November 12, 2010: Deadline for the
Limited Increased
Incentives Offer
Be sure to take advantage of our limited time offer for increased incentives of up to 50% or more than current levels. Click here for a full listing of eligible solutions. But hurry, because this special money-saving offer ends November 12, 2010! Applications are processed on a first-come, first-served basis while funding lasts.
For additional details, click here, or visit our archive (below) and click on The Contractor Connection E-Newsletter September Edition.
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Need Help with your
Online Application?
If you need technical support or immediate assistance in completing your online applications,
please call:
1-877-431-7231
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What's New in Express Solutions?
For important up-to-date information, be sure to check out the What's New section on the Express Solutions web page. Click here.
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| Upcoming Energy Centers' Classes:
Take advantage of SCE's free classes to help you learn the latest energy efficiency, demand response and solar technologies.
October 20, 2010
Energy Management Systems (EMS)
8:30am - 4:00pm
Tulare
This seminar is for management, operations, and maintenance professionals with a basic understanding of HVAC systems. Learn about the potential operating cost-savings using Energy Management Systems, and how to maximize savings using the most current technology in HVAC control methods. Click here to register.
November 16, 2010
Benchmarking Energy Use in Commercial Buildings
8:30am - 12:30pm
Irwindale
This is an introductory seminar for non-residential building owners/managers and real estate professionals who want to comply with the California State law that requires disclosure of a building's energy benchmarking score at the time of sale, lease, or refinancing. Click here to register.
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E-News Archive
Missed or misplaced an E-News? Not to worry. Click here to find an achive of previously-released editions.
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This special edition of The Contractor Connection E-News brings you updates on SCE's October 2010 Contractor Informational Session, On-Bill Financing (OBF), and more.
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Avoid Application Pitfalls - Attend SCE's October 2010 Contractor Informational Session
In the last three months, only 53% of project applications received by Authorized Agents were complete. Throughout the year, the number of declined applications has added up to over $9 million in lost incentive payments.
Don't let this happen to you. Incomplete and/or incorrect applications are at risk of being declined and significantly slow processing time.
A complete project application:
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Identifies if the project will be self-administered or through an Authorized Agent
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Designates a payee
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Includes complete and accurate supporting documentation (e.g., invoice and required specification sheets)
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Includes the customer's signature
Now is your chance to learn more about avoiding common application pitfalls at our Contractor Informational Session on October 14, 2010. After this session and practicing the lessons learned, you will lower the risk of your customers' applications being declined.
What: October 2010 Contractor Informational Session
When: 9:00 - 10:30am on Thursday, October 14, 2010
Where: Via webinar and in-person at Irwindale, CA
In-person seating is limited and registration is on a first-come, first-served basis.
Don't delay registration! Click here to register now. |
| On-Bill Financing (OBF)
Since its launch this year, OBF has been a popular program among eligible customers looking to power up their bottom line. In this special edition, we want to clarify an important point around maximum loan amount and also inform you of the wait list.
The maximum loan amount:
- Does not cover the entire project cost, and
- Is the difference between the total project cost of the installed eligible energy efficiency solutions and the incentives/rebates paid by SCE, unless the monthly loan payment exceeds the estimated monthly savings (see below for example).
For illustrative purposes only
How the loan calculation works for business customers:
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Total project cost of installed eligible energy efficiency solutions |
$20,000 | | Incentives/rebates paid by SCE |
$4,000 | | Maximum eligible loan amount |
$16,000
($20,000 - $4,000) | | Loan term (average useful equipment life of installed solutions not to exceed 5 yrs) |
5 years
(or 60 months) | | Monthly loan payment |
Approximately $266/month
($16,000/60 months) |
Estimated annual energy savings:
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kWh |
10,000/year | | Incentive per kWh |
$0.15/kWh | | Total estimated annual energy savings |
$1,500
(10,000*.15) | | Estimated monthly energy savings |
$125/month
($1,500/12 months) |
Since the monthly loan payment ($266/month) exceeds the estimated monthly energy savings ($125/month), the maximum loan amount will be adjusted as seen below:
| Total project cost of installed eligible energy efficiency solutions |
$20,000 | | Incentives/rebates paid by SCE |
$4,000 | | Difference |
$16,000
($20,000 - $4,000) | | Adjusted maximum eligible loan amount |
$7,500
($125/month*60 months) | | Out of pocket the customer must pay |
$ 8,500
($16,000 - $7,500) |
Wait list
As of August 30, 2010, the medium/large commercial, industrial and agricultural OBF segment fund was over-subscribed. New eligible OBF applications received after August 30 will be placed on a wait list. You can view the wait list at SCE's Energy Management Online Application Tool's home page under the "What's New" section (or click here). The list shows current applicants identified by Universal Project Number (UPN) and requested loan amount.
Click here to learn more about OBF. |
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Energy Efficiency programs are funded by California utility ratepayers and administered by Southern California Edison under the auspices of the California Public Utility Commission.
©2010 Southern California Edison.
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To read SCE's Online Privacy Policy, click here. Southern California Edison, 2244 Walnut Grove Avenue, Rosemead, CA 91770. All rights reserved. ©2010 Southern California Edison. |
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