Peninsula Clean Energy Offering New Zero-Percent Loans, Rebates For Electric Home Upgrades

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VIDEO and LINK. Video is from the Half Moon Bay City Council meeting on Tuesday, October 18th, 2022 at 7:00pm by Zoom. Link is to the Peninsula Clean Energy website.

 

 

Oct. 17, 2022
Interest-free loans and expanded rebates target electric appliances.
REDWOOD CITY, CA –  Peninsula Clean Energy is providing homeowners in San Mateo County and the City of Los Banos interest-free financing and new rebates to install electric appliances and make other energy-efficiency upgrades.

The agency’s new Zero Percent Loan program will provide interest-free financing for up to $10,000 per home for projects that include installation of electric heat pump equipment, including water heaters and HVAC (heating, ventilation and air conditioning) units. Gas-powered equipment will not be eligible for the financing.

The loans will range from two to 10 years and be repaid on monthly electric bills. They do not require a credit check but do require the customer to have a zero past-due balance on their previous three PG&E billing statements.

Peninsula Clean Energy is also offering all of its customers in San Mateo County and the City of Los Banos a new rebate of up to $3,500 for installing an electric heat pump HVAC unit and is increasing an existing rebate to $3,000 for installing a heat pump water heater. Additional rebates of up to $1,000 are available from BayREN for San Mateo County residents, with certain restrictions, and may be layered on top of the Peninsula Clean Energy rebates.

 

Peninsula Clean Energy Rebate BayREN Rebate Total
Heat pump water heater $3,000 $1,000 $4,000
Heat pump HVAC system $3,500 $0-1,000 $3,500-4,500
Electrical panel upgrade $1,500 $0 $1,500
Additional rebate for CARE/FERA customers $1,000 $0 $1,000

 

An additional $1,500 rebate is available for Peninsula Clean Energy customers in both San Mateo County and the City of Los Banos to upgrade their electrical panel, if that is needed.

Income-qualified residents under the California Alternate Rates for Energy (CARE) and Family Electric Rate Assistance (FERA) programs in all of Peninsula Clean Energy’s service territory can receive an additional $1,000 rebate for installing an electric heat pump HVAC or water heater.

Nearly 60 percent of the methane gas, an unhealthy and potentially hazardous pollutant, used by homes is for heating water. Space heating is the second-largest residential use for methane gas. Heat pump HVAC designs can provide heat for less than one third the energy of a gas furnace and also keep you cool in the summer.

“These rebates and zero-percent loans allow more customers to switch from combusting methane gas to more-efficient electric appliances, powered by the 100 percent clean electricity delivered by Peninsula Clean Energy,” Peninsula Clean Energy CEO Jan Pepper said.

“Making the switch from methane helps all our communities and region address some of the fastest growing sources of heat-trapping pollutants responsible for our changing climate,” San Mateo County Supervisor and Peninsula Clean Energy Co-Founder Dave Pine said.

About Peninsula Clean Energy
Peninsula Clean Energy is a Community Choice Aggregation agency. It is the official electricity provider for San Mateo County and for the City of Los Banos. Founded in 2016 with a mission to reduce greenhouse gas emissions, the agency serves a population of 810,000 by providing more than 3,600 gigawatt hours annually of electricity that is 50 percent renewable, 100 percent clean and at lower cost than PG&E. As a community-led, not-for-profit agency, Peninsula Clean Energy makes significant investments in its communities to expand access to sustainable and affordable energy solutions. Peninsula Clean Energy is on track to deliver electricity that is 100 percent renewable by 2025. The agency has earned investment grade credit ratings from Moody’s and Fitch.

Follow us at PenCleanEnergy.comTwitterFacebook and LinkedIn.

 


 

City Council of Half Moon Bay Meets ~ 1st and 3rd Tuesdays at 7:00pm

HMB City Council Agendas and Zoom Links

 

HMB City Calendar

The New Now ~ Virtual Remote Public Agency Meetings

Watch streaming, or the Pacifica Coast TV video, that we will post. Stay tuned!
The meeting will be held at the Adcock Community Center for any members of the public who wish to speak in person, though we do encourage all members to participate remotely.
The meeting will be:

Members or the public are welcome to submit comments (in accordance with the three-minute per speaker limit) via email

to [email protected] prior to or during the meeting, via Facebook live during the meeting, and via two phone lines during the meeting – (650) 477-4963 (English) and (650) 445-3090 (Spanish).
The City Clerk will read all comments into the record.

 

 

      1. Debbie Ruddock

        Mayor
        Phone: 650-726-8250 (leave message with Clerk’s office)
      2. Deborah Penrose

        Vice Mayor
        Phone: 650-726-8250 (leave message with Clerk’s office)
      3. Robert Brownstone

        Councilmember
        Phone: 650-726-8250 (leave message with Clerk’s office)
      4. Joaquin Jimenez

        Councilmember
        Phone: 650-726-8250 (leave message with Clerk’s office)
      5. Harvey Rarback

        Councilmember
        Phone: 650-726-8250 (leave message with Clerk’s office)
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