero interest, no money down, no credit check required
Zero percent loans help customers install electric water heaters, heating and A/C, and energy efficiency upgrades that reduce carbon emissions and energy use in the home. The loans are zero percent (0%) interest with no money-down for a term of up to 10 years (up to 5 years starting Oct. 1). The payments are conveniently included on your monthly electric bill.
You can check your eligibility by completing this form. Completing the form is optional and not required to secure a loan.
- Be a Peninsula Clean Energy customer on a residential rate
- Own the residence where the upgrades are installed
- Have a zero-dollar ($0.00) past-due balance on your last three PG&E billing statements
- Have no more than one other active zero percent loan with Peninsula Clean Energy
- Have a signed loan agreement prior to start of installation
- Install eligible upgrades with an approved contractor
- Heat pump water heater
- Heat pump for HVAC (heating, ventilation and air conditioning)
- Electrical panel upgrades
To qualify for a zero percent loan, a project must include either a heat pump water heater or heat pump for space heating and air conditioning. Gas-powered appliances are not eligible.
See “Upgrades and rebate details” (below).
- Get bids and select your contractor
Select from the “Upgrades and rebate details” table, and then from “Approved contractors” table (both are below). We recommend that you contact more than one contractor and compare.
- Apply for your loan
Once you select an approved contractor, apply here for your loan with your contractor bid. We will process your application within five (5) business days.
- Sign the loan agreement
Once your application is approved, we will email you the loan agreement. Your loan will be reserved after you’ve signed the agreement.
- Install the eligible upgrades
After you’ve signed the agreement, your approved contractor can install your upgrades.
- Project documentation and payment
Once installation is complete, your contractor will prepare forms for you to sign. They will submit those forms for you. We will email you final loan terms and send payment to your contractor for the loan plus applicable rebates.
- Make monthly payments
The loan will be added to your account. You repay your loan directly through your monthly electric bill.
|Heat pump HVAC – replace gas heater/furnace||$3,500 ($2,500 starting Oct. 1st)|
|Heat pump water heater – replace gas water heater||$3,000 ($2,000 starting Oct. 1st)|
|Electrical panel upgrade – bonus rebate||$1,500 ($1,000 starting oct. 1st)|
|CARE/FERA customer – bonus rebate||$1,000|
Customers must work with an approved contractor to be eligible for zero percent loans. If you have a preferred contractor that is not on this list, please encourage them to apply by email to Programs@PenCleanEnergy.com
|San Mateo Contractors||Telephone||Eligible upgrades offered1|
|ABC Services HVACfirstname.lastname@example.org||Heat pump HVAC|
|Air Care Heating & Coolingemail@example.com||Heat pump HVAC|
|Air & Plumbing Systemsfirstname.lastname@example.org||Heat pump water heater, heat pump HVAC, electrical panel upgrades|
|Alternative HVAC Solutionsemail@example.com||Heat pump water heater, heat pump HVAC|
|Artista Design Buildfirstname.lastname@example.org||Heat pump water heater, heat pump HVAC, electrical panel upgrades|
|Artisan Air Heating & Coolingemail@example.com||Heat pump HVAC|
|A-Team Constructionfirstname.lastname@example.org||Heat pump water heater, heat pump HVAC, electrical panel upgrades|
|Awesome Plumbingemail@example.com||Heat pump water heater|
|Barnett Plumbing and Water Heatersfirstname.lastname@example.org||Heat pump water heater|
|Bayshore Plumbersemail@example.com||Heat pump water heater|
|Bellows Plumbing, Heating & Airfirstname.lastname@example.org||Heat pump water heater, heat pump HVAC, electrical panel upgrades|
|Building Efficiencyemail@example.com||Heat pump water heater, heat pump HVAC|
|CastleWorks (Moore Mechanical)||firstname.lastname@example.org||Heat pump water heater|
|Clean Breeze Airemail@example.com||Heat pump water heater, heat pump HVAC, electrical panel upgrades|
|Comfort Energyfirstname.lastname@example.org||Heat pump water heater, heat pump HVAC|
|Consolid Incemail@example.com||Heat pump water heater, heat pump HVAC, electrical panel upgrades|
|Contra Costa Heating and Air Conditioningfirstname.lastname@example.org||Heat pump water heater, heat pump HVAC|
|DG Heating & Air Conditioningemail@example.com||Heat pump water heater, heat pump HVAC|
|DMG Enterprisesfirstname.lastname@example.org||Heat pump water heater, heat pump HVAC, electrical panel upgrades|
|Element Home Solutionsemail@example.com||Heat pump HVAC|
|Finest Heating & Airfirstname.lastname@example.org||Heat pump HVAC|
|Fuse Serviceemail@example.com||Heat pump water heater, heat pump HVAC, electrical panel upgrades|
|Galaxy HVAC Repairfirstname.lastname@example.org||Heat pump water heater, heat pump HVAC, electrical panel upgrades|
|Heating Cooling Appliance Techniqueemail@example.com||Heat pump HVAC|
|IRBIS HVAC||408-675-7765||Raymond@IrbisHvac.com||Heat pump water heater, heat pump HVAC|
|Marcucci Heating & Air Conditioningfirstname.lastname@example.org||Heat pump HVAC|
|Musial Heating & Airemail@example.com||Heat pump water heater, heat pump HVAC|
|Starburst Constructionfirstname.lastname@example.org||Heat pump water heater, heat pump HVAC, electrical panel upgrades|
|Rhino's Constructionemail@example.com||Heat pump water heater, heat pump HVAC, electrical panel upgrades|
|Residential Heating and Air Conditioningfirstname.lastname@example.org||Heat pump water heater, heat pump HVAC, electrical panel upgrades|
|Pacific Air USAemail@example.com||Heat pump water heater, heat pump HVAC|
|Plum HVACfirstname.lastname@example.org||Heat pump HVAC|
|Valley Heating, Cooling, and Air Conditioningemail@example.com||Heat pump water heater, heat pump HVAC|
|Villquin Air Servicesfirstname.lastname@example.org||Heat pump water heater, heat pump HVAC|
|Los Banos Contractors||Telephone||Eligible upgrades offered1|
|All American Plumbing Heating & Airemail@example.com||Heat pump water heater, heat pump HVAC|
|Cen-Cal Air||(209) firstname.lastname@example.org||Heat pump HVAC|
|Young's Air Conditioning||(209) email@example.com||Heat pump HVAC|
¹Only upgrades completed by an approved contractor are eligible for financing. For example, if you are using an approved contractor to install a heat pump water heater and a separate non-approved contractor to upgrade your electrical panel, the electrical panel would not be eligible for financing.
- Maximum amount you can borrow: $10,000 per household
- APR: 0%
- Fees: None
- Credit requirements: None
- Repayment terms: 2 to 5 years. You choose!
- Restrictions: You must be the owner of the property and have lawful authority to initiate and install the equipment
The following upgrades are eligible for financing:
- Heat pump water heater
- Heat pump for HVAC
- Electrical panel upgrades (main panel upgrade or sub-panel upgrade/addition)
- Insulation, air sealing, duct replacement, and smart thermostat
To be eligible for a loan, a project must include a heat pump water heater or heat pump HVAC system. Any upgrade not listed here is not eligible for financing. Only work completed by an approved contractor is eligible for financing. For example, if you are using an approved contractor to install a heat pump water heater and a separate non-approved contractor to upgrade your electrical panel, the electrical panel would not be eligible for financing.
Yes. Most of the eligible upgrades for the Zero Percent Loan Program are also eligible for a rebate from Peninsula Clean Energy and/or (in San Mateo County only) the BayREN Home+ program. The rebates reduce the total project cost and therefore the total amount borrowed. The rebates will be provided directly to your contractor, along with the amount borrowed, so that you do not have to put any money down for this amount.
Yes, the loan applies to the installed cost of your project, including both equipment and labor.
No. In order to receive a loan from Peninsula Clean Energy, the contractor you use must be a Zero Percent Loan Program approved contractor (see list above). If your preferred contractor is not already an approved contractor, please encourage them to sign up by contacting us at Programs@PenCleanEnergy.com.
Projects of any value are allowed, however you can only finance up to $10,000 of eligible upgrades. As an example, if your project costs $20,000 and you receive $4,000 in rebates, Peninsula Clean Energy will finance $10,000, and thus you will need to cover the remaining $6,000 up front with your contractor.
You can apply for up to two loans for a combined total of no more than$10,000 per electric account. As an example, you can have one $10,000 loan for one project or two $5,000 loans from separate projects. The combined borrowed amount cannot exceed $10,000.
No. Residents must apply, be approved for the program, and sign the Zero Percent Loan Agreement prior to completing the upgrades to qualify for financing.
It depends. The loanee must be the PG&E account holder. If you own the home and are the PG&E account holder (i.e. the bill is under your name), then yes, you qualify. If the PG&E account holder is your tenant, then you do not qualify.
Your loan payment will be itemized on page 4 of your bill (Details of Peninsula Clean Energy Generation Charges) in the line called “Energy Upgrade Loan Repayment <current payment count> of <total payment count>”. This line will tell you how many monthly payments you have left. On page 1 of the bill, however, the monthly loan payment will be combined with Peninsula Clean Energy’s monthly electricity generation charges into a single line.
Peninsula Clean Energy’s on-bill loan payment policies are the same as for Peninsula Clean Energy’s electric generation payments which can be found under our Delinquent Accounts and Bad Debt Collections Policy. Failure to make payments after 150 days may result in the debt being sent to a collections agency.
Neither applying for a loan nor having an active on-bill loan affects your credit report. However, per Peninsula Clean Energy’s Delinquent Accounts and Bad Debt Collections Policy, unpaid accounts may be referred to a collection agent, in which case your credit report would be impacted.
You can repay the loan over 2 to 10 years – you chose when you fill out your financing application. You can change the loan term before the installation is complete, however, once the installation is completed, this cannot be changed.
You may pre-pay the loan in full but we cannot process any partial pre-payments. Full loan pre-payments must be sent directly to Peninsula Clean Energy via check. You cannot make a pre-payment by overpaying your PG&E bill. Please contact us at programs@PenCleanEnergy.com to arrange details.
You will need to pay the balance of the loan in full. Any closure of the PG&E account will require payment of the balance in full. Send this payment directly to Peninsula Clean Energy via check, it cannot be done through payment of your PG&E bill. Please contact us at programs@PenCleanEnergy.com to arrange details.
No, the loan is associated with the PG&E account holder and PG&E account number of the property at the time the upgrades were completed. It cannot be transferred.
The Bay Area Regional Energy Network (BayREN) is a regional program for the Bay Area’s nine counties focusing on energy, water and greenhouse gas reduction. BayREN’s Home+ program offers rebates for energy efficiency and electrification upgrades.
In San Mateo County, Peninsula Clean Energy’s heat pump water heater rebates and heat pump HVAC rebates are integrated with the BayREN Home+ program. This allows customers who work with BayREN participating contractors to apply for rebates from both agencies through a single application process (BayREN’s). The BayREN program administrator reviews the application and documents and sends them directly to Peninsula Clean Energy, so that you or your contractor don’t have to submit them twice.
If you are not working with a BayREN participating contractor for your project, BayREN does not have a role in your project. All installation documents are submitted directly to Peninsula Clean Energy in this case.
Approved contractors are required to execute a program participation agreement with Peninsula Clean Energy. Contractors are also required to attend a Zero Percent Loan Program online training upon agreement execution. If your preferred contractor is not already an approved contractor, please encourage them to sign up by contacting us at Programs@PenCleanEnergy.com.
Many BayREN participating contractors are approved contractors for the Zero Percent Loan Program but not all of them are. Additionally, not all approved contractors are BayREN participating contractors. To be approved for Zero Percent Loan Program, contractors are required to execute a program participation agreement with Peninsula Clean Energy.
If you have further questions, please email programs@PenCleanEnergy.com with the subject line “Zero Percent Finance question”.
Payment for the amount borrowed plus any applicable rebates will be paid to your approved contractor on your behalf after installation is complete and the contractor submits the project documents to us. In all cases, the loan is paid to the contractor (not the customer) on the customer's behalf.