Learn how to apply for subsidized financing for emerging technologies that reduce greenhouse gas emissions.
Overview
The Air District’s Climate Tech Finance program offers subsidized financing for public and private facilities to adopt emerging technologies that reduce greenhouse gas emissions.
Public-sector facilities can apply for loans ranging from $500,000 to $30 million, with terms of up to 30 years.
Small businesses can apply for loan guarantees on loans of up to $20 million, with a maximum guarantee of $2.5 million. Projects may be eligible for up to 90 percent guarantees through this program.
The Air District also provides engineering evaluation and technical assistance to borrowers to evaluate proposed projects.
This program is being offered through a partnership with the California Infrastructure and Economic Development Bank (IBank).
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Apply to Climate Tech Finance
To begin the application process, fill out the Expression of Interest Form after reviewing the eligibility guidelines and application process overview below. For questions, please contact us at .
Eligibility
Direct loans
Direct loans are available to Bay Area public facilities, including municipalities, universities, schools, hospitals, and eligible nonprofits.
Loan guarantees
Loan guarantees are available to Bay Area small businesses and eligible nonprofits with 1-750 employees.
Technologies
The Climate Tech Finance program supports emerging technologies that reduce greenhouse gas emissions.
Emerging technologies include technologies that have been successfully demonstrated at the pilot, demonstration, or early commercial scale, but have not reached full commercial scale.
Greenhouse gas emissions reductions include either direct reductions on-site (process improvements, electrification, etc.) or indirect reductions (reduced energy consumption).
For additional information on eligibility, please refer to the FAQs(217 Kb PDF, 2 pgs, posted 02/27/19) or contact .
How to Apply
Technology Developers
If you are a company producing an emerging technology that reduces greenhouse gas emissions and are interested in partnering with us, please fill out this online application.
Climate Technology Review
The Air District has developed a technology assessment matrix to evaluate emerging climate technologies across several key metrics, including emissions reduction potential, economics, technology readiness, and barriers to commercialization.
The Air District’s Climate Technology Review(4 Mb PDF, 55 pgs, posted 10/15/18) summarizes the results of this initial assessment. This report includes examples of technologies the Air District may be interested in incentivizing through Climate Tech Finance, as well as technologies that the Air District may support through regulation or outreach.
Resources