"Energy Efficiency is at the heart of energy affordability." Tony Earley, Chairman, CEO and President of PG&E Corporation

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Retrofit loan programs to help make homes energy efficient

By: Sanford Nax

Residents of California could receive help making their homes more energy efficient through a program that will be announced today by Congresswoman Doris Matsui (D-Sacramento) and representatives of the California Rural Home Mortgage Finance Authority homebuyers fund, Five Star BankPacific Gas and Electric Co. and the California Energy Commission.

The new CHF residential energy retrofit program stems from the American Recovery and Reinvestment Act, which financed similar programs and was so successful that it was allocated $12 million from the CEC.

Five Star Bank has signed on, and is making up to $20 million in loan financing available to eligible homeowners. PG&E is contributing $1 million, and expanding it to its customers in 44 counties.

Learn more about the California model for energy efficiency

Sanford Nax covers real estate, planning, development, construction and economic issues for the Sacramento Business Journal.