The Federal Financing Opportunities for Inclusive Utility Investments – Senate Bill 1112 report is a statutorily mandated assessment of federal financing and investment solutions that could enable eligible entities to provide clean energy or decarbonizing residential building upgrades through inclusive utility investments, also known as tariff on-bill financing. The report discusses methods that could improve access to federal financing for inclusive utility investments, as mandated by Senate Bill 1112 (Becker, Chapter 834, Statutes of 2022).
Note that this report was directed and developed during a time with a different federal policy climate, and as such, some of the federal financing opportunities discussed have changed.
Inclusive utility investments could provide a scalable financing solution to support building decarbonization that is accessible to all Californians, yet to date have been limited to primarily energy efficiency measures as by design, project costs are recovered through utility bill savings achieved by the improved efficiency.
The report provides an overview of inclusive utility investments, a financing mechanism that could accelerate and scale building decarbonization efforts in support of California’s climate and energy goals. The discussion highlights potential federal financing and investment solutions that could help support inclusive utility investment as a source of third-party capital. These solutions include application strategies for different types of eligible entities to access federal financing.
