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 5 years. The payments are conveniently included on your monthly electric bill.

Qualifying applications must be for upgrades on the eligible list, include either a heat pump water heater or a heat pump for space heating and air conditioning, and be approved prior to start of installation.

You can check your eligibility by completing this form. Completing the form is optional and not required to secure a loan.

Customer eligibility

  • 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

Participation requirements

  • Have a signed loan agreement prior to start of installation
  • Install eligible upgrades with an approved contractor

Eligible upgrades

  • 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).

  1. 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.
  2. 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.
  3. 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.
  4. Install the eligible upgrades
    After you’ve signed the agreement, your approved contractor can install your upgrades.
  5. 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.
  6. Make monthly payments
    The loan will be added to your account. You repay your loan directly through your monthly electric bill.

Peninsula Clean Energy rebates make it easier for residents in its member communities to transition to a clean energy home. The following table outlines all of Peninsula Clean Energy home appliance rebates. Please read the terms & conditions for full eligibility details and program requirements.

Upgrade TypeRebate Amount
Heat pump HVAC
Replace gas heater/furnace$2,500
Heat pump water heater
Replace gas water heater$2,000
Replace electric resistance water heater$500
Additional rebate add-ons
Electrical panel upgrade$1,000
CARE/FERA customer$1,000

Additional rebates
Other regional, state, and federal programs offer incentives to help your transition to a clean energy home. We recommend using the Switch is On incentive finder tool for information about other rebates available to you.

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 ContractorsTelephoneEmailEligible upgrades offered1
ABC Services HVAC650-237-9095major@abcserviceteam.comHeat pump HVAC
Absolute Air Solutions510-901-7166a-airsolutions@outlook.comHeat pump HVAC
Ace Heating & Air Conditioning650-571-6236aceheating2@gmail.comHeat pump water heater, heat pump HVAC
Air Care Heating & Cooling408-809-7350info@hvac-aircare.comHeat pump HVAC
AIS Heating & Air Conditioning510-792-4328office@aisheatingandair.comHeat pump HVAC, heat pump water heater
Air Flow Pros415-400-5140service@afpheating.comHeat pump HVAC
Air & Plumbing Systems408-733-2000airandplumbing@hotmail.comHeat pump water heater, heat pump HVAC, electrical panel upgrades
All Bay Insulation HVAC408-482-5861bayventcleaning@gmail.comHeat pump water heater, heat pump HVAC
Alternative HVAC Solutions650-322-4328admin@alternativehvacs.comHeat pump water heater, heat pump HVAC
Aranda Air408-271-8835arandaairhvac@icloud.comHeat pump water heater, heat pump HVAC
Artista Design Build650-796-6724artistadesignbuild@gmail.comHeat pump water heater, heat pump HVAC, electrical panel upgrades
Artisan Air Heating & Cooling510-557-9889heatingandcooling@artisanair.netHeat pump HVAC
A-Team Construction408-482-2565ateampcp@gmail.comHeat pump water heater, heat pump HVAC, electrical panel upgrades
Awesome Plumbing650-660-5352awesomeplumbing123@gmail.comHeat pump water heater
Barnett Plumbing and Water Heaters925-872-0805info@barnettplumbing.comHeat pump water heater
Bayshore Plumbers650-323-6464bayshoreplumbers@gmail.comHeat pump water heater
Bellows Plumbing, Heating & Air877-477-7151rebate@bellowsservice.comHeat pump water heater, heat pump HVAC, electrical panel upgrades
Bennett General Contractors650-996-7264kgbennett1@yahoo.comHeat pump water heater
Building Efficiency415-831-4535info@buildingefficiency.netHeat pump water heater, heat pump HVAC
CastleWorks (Moore Mechanical)510-259-8775daniel.foidl@awhap.comHeat pump water heater
Clean Breeze Air408-202-9693syadgar@cleanbreezeair.comHeat pump water heater, heat pump HVAC, electrical panel upgrades
Comfort Air HVAC408-770-3370comfortair.hvacinc@gmail.comHeat pump water heater, heat pump HVAC
Comfort Energy408-263-3100info@comfortenergy.comHeat pump water heater, heat pump HVAC
Consolid Inc650-200-3251info@consolidinc.comHeat pump water heater, heat pump HVAC, electrical panel upgrades
Contra Costa Heating and Air Conditioning510-632-7699mainoffice@contracostaheating.comHeat pump water heater, heat pump HVAC
DG Heating & Air Conditioning408-201-9411dgheatoffice@gmail.comHeat pump water heater, heat pump HVAC
DMG Enterprises415-515-0007david.guan@dmg-construction.comHeat pump water heater, heat pump HVAC, electrical panel upgrades
Electric Air650-670-4860 shreyas@electricair.ioHeat pump HVAC
Element Home Solutions888-980-4822info@element-hvac.comHeat pump HVAC
emeraldECO408-623-7938diane@emeraldeco.comHeat pump water heater, heat pump HVAC, electrical panel upgrades
Excalibur Water Heaters415-725-5445excaliburwaterheaters@yahoo.comHeat pump water heater, electric panel upgrades
Finest Heating & Air650-665-3546office@finestheatingnair.comHeat pump HVAC
Flow Masters Plumbing415-993-2204service@flowmastersplumbing.comHeat pump water heater
Freon Service408-877-5557install@freonhvac.comHeat pump HVAC, electrical panel upgrades
Fuse Service936-570-4050rebates@fuseservice.comHeat pump water heater, heat pump HVAC, electrical panel upgrades
Galaxy HVAC Repair925-233-7378galaxyhvacrepair@gmail.comHeat pump water heater, heat pump HVAC, electrical panel upgrades
Golden Bear Heating & Air408-690-6476michelle@goldenbearhvac.comHeat pump water heater, heat pump HVAC
Giant HVAC510-624-4268joe@giant-hvac.comHeat pump HVAC
Heating Cooling Appliance Technique408-807-6641heatcoolappliances@yahoo.comHeat pump HVAC
HVAC & Insulation Gurus408-499-0494permits@insulationgurus.comHeat pump water heater, heat pump HVAC
Ignite HVAC650-603-1155david@ignitehvac.netHeat pump water heater, heat pump HVAC
IRBIS HVAC408-675-7765Raymond@IrbisHvac.comHeat pump water heater, heat pump HVAC
Jazz Home Services408-823-7588bozzi@calljazz.comHeat pump water heater, heat pump HVAC
Larratt Bros Plumbing650-873-5794 service@larrattbros.com Heat Pump water heater
Made Simple Heating and Air510-738-7559 info@madesimpleheatingandair.comHeat pump water heater, heat pump HVAC, electrical panel upgrades
Marcucci Heating & Air Conditioning650-556-1882admin@marcuccihvac.comHeat pump HVAC
Musial Heating & Air510-579-3075musialheating@gmail.comHeat pump water heater, heat pump HVAC
Nur HVAC408-471-6171nurservicehvac@gmail.comHeat pump water heater, heat pump HVAC
PAS Inc510-938-7671kyle@pasair.comHeat pump water heater, heat pump HVAC, electrical panel upgrades
Plum HVAC650-605-7034contact@plumhvac.comHeat pump HVAC
Precise Climate Solutions650-272-7001john@preciseclimatesolutions.comHeat pump HVAC
Premier Mechanical408-694-7262premierecobuilders@gmail.comHeat pump water heater, heat pump HVAC
Restart HVAC650-810-7090restart@restarthvac.comHeat pump water heater, heat pump HVAC
Rhino's Construction650-787-7160rian@rhinosgeneralconstruction.comHeat pump water heater, heat pump HVAC, electrical panel upgrades
Residential Heating and Air Conditioning408-377-4073cathy@resiheat.comHeat pump water heater, heat pump HVAC, electrical panel upgrades
Service Champions925-444-4444info@servicechampions.netHeat pump water heater, heat pump HVAC, electrical panel upgrades
Starburst Construction408-448-1328brian@starburstconstruction.comHeat pump water heater, heat pump HVAC, electrical panel upgrades
Techpro Builders650-360-9337office@techprobuilders.comHeat pump water heater, heat pump HVAC
Trio Heating & Air415-785-3502contact@trioheatingandair.comHeat pump water heater, heat pump HVAC
Valley Heating, Cooling, and Air Conditioning408-294-6290cfaulkner@valleyheating.comHeat pump water heater, heat pump HVAC
Villquin Air Services510-969-4380airservice@villquin.comHeat pump water heater, heat pump HVAC
Los Banos ContractorsTelephoneEmailEligible upgrades offered1
All American Plumbing Heating & Air209-509-4260info@allamericanpha.comHeat pump water heater, heat pump HVAC
Cen-Cal Air(209) 826-8058daisy@cencalair.comHeat pump HVAC
Young's Air Conditioning(209) 826-4807info@youngsair.comHeat 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.

  1. Maximum amount you can borrow: $10,000 per household 
  2. APR: 0% 
  3. Fees: None 
  4. Credit requirements: None 
  5. Repayment terms: 2 to 5  years. You choose! 
  6. 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:

  1. Heat pump water heater
  2. Heat pump for HVAC
  3. Electrical panel upgrades (main panel upgrade or sub-panel upgrade/addition)

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. All of the upgrades eligible for the loan are also eligible for a rebate from Peninsula Clean Energy. 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.

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.  

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 5 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.  

Approved contractors are required to execute a program participation agreement with Peninsula Clean Energy and attend a 30 minute online training on the program. If your preferred contractor is not already an approved contractor, please encourage them to sign up by contacting us at Programs@PenCleanEnergy.com.

If you have further questions, please email programs@PenCleanEnergy.com with the subject line “Zero Percent Finance question”.