State-run funding program focuses on energy efficiency

By CMTA Staff

Capitol Update, Nov. 16, 2019 Share this on FacebookTweet thisEmail this to a friend

In an era of high energy costs, increased energy efficiency can mean the difference between a good quarter and a great one. Launched in October, California's new state-administered Small Business Financing program (SBF) helps small business owners and manufacturers invest in energy-wise equipment and building retrofits. With attractive financing features like longer payback terms and innovative subscription-style energy service agreements, SBF can help reduce operating costs without overburdening cash flow or debt stack. Plus, cutting-edge manufacturers can apply for tax incentives under the Sales and Use Tax Exclusion program, sister program to SBF. Both are administered by the California Alternative Energy and Advanced Transportation Financing Authority, housed in the State Treasurer’s Office.

For more information about SBF, visit GoGreenFinancing.com. For more information about STE, visit treasurer.ca.gov/caeatfa.

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