- Country: USA
- Summary: Establishment of Partnership to Provide Loan Products to Install Solar and Storage Solutions for Pasadena Electric Customers
- UST Ref No: 121698343
- Deadline: 04 Aug 2025
- Financier: Self Financed
- Purchaser Ownership: Government
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: 2025-RFI-0201
- Purchaser's Detail:Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details.
- Description:
- Provisional upon City Council appropriation, Pasadena Water and Power (“PWP”) is looking to form partnerships with financial institutions (banks or credit unions) for a loan program supporting the installation of solar panels and storage systems within the City of Pasadena. Modeled after the “Mass Solar” Loan Program, the programs objective is to reduce the cost of ownership of solar and expand access to solar loan products to low-income homeowners of single-family residences. Pasadena-s goal is to create a pilot program with one or more financial institutions that, if successful will become a larger, permanent program that potentially opens to a wider cohort of Pasadena-s Electric System customers. Pasadena is looking to financial institutions to provide loan funding and loan administration services within certain parameters, while Pasadena provides loan support by verifying borrower program eligibility based on established criteria. Pasadena will also offer interest rate buydowns, a loan-loss reserve, and other mechanisms to facilitate lending to customers and to reduce risk to participating financial institutions.
- Documents:
If you are registered member, kindly login to view full details of this tender notice:
CLICK HERE TO LOGINEstablishment of Partnership to Provide Loan Products to Install Solar and Storage Solutions for Pasadena Electric Customers - USA Tender
The WATER & POWER DEPARTMENT, a Government sector organization in USA, has announced a new tender for Establishment of Partnership to Provide Loan Products to Install Solar and Storage Solutions for Pasadena Electric Customers. This tender is published on USARFP under UST Ref No: 121698343 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2025-08-04.
The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.
