Sacramento Municipal Utility District offers low-interest loans to help commercial customers finance energy efficient equipment in eligible facilities. Generally, loans are extended to vested owners of a property. The applicable interest rate is currently at 6.99%; however, this may be subject to change. Customers have up to ten years to repay the loan. Call 916-732-5472 to verify the interest rate offer. A loan application fee of $100 will be charged for all applications. SMUD will return this fee if they decline the application. SMUD will prepare loan documents for signature immediately upon approval of the financing. Upon SMUD's approval, the loan commitment is valid for 180 days. Within this 180-day period, the product(s) must be installed and SMUD notified of the installation's completion.

More information regarding the loan application process, loan payment options, or fees can be found on the program web site listed above. Grow Sacramento Fund loans are also available to SMUD customers.  While these loans are not focused on renewable energy or energy efficiency, the funds can certainly be utilized to finance energy saving measures for small businesses.

Who is Eligible?

• You must be the owner of the property where products will be installed
• Businesses including multifamily complexes of 5 or more individually metered units billed under our residential rates may qualify
• Business tenants who are responsible for the electric account on their portion of the property
• The installation property must have an active, connected account with SMUD
• Equipment must be on our eligibility list and installed by a licensed electrician or HVAC contractor
• Applicants must be pre-approved prior to commencement of work

•  

• How it Works

•  
• Secured financing at a fixed rate of 6.99%
• Application fee of $100 per loan. If we decline the application, we’ll return this fee
• Most loans are for a term not exceeding 10 years or:
  • The remaining term of any senior lien
  • For tenants, six months less than the remaining term on the property lease agreement
• Products must be installed within 180 days of loan approval
• Additional conditions apply

If you want to go solar in Sacramento?  We recommend you check the price of a solar system price by using the hahaSmart price checker tool

Customize your Sacramento rooftop solar array with the hahaSmart design DIY