California Lending for Energy and Environmental Needs (CLEEN)

Portal ID:
2007
Status:
Active
Opportunity Type:
  • Loan
Last Updated:
 | 

Details

Purpose:

IBank’s California Lending for Energy and Environmental Needs (CLEEN) program provides low-cost direct public financing to local governments and nonprofits sponsored by public agencies to help meet the state’s goals for greenhouse gas reduction, water conservation, and environmental preservation

Description:

The CLEEN Center offers two programs: the Statewide Energy Efficiency Program (SWEEP) and the Light Emitting Diode Street Lighting (LED) program.

Financing can be through a direct loan from IBank or through publicly offered tax-exempt bonds in amounts from $500,000 to $30 million.

 

With IBank you:

• Save time — We conduct a preliminary review process and provide feedback before inviting you to apply.
• Can submit applications any time of the year. We accept applications continuously, and because we issue our own bonds to generate funds, we do not run out of funding.
• If approved, can receive funds within 45 to 90 days of IBank board approval.
• Receive low-, competitive, fixed-interest rates up to 30 years. We are AAA rated, and we pass our low borrowing costs (through bonds) to you.
• Don’t have to compete against others — No scoring mechanisms, we operate on a first-come, first-served basis.
• Get transparency every step of the way — No surprises.

IBank is part of the solution addressing climate change by financing and supporting innovative climate and clean-energy projects that create a better California for all.

We are experts in municipal lending and our loan team values access to opportunity, diversity, and inclusion and truly cares about connecting city and other local governments to the low-cost financing they need to make their important public infrastructure and economic expansion projects a reality.

 

Eligible Projects:

Include but are not limited to:

• Advanced metering systems to support conversion of master-metered buildings to sub-metering
• Data center, information technology, communications
• Energy management and/or control systems
• Demand response programs
• Water/wastewater, pipeline, mining/extraction, and similar end-use processes, facilities, buildings, and infrastructure
• Lighting and control systems
• Converting incandescent to CFL
• LED repairs, replacements and upgrades
• Heating, ventilation and air conditioning systems (HVAC)
• Building envelope
• Occupant plug load management systems
• Load reduction
• Zero emission vehicles
• Hydrogen fueling stations
• Thermal and electric energy storage

 

Eligibility Requirements

Eligible Applicants:

  • Public Agency

Eligible applicants include, but are not limited to: any subdivision of a local government, including cities, counties, special districts, assessment districts, joint powers authorities and nonprofit corporations (as deemed eligible), public universities, schools and hospitals.

Eligible Geographies:

California

Important Dates

Application deadline The date (and time, where applicable) by which all applications must be submitted to the grantor.
Ongoing
Expected award announcement The date on which the grantor expects to announce the recipient(s) of the grant.
Continuous
Period of performance The length of time during which the grant money must be utilized.
Continuous

Funding Details

Total estimated available funding The total projected dollar amount of the grant.
$100,000,000
Expected number of awards A single grant opportunity may represent one or many awards. Some grantors may know in advance the exact number of awards to be given. Others may indicate a range. Some may wish to and wait until the application period closes before determining how many awards to offer; in this case, a value of “Dependent” will display.
Dependent
Estimated amount per award Grant opportunities representing multiple awards may offer awards in the same amount or in varied amounts. Some may wish to wait until the application period closes before determining per-award amounts; in this case, a value of “Dependent” will display.
Dependent
Letter of Intent Required? Certain grants require that the recipient(s) provide a letter of intent.
No
Requires Matched Funding? Certain grants require that the recipient(s) be able to fully or partially match the grant award amount with another funding source.
No
Funding Source: The funding source allocated to fund the grant. It may be either State or Federal (or a combination of both), and be tied to a specific piece of legislation, a proposition, or a bond number.
  • Other

Funding Source Notes:

Sources of Financing Repayment: Water, sewer and other enterprise revenues, general fund revenues, property assessments, Mello-Roos, special taxes, and other recurring revenues acceptable to IBank.

Funding Method: The manner in which the grant funding will be delivered to the awardee. Funding methods include reimbursements (where the recipient spends out-of-pocket and is reimbursed by the grantor) and advances (where the recipient spends received grant funds directly).
  • Reimbursement(s)

How to Apply

State agencies/departments recommend you read the full grant guidelines before applying.

Resources

For questions about this grant, contact:
1-916-341-6600, LoanProgram@ibank.ca.gov