1. Only available to Small Multifamily properties, retrofits impacting 10 or less units
2. Must be a TECH-enrolled contractor
3. Project must be a non-heat pump to heat pump installation
4. No new construction, retrofits only
5. Customer must enroll in demand response (DR) program
6. Customer must enroll in time-of-use (TOU) program
7. Equipment Requirements

Unitary HPWH

• Must be JA13 compliant per the California Energy Commission (CEC) and either:
  A) NEEA residential HPWH with EcoPort OR
  B) ENERGY STAR Residential WH V4 (or later) with Connected Capability

Central HPWH

• Equipment Requirements:
  A) Standard Central Equipment must be approved and included in CBECC
  B)Unitary or ganged-together unitary Central equipment must be JA13 compliant or ENERGY STAR Commercial WH V 2.0 (or later)

Equity Eligibility Requirements

• 2-4 unit properties must submit an Occupant Based Annual Income through the CCES TECH Income Verification Portal. 
• 5-10+ unit properties/projects, applicants must submit a Property Deed Restriction at time of reservation application, showing that at least 80% of the benefitting units are ≤ 60% AMI.

Incentives
 

• Unitary HPWH:
  • $3,100 to $4,185 per unit for replacing existing multifamily water heaters with unitary heat pumps statewide. Additional incentives from $2,000 to $4,000 are available to support electrical upgrades
• Central HPWH:
  • $900 to $1,000 per kilowatt hour (kWh) statewide for replacing existing multifamily central water heaters with central heat pumps. Additional incentives of $200 per kWh are available for equipment that use refrigerants with a global warming potential of 150 or less.

Budget

• Small Multifamily Projects: $600,000, with $400,000 allocated to equity and $200,000 allocated to market rate projects. There is a hard contractor incentive cap of $90,000 across all small multifamily projects. 

1. Must be a TECH-enrolled contractor
2. Project must be a non-heat pump to heat pump installation
3. No new construction, retrofits only.
4. Customer must enroll in demand response (DR) program 

1. Must be a TECH-enrolled contractor
2. Project must be a non-heat pump to heat pump installation
3. No new construction, retrofits only.
4. Customer must enroll in demand response (DR) program
5. Customer must enroll in time-of-use (TOU) program

50/80Gal; Energy Star Certified; Must replace electric resistance unit with EF0.89 or lower

15 SEER and 8.4 HSPF or greater

16 SEER or greater

Renew Financial specializes in the Property Assessed Clean Energy (PACE) financing program, a unique and easy-to-use financing solution that allows homeowners in participating communities to make energy-efficient home improvements with competitive fixed interest rates, terms of up to 30-yrs for some projects, and no money down. Qualification is primarily based on your home’s equity and not your credit score. Find out today if your home is eligible for PACE financing at www.renewfinancial.com.