Low-Interest Solar and Energy Storage Loan Program

Agency: City of Pasadena
State: California
Type of Government: State & Local
NAICS Category:
  • 221114 - Solar Electric Power Generation
  • 237130 - Power and Communication Line and Related Structures Construction
  • 541330 - Engineering Services
  • 541611 - Administrative Management and General Management Consulting Services
  • 541690 - Other Scientific and Technical Consulting Services
Posted Date: Aug 20, 2026
Due Date: Sep 22, 2026
Solicitation No: 2026-RFP-0399
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Description


Project ID: 2026-RFP-0399

Title: Low-Interest Solar and Energy Storage Loan Program

Addenda: 3

Release Date: 7/23/2026

Due Date: 9/22/2026

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Low-Interest Solar and Energy Storage Loan Program
Last updated by Addendum #3 on Aug 21, 2026 8:10 AM See what changed
Request for Proposals
Water & Power Department
52 , 521 , 5211 , 52111 , 521110 ... show all
Project ID: 2026-RFP-0399
Release Date: Thursday, July 23, 2026
ยท Due Date: Tuesday, September 22, 2026 3:00pm
Posted Thursday, July 23, 2026 12:52pm
All dates & times in Pacific Time - Los Angeles
Draft Response No Bid
Time Remaining: 32 days, 20 hours, 29 minutes


Post Information

Posted At:Thu, Jul 23, 2026 12:52 PM
Sealed Bid Process:Yes (Bids Sealed / Pricing Sealed)
Private Bid:No
Overview


Summary

The City of Pasadena, through Pasadena Water and Power ("PWP"), is seeking proposals from qualified local banks and credit unions to partner in implementing a Low-Interest Solar and Energy Storage Loan Program. This program will be available to all PWP residential electric customers including low-income PWP residential electric customers enrolled in one of PWP's Electric Utility Assistance Programs (e.g., EUAP, CARES, CARES Plus). The Public Benefit Fund will subsidize, or "buydown," each loan to allow the successful Proposing Entity to offer a target interest rate within the range of 0% to 3% APR.

  • Public Benefit Fund Allocation: PWP has tentatively allocated $3,000,000 for loan buydowns over three years.

  • Target Participation Goal: PWP's goal is to fund loans for 175 customers over the program's initial three-year period.



Timeline

Release Project Date:
July 23, 2026
Question Submission Deadline:
September 2, 2026, 3:00pm
Proposal Submission Deadline:
September 22, 2026, 3:00pm
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