GSFA Advanced Rebate Program (ARP) Program

Provides Bridge Financing for Energy Storage Technology

FREE Live Webinar
for Contractors/Developers
January 28, 2021 | 10:00 AM

Webinar Presents New Finance Program that Helps Contractors Close More Jobs


California’s Self-Generation Incentive Program (SGIP) has payment levels that are typically high enough to pay the entire cost of a residential battery storage system installation. The problem (until now) has been that the SGIP incentive was paid as a reimbursement, forcing either contractors or customers to float the cost of each project. The new Golden State Finance Authority Advance Rebate Payment Program (GSFA ARP), is a zero dollar down/zero percent interest bridge finance tool that covers these upfront costs. This finance product, funded by the California Energy Commission and the US Department of Energy will cover any residential installation that fits within certain guidelines for geographic location and end use. This means no credit checks, no income verification, or any other form of customer underwriting: If the home is in the right location and the resident has one of the qualifying end uses, then the project will be funded at no cost or interest to either the customer or the contractor. Even better, GSFA is launching a marketing campaign to generate customer leads for contractors enrolled in the program.

Program enrollment is fast and easy. This webinar will help by covering the following:

  • SGIP and GSFA ARP Fundamentals
  • Contractor Eligibility and Enrolment Process
  • Program Marketing Activities and Tools
  • Timeline

 

These funds are going quickly.
Don’t miss this opportunity to learn how to get your fair share —

 

 

 

Purpose of GSFA Bridge Financing for Developers



The Self-Generation Incentive Program – Equity Resiliency Budget (SGIP-ERB) under the California Public Utilities Commission (CPUC) provides incentives to cover the cost of equipment and installation of energy storage technologies to customers in California who live in Tier II or Tier III High Fire Threat Districts (HFTD) or have had two or more Public Safety Power Shutoff (PSPS) events and require electricity for medical, health and safety.

Though these incentives are generous, it can be financially challenging for Homeowners to pay for services and equipment between the time of installation and program reimbursement.

THE GSFA ARP Program can help eliminate this issue by providing up-front funding to the Developer on behalf of the homeowner, which in turn will allow for broader consumer and developer participation in the SGIP-ERB Program.

 

How Does the Funding Distribution to the Developer Work?

GSFA will distribute funds to the Developer in two installments. The first before project implementation to help the Developer with the procurement of equipment and other related items, and the second after the project is complete and meets GSFA requirements in the GSFA ARP - Agreement.

 

Energy Storage Systems for Qualifying Homeowners

In January of 2020, the California Public Utilities Commission (CPUC), established new budgets and modified incentives to continue funding its Self-Generation Incentive Program (SGIP) as part of ongoing efforts to strengthen community wildfire resiliency throughout the state.

The incentives focus on installation of energy storage technologies to service communities most impacted by Public Safety Power Shut-off (PSPS) events and/or located in Tier II or Tier III high fire threat districts. Battery storage can be an important component of an emergency preparedness plan in the event of a power outage.

The SGIP Equity Resiliency Budget (SGIP-ERB) rebates most, if not all, of the cost of an appropriately sized energy storage system.

 

The SGIP Program targets:

  • Tier II and Tier III High Fire Districts;
  • Customers experiencing multiple PSPS;
  • Disadvantaged and low-income customers;
  • Medically vulnerable households; and
  • Customers who rely on electric wells.

 

 

 

 

 

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