The CLEEN Center provides direct public financing to Municipalities, Universities, Schools and Hospitals (MUSH borrowers) to help meet the State’s goals for greenhouse gas reduction, water conservation, and environmental preservation. The CLEEN Center offers two programs: the Statewide Energy Efficiency Program (SWEEP) and the Light Emitting Diode Street Lighting Program (LED). Financing can be through a direct loan from IBank or through publicly offered tax-exempt bonds in amounts from $500 thousand to $30 million.
- Solar, wind, biomass, hydroelectric
- Energy efficiency retrofits, LED lights, building automation and controls, environmental mitigation, water treatment and distribution
- Transmission and distribution, electrical vehicle charging stations
Board Approved CLEEN Center Financings
Statewide Energy Efficiency Program (SWEEP)
A CLEEN Center Program for small, medium and large-scale energy efficiency upgrades and projects for California’s public MUSH borrowers. SWEEP Projects include comprehensive efficiency improvements to new and existing facilities that save energy.
- Advanced metering systems to support conversion of master-mete buildings to sub-metering
- Data center, information technology, communications energy efficiency
- Energy management and/or control systems, including continuous commissioning
- Demand response programs
- Water conservation, wastewater management, pipeline, mining/extraction and similar end-use processes, facilities, buildings, and infrastructure
- Lighting and control systems
- Heating, ventilation and air conditioning systems (HVAC)
- Building envelope improvements
- Occupant plug load management systems
- Other electrical load reduction
- Thermal and electric energy storage
Light Emitting Diode Street Lighting Program (LED Program)
A CLEEN Center Program for the installation of LED street lights for public Municipalities, Universities, Schools and Hospitals (MUSH) Borrowers as another energy efficiency strategy for the State. LED street light projects are deemed SWEEP Projects for purposes of the CLEEN Criteria.
IBank encourages and may require LED Program borrowers to create:
- A policy of savings reinvestment and creation of a savings fund where the annual savings from the LED project are deposited into an account as security for the LED financing (Energy Savings Account).
- An Energy Savings Account used to pay off debt incurred for LED project and to fund other energy savings initiatives the MUSH may have.
- Covenants to leave the operations budget line item for street lights unchanged during the term of the SWEEP LED financing so as to ensure savings capture.
- An operations and maintenance plan with a credit worthy party/parties.
IBank will require investment-grade, commercially proven technology and may require that equipment selected comply with street light technology guidelines adopted by the California Lighting Technology Center at UC Davis, the Illuminating Engineering Society (IES) and/or various California utilities. IBank will require commercially reasonable equipment and labor warranties on all lighting projects and will require that installers demonstrate the ability to fulfill warranty obligations.
Who Can Apply
Include, but are not limited to, any subdivision of a local government, including cities, counties, special districts, assessment districts, joint powers authorities and non-profit corporations (as deemed eligible), municipalities, public universities, schools and hospitals.
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)
Occupant plug load management systems
Zero emission vehicles
Hydrogen fueling stations
Thermal and electric energy storage
Other projects with proven technologies will be considered
How to Apply
Applications are accepted continuously and are available below. We encourage you to call us before applying. IBank representatives provide technical assistance and work with you throughout the process. IBank’s Board of Directors normally meets each month to consider approval of applications received prior to the meeting date. Check here for board meeting deadlines.
*In order to use this version of the application, you will need to have Adobe Acrobat Reader. The latest version of Acrobat Reader is available to download free from Adobe’s website. Submit completed applications, or questions, via email to LoanProgram@ibank.ca.gov or by mail to P.O. Box 2830 Sacramento, CA 95812-2830. Please be sure to download and save the application PRIOR to entering any data.
For more information contact:
Tom Dear, Loan Origination Manager
California Infrastructure and Economic Development Bank (IBank)
Office Address: 1325 J Street, Suite 1823, Sacramento, CA 95814
Mailing Address: P.O. Box 2830, Sacramento, CA 95812-2830
Telephone: (916) 341-6710