CalCAP Electric Vehicle Charging Station (EVCS) Financing ... · 4/29/2015 · Loan Loss Reserve...
Transcript of CalCAP Electric Vehicle Charging Station (EVCS) Financing ... · 4/29/2015 · Loan Loss Reserve...
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CalCAP Electric Vehicle Charging Station (EVCS) Financing Program
California Pollution Control Financing Authority (CPCFA)
Lender Webinar
April 29, 2015
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Agenda
• Welcome and Introductions
• Workshop Purpose
• Overview of CalCAP
• Overview of CalCAP EVCS Financing Program
• Program Eligibility
• How to Participate
• Q & A
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WORKSHOP PURPOSE
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Workshop Purpose The CalCAP Electric Vehicle Charging Station (EVCS)
Pilot Financing Program is a Loan Loss Reserve Program with a Borrower Rebate component that supports electric vehicle (EV) infrastructure in California.
The California Energy Commission (CEC) has allocated $2 million to this pilot program scheduled to launch in June 2015.
The purpose is to provide an overview of the CalCAP EVCS Financing Program and encourage lender participation.
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Program Participants
• CEC: Provides funding and policy direction
• CPCFA: Administers 100% of the program
• Lenders: Approve loans and submitprogram enrollments to benefit from creditenhancement
• Borrowers: Small business owners seeking an incentive to finance the acquisition and installation of EVCS at their place of business
Key Participants
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OVERVIEW OF CALCAP
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Overview of CalCAP
• The California Capital Access Program (CalCAP) was created in 1994 and is administered by the California Pollution Control Financing Authority (CPCFA).
• CalCAP encourages banks and other financial institutions to make loans to small businesses which have difficulty obtaining financing.
• CalCAP has more than 20 years of experience administering loan loss reserve programs and over 100 approved lenders.
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CalCAP Programs
CalCAP Loan Loss Reserve
CalCAP Collateral Support
CalCAP ARB On-Road Program
CalCAP EVCS Financing Program
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Loan Loss Reserve (LLR) Accounts
• LLR is a mechanism to provide financing to businesses.
• Pooled insurance fund which reduces the risk threshold.
• A lender may recover up to 100% of the enrolled loan amount in case of loan charge-off.
• The LLR Account may be held by the Participating Financial Institution or the Program Trustee.
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Financing Terms • Lenders perform all loan underwriting, packaging,and servicing.
• Lenders set and control all the terms and conditions on each loan. Loans may: • be short- or long-term • have fixed or variable interest rates • be secured or unsecured
• Lenders may enroll all or a portion of the loan into CalCAP.
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OVERVIEW OF THE CALCAP EVCS FINANCING PROGRAM
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CalCAP EVCS Financing Program Purpose
• To encourage small businesses to install Electric Vehicle Charging Stations in California for use by their employees, customers or the general public.
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How the Program Works • Lender Participation • Contributions • Claims • Rebates • Additional Program Elements • Program Eligibility
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LENDER PARTICIPATION
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Eligible EVCS Lenders
• All lenders that are currently CPCFA qualified lenders are eligible.
• New EVCS lenders with a California business presence mayapply if they are one of the following:
* Federal-Chartered Bank * Finance Lender / Leasing Companies
* State-Chartered Bank * Small Business Investment Company
* Credit Union * Consortium of the foregoing entities
* Savings Association * Microbusiness Lender
* Federal Certified not-for-profit Community Development Financial Institution
* Lending institution that has executed a participation agreement with SBA
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How to Participate • To participate in the CalCAP EVCS Financing Program,
lenders must submit a new or amended Financial Institution Application to CPCFA.
• Lender must be regulated by a third party and in good standing.
• The Financial Institution Application can be found on the CalCAP website at: http://www.treasurer.ca.gov/cpcfa/calcap/forms/application.pdf
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Cllifonia Polotioa Colllrol Fiuacia~ Aaillority 91 S Capilol Moll. Room 4S 7
Socramemo. CA ~SSI4
Col CAP FINANCIAL 11'\STITUTIO!\ APPLICATION
N~of~w~·------------------------------------------------------------
A~~~----------------------- C~"-------------- SU!e_· _ _ Zip·------------
Car.tlla Pmoc N;moe:. __________________________________ _ Title: _______ _
A~~~---------------------- C~"·-------------- SU!e:___ Zip: __________ _
~--------------~Fu. _________________ ~a~s ------------------------~
TJpo of Applirolioa: 0 New Filwlcial lmtitmioc Applil:.uioo
Pro;raa(•) Iatorts!ed ia Usia;:: D Ca!CAP Loss R!sen'O
o AlnoDded riC.IIId.lllmtinni<m Applil:llion
0 CaiCAP Co!UtP.Iiil .Suppan
D CalCAP Air lltsouras Bo.ud (ARB) o EVCS
TJ'JH' oflasfitatioa
0 FO<Sml-<lw.ter!d blJ:II
0 StatHiwtmd bonl
0 CHdit ucioo
D Small bwizltu ir.vostmer.t compaoy
0 Fedenl c<Jtified oot·for·poofit coi!IIIDitily de\·elopcneat fillalxiolmm1Utioc
D Oth2r ceni1ied CG111111lllli1)• ~ filwrial insti.tu1ioo
0 Savilll;s auoci.ltioo! D Cons<lni= of lbese forOJ:oinr; 01:1ities
0 Mjcnil• tsicesol.tDder
0 l.en.ding illStirution IIW has ....::mod a puticip.llilm ~!7fti!W'I with W. SBA UDdor the pmmteod loao program
0 Fil:.mce lendH .. defu:ed pun= to the CalifomiJ Fil:.mdal Code Sectioo 12009 matin~ commertialloam as defined punuor.t 1D the CWfon:ia Fillaocial Code Sectioc 22502,
Combiced tapital aod S'J~Phls 11 m<lit re<ec.t fiscal yeu eod ----------- Nlllllber of~ bwld!es ---------ROJ:uLuooy 4•11CJ' ~4•ocy ________________ _
Por Seaioc 807l oftlu!CPCFA ~ns. by eorol!ia!: ua CalCAPFillaociallllstirJrioo: Tb! qpliam certifies that W. applkttt Financiallmtirotioc isiiOt subjKt to • cease ed desist on!or or otb!r re~tory ...aioo with !be appropriate fedml orsutt rt.,"U!!OOC)'body. • ·hid> •·onld ilcpalr irs abillty to patticip»ein lbe Prog;nm. The Fit:w:ri1llmtit'.uio .. ~es to follow w Ptograo,.• p!OC!dures as ~ fonll in !be L.lw aod the ~n.s r~ w Capilal A<Geu Program !or SIILlll Businesses. The Financiallmtit'.uioo a~es topem:il an audilofiD)'ofits rKordsreLIIing to eorolled QtWifi!d Loans.~ aoama1 businm houn oo irs premises. by tllo Autbori!y or in agoon., aod to "'l'Pi}' such other illformoOoll coco~ oorolled Qua!ifiod Loans •• sl!aD be re<[l!Sted by tho E.ucutive Direcoor. The Fit:w:ri1l lmtir.uioc ackl:<>w~s tb.ot l!le Autbori!y aod !lie Stue will '"'''" oo liabuty to t11o Parti~ Fil:.ondal ll:stiru!U>o ut:der the Program !liCeJlC from fuDds dej>om!d in tl!e Loss R.eserre Acce>acl for tl!e Puticipatio~ Fit:w:ri1llmtir.uioc. The l.eDdor certifies tb.o.t tllore ba\' t been no ~es to tllo stanu of tllo fuw:cialimlilutioo sinu the otigicalippliatioo WI wu Sllbtcirted to Cal CAP for lp]llO\'Il. if this is 10 i.ll:l!l!dod applil:aticm. llllle" ""!'lained in • sepaabo d«umonn on W. Puticipating FillaociallllstirJrion' s ielloJII9d.
!'ot t: all<apitllliu<l terms ore d.:ined in Seaioo 8070 oflht CPCFA Rtg;Uttions.
Alllhotized Signa.nn
LACE Rating and/or Kroll
CalC.o\P lD~ Establi5h Lomlo" Rtsem! Acco:mt M: 0 TNstef Bani< 0 Pllltic:ipoCc_~ Fit:w:ri1l.,_oc
Approru Sipature
~ 1D CalCAP]!;>a•a, ,er ca .• ov or lin: 10 (916) SS9-2SOS
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How to Participate
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Establishing a Loan Loss Reserve Account • Upon approval of the CalCAP Financial Institution
Application, a Loan Loss Reserve account will be established and held either by the Participating Financial Institution or the Program Trustee.
• CPCFA will instruct the Program Trustee to deposit contributions into the LLR account for each loan enrolled in the Program.
• CPCFA will instruct the Participating Financial Institution or the Program Trustee to withdraw funds from the LLR account to pay claims and/ or borrower rebates.
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CONTRIBUTIONS
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Contributions • No lender or borrower contributions.
• All enrollments receive a base of 20% of the enrolled loan amount.
• Two options to increase the contribution to a maximum of 30%.
• Multi-Unit Dwelling: 10% • Disadvantaged Community: 10%
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10% for Multi-Unit Dwellings
Multi-Unit Dwellings (MUDs) —
• Classification of housing where multiple housing units are contained within one building or multiple buildings within a complex or community.
• Common types of MUDs include condominiums, duplexes, townhomes, apartments, mobile homes, and manufactured-home parks.
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10% for Disadvantaged Communities Disadvantaged Communities (DAC) –
• The top 25% of communities that are disproportionatelyaffected by environmental pollution and socioeconomiccharacteristics as described by CalEnviroScreen 2.0 Tool (http://oehha.ca.gov/ej/ces2.html).
• List of eligible DAC will be made available, and eligibility will be based on the census tract where the EVCS is to be installed.
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Maximum LLR Contribution is 30% Example: $50,000 Loan
Amount Item $10,000 20% LLR Contribution Base
$5,000 10% Contribution for MUD or DAC
$15,000 Total LLR Contribution deposited into the lender’s LLR account
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EVCS FINANCING PROGRAM LOAN ENROUMENT APPliCA TION
~l.end« 1·-- ~·~--------------------------lAndo< Cauot -
~ Cauot &n.;j
~~·~~~--------------------------------
...
06A
N>mod~P~ ___________________________ T& ________________________ __
--------------------- ~----------Ccuwy _______ ___
~---
Typed Business/...,,;., ______________________________ _
AWiRig/! Annu<i Reownue Last 3 Ye.:ws >-----------------
Nlmb«d~'--------- .-UN<ed ________ ~-- - ----------
http:J.twww ffiec oov!'G!ocodWdrfi!UU5pX
Oo5aiplion dBi;i:l• Projocl Co5l> (Purpo$0 d Loan'---------------------------------------------
f n;tg 'nt u marjpg
TOC>Ilo>n Amou-. "-$ ______________ _ lo>n- Em>lled" C>lCN' $'------------------------
Da<e d F"" ~ (Dx•d Lo>n'------------'~ Da<e -----------
______ '1. APR 0 FU<Od O v..-
EVCS FWl3ncing Program Eld1ibitA.Ati.>Civnent ll
LENDER CERTIFICA TIOH
Enroning <1 ~ in the EVCS f iNonQng Prog_r.wn requi~s the P¥ticipating FiNocQI Institution to certify to e~h o f ttw fo llowing Program Regu~tions_
• All capi'".alized terms • e defined in the EVCS Ftn.anctng Program Regulations.
1) 1M mn rs a Ou.ili5.cl LOJn as defined in the eves Rnancing Program Regulations .
2) ~ business rece-iving the Qualified Loon is a Ou.lJified BusinHs. as defined in the- EVCS Financing Progr.vn Reg\Aations.
3) The Parttcipating Financial lns1itution will provide- information from financial ~s of the 8orrow'!r ~request d dle Executive Oireaor of the CPCF A. and the Participa:ing Financial Institution has obtained the consent of the ~to such disclosure.
4 ) The Participating Fn.JI'oCU! lns:itution has obt.ained a written representation &om the Botrower th.:n the Borrower has
no \ega.l. ~.31 or equil.able-. in~t in the F-HS or the Matdling Contribution.
tl) 1M Par1iQI)3ti"O Fnanei.ll Institution t\Jis obtained a written repr.s.e-nUtion from m. Borrcwet th~ il h:.s seo.nd or ~ appic.:l!ion for all app6eat:H ~~ or pMTMs ~ to c:ondJct iis business and CMr'f out ttw, pufPOW d the loon.
7) The P.J11k:ipatng F~nancial lns1ftution h.u not. and will noot. enroll the s..vne ban or portion thereof in any Oilhe' go~t pn:~gr.un ~~ Vnbr to 1tK- Progr.vn_
8 ) The 8orroweJ has received the eves Fina.nclng Program Privacy t-kltice.
Q) TM Pa.rticipating Fltl.lnCi.ll lnstitubon acltnowt.dg@s that its ~ncing a<::tMciti at'@ subjeer: to saf~ and soundrwss 5und.J.n:l~ .n wt fcrth in any .applicabl• l..-ad~ ~lations.
By signing DHow and • nrolling this loan the Participating Financia l Ins t itution oertifiK, b.as.d in part on information pro..nde<l by the Bon-ower, that •adl of the- above a5surances is true and ac;:<:unr~te.
Titte
o ...
Pmnun P ....... : _________ % ~~----------------
Pnn-o.nAmou-.: $
I Da<e:
When oornple'.e-. please wOO to: [email protected] or by f.ax (Q16) 589-2805
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Loan Enrollment Application
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Loan Enrollment Application (cont’d)
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Caffaria - ControiF'""""""G Aulhcriy Q15 c.pitd M1l. RDcm ~7 c.«:AP~lftf ea_~ EVCS Financing Program s.cr.m.n... CA Q581<
Ex!IObotA.A!I.>Chrnent 11 Fax {Q16}58G-=
Additional Information for Completion by the Borrower
Manufacturer:
Mode~ a): Tolal Units to be PlXchased:
Number of Networlced Comml.llication Units:
Total number of charging ports:
T ota1 EVCS Cost:
Estimated instalation cost:
(Business Name)
(Print Borrower's Name)
(Borrower's Signature) (Date)
(Busin..-..s Address) (Phone Number)
(CPCFA Review: Signature and Totle) (Date)
When ~e, ple.u.e wrd co: CaiCAP!I::!~as.untr.ea.~ Of" by f.u (01 e) .580-2805
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Loan Enrollment Application (cont’d)
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CLAIMS
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Claims If an enrolled loan is charged-off:
• Lender has 120 days after charge-off to submit a claim to CPCFA
• May recover up to 100% of the enrolled loan amount (if funds are available in LLR Account), and future loan enrollments can compensate for shortfalls on previously paid claims.
• Lenders may be reimbursed for: Outstanding Principal Accrued and Unpaid Interest Reasonable Out-of-Pocket Expenses
• Lender shall follow its standard collections and recovery proceduresbefore and after a claim is filed with CPCFA.
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CALIFORNIA CAPITAL ACCESS PROOR.A..\o! C~omil Pollutioc Control Fil:.mdn~ Authority
915 Capitol :Mall R<>orrA57 'iicnmelllO, CA 95&14
Te!l!phote (916) 654-5610 Fn (916) 5&9-2&05
CaiC.li' FI~A.li(CLU INSTITUTIO~ CL\DJ APPLICATIOX
NOTE: A lenderiuequired 10 noroy 11!~ .-\l.l[borily within 120 day> of wh~ tbe Jec~er !as ch.u,ged off ill or pan a: a qll1lified loac as a te;ub ofdrlir:c by a borrower. if the form il filled all! properly and w l!!nd!r has :fa.'thfully comphed .,;!1! Ca!C.>U> require=;. CPCF A wi:lau1borize1hel'!ogram mmee to t!ilnburielbe eeo:!a from th~ lend•rs !em r:sm .. ac.cour.t within 30 1r.!sin6s day5.
LtJJ.der a1Jd Bo"o"" lnlormatiort
~~·~g~------------------------ Lelllier's CalC.>U> ID ~:. ____________________ __
l..oJ:.clerComacr: Name: ______________________ _
~-- -----------------AM<!~~· --------------------
CalCAl' LDm !'ut:!lber_· ---------------------Bonov.-.r's Xame:
Ba!IOWOJ DBA:
L DQn / 1!(ormarion
~-m.J PriDcipal Amoll:lt of LD.ur ________________ _ Due of lo1111:. ___________________________ __
~fault AmoUIIt: __________________________ __ Dm of DeJi11Lt. ___________________________ _
[s this loac secured:'? oY e; ONo Dm ofChar~e-<>ff: -------------------------
lf ye;, wh.u fonn of sK!lrifY. ____________________ _
Wa>the lolnintheli:r;~S I miJ:ioco!CalC.~kw:illlO<kbylecdH? D Yes ON• Hawe!dooc~m pr~s~"Ur.? D Yes ON• l..oJ:.cler' s priarilyofclalm (Ifrwo oriDOI"I! claim; filodby!ecder):~--------------------------------------
Accruod and Uopaid l!!tm;r ~"-----------------
Oat-of-pocket l!l<Jieii5el
(Anacb detailed l!l<pl=rton)
Toul
Pl .. ,. attac~ lou history report. • The lecd.r .. ..,..,ts this claim ii be.ir.gfiled within 120 da)' of tbe e<>m beicgchar.ged off ollld that ch.uge-<>ff was co!llistelllwill>
the le&der"s osu4l DO~thod; forcak~acrioo ooloaosnot etroUed ill the Prog:mn. ~ v.ill a; CPCF A-. agl!lll. pur31le addili.ooal rKowry oo this defaulted loao through legal proce.ed:ir.gs. seizure acd liquida.tion oi co!!la.r:eral, gum.c~. aod.tor olber source;_
• Lend!r certifie; it bas gj\"'OIL J:.Otice to 11le Authority of 1he il:irial ecroi::mect of the loan in C.ICAP. acd <ilher. (l) hlls ~·eo notice oo the Amboriry of acyrmewili or e."<I!II5ioo; oflbeloa!l: or (2) 1b.e loan -.ru tor.VJ:"JOusly rer.ewed or ~cded since tb! date o:: its U:ilial •=lll:nect in C.ICAP.
Aothoru.ed S1g;narure Dm
Tille
I ooto I A:t.olll'L ..
I I
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Claim Form
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REBATES
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Borrower Rebate • Paid to the Borrower and equal to 50% of the LLR
Contribution for the enrolled loan. • Ex: $15,000 contribution results in a $7,500 rebate.
• If the Borrower qualifies for the rebate, CPCFA will authorize the Participating Financial Institution or the Program Trustee to withdraw funds from the lender’s LLR account to pay the rebate.
• If the Borrower does not qualify for the rebate, the Lender must notify the Borrower of rebate ineligibility.
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Rebate Eligibility Requirements • Borrowers permitted no more than one 30-day late payment.
• Borrower is eligible when loan is paid off or in month 49, whichever comes first.
• Borrower must provide the lender a copy of an Electric Vehicle Charging Station Certificate of Commissioning relative to the EVCS financed.
• Borrower must certify that any outstanding balance of the loan was not refinanced with any Participating Financial Institution.
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CALCAP E\'CS Fll\Al\CI!\G PROORA.\I Califoa:ia Polh:tton Control Fil:.s!:al:g A1.:tl:ooty
915 Capitol Mall, Room45-Saa=...-to, CA 95814
Ti!l!!pl>m:.e (916) 654-5610 F3X (916) 589-1&05
E\'CS FJJ\Al'CII"C PROGRAM BORROWER REBATEREQ{;'ESf
NOTE: A I em<!! is~ to J>Otify 1M Authuity \\ithin 90almlbrcb}'l of\\'h"" 1M 'l>c>no\\'i!fquslitie! for 1M PmgmmR-e Ul!d<!r Section 807&. i ofth~ Pmgmm~gul>tiom. If the form is filled out ptOJJe<ly, mel the le!IC!<!!md'l>c>no\\'i!f ltri-. complied \\itl>th<! EVCS FiJ:allting PmgmmRegul>ti<D, CPCFA \\illl!lithaiz.e 1M J>!J'1Il5t ofaBoaower R-• &om tt.Participatin; Fim!liCiallrutinrtion's Lo"' R"""'-. Account \\itl:in 30 alend.!rcb}-. unle" CPCF A ri!qUir"' aclc!iticml infosmstim iD oo!erto valid!!: J>!J'1Il!ltt of a BO!IowerR-e.
f..artfn f l! foTIIIJUiOI! Borrower l !!{DrlftMi.olf.
r..n.!.,'& Ca!CAP ID =: ____________ _ Ca!CAP Lom Number: ___________ _
P~ci~gr..n.!.r. _ ____________ _ Busma.Kam.: - ---------------
~Contact: Kam.: ____________ _ DBA: ________________ _
P--: _________ _ Kame ofR!!!pon;ible Pemon: -----------Email: __________ _ Title: _________________ _
~s.: ____________ _ ~~;~~' -----~----------
P--Number: --------;--------
fAtur f l!foTIItJ1liDI! ., Ori~ P ril!cipa!AmOUllt ofLom: _______ ...;_.., _ Dlt:of loall: ______________ _
ContributioDAmOl:llt : _____ __,-------- Reb!!! Eli~bilityDit.: __________ _
Rebs!e Amcnmt:
BorrDwer Certi/f!:t!li!!tr. 1.) BO!IO\\·er <artille! tbtl:~•h: lw P'O'i ded tl:e P~cipnin;Finomcial wtitution"«ithacopy of 011 Electric Vebide Cb:~;
StmonCatificat~ ofCom.miuionin~r2l.ati\-'i toth~ EVCS filt!IX'.2d. 2.) BO!IO\\·er <artille; tb!!ai:y ot.'UUID!il::; balaooi! offu! lo;mtepaid 01 the time ofopplic.aticm for tl:eBO!IO"«·er R-• "'-"""'
refin.!l!:~ intoanotl:er aedit 1tructure "«ithmy Porticipning Fi:cai:cial ll:.>tiruticm.
(Print Kame ofR.ospon.ible Person)
(D.i!e)
LardnCuti/f!:t!li!!1! 1.) Lmder retifia theBO!IO\\'!f !lad no mote tl>m oi:e 30-<!a}• la!e J>!J'1Ilei:t on tl:e Qu;ili.!ied Loan. (E•i~ Rec;ui<ed) 2.) Lmd<!! retifia theQu;alified Lom lw ~]>lid off otf'ony-eght montl>s!m-. elap>.."C! &om the dOl: of lint cli.>but!anei:t of the
Ql!almed !.om, \\'hichever is""'""'· (Evic!=i! Ri!qUi<ed) 3.) Lend~ certi.fie! th3l: t1:~ B01l'OVO·er tw pm\<id:!d a copy of m Electric Vebdde Charging Stsrion Cenifiane ofCommiu1or.dlt,g
ti!I.Sii, -. to the E\'CS 6nm~.
lf f110 Bomnnr din$ J!otqaalify for fll oBorro•n r Reb at• pl....,diKk fll• box bolo"· ud •lat. Ill• rouoa for d i>qualificalioa .
0 The 'l>c>no\\'i!f doe! not qwlify forth~ B= ·er Rebs!e. Re!!On ____________________ _
I Dale I Amou:rJ S
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Rebate Form
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Maximum LLR Contribution is 30% Example: $50,000 Loan
Amount Item $10,000 20% LLR Contribution Base
$5,000 10% Contribution for MUD or DAC
$15,000 Total LLR Contribution deposited into the lender’s LLR account
$7,500 Rebate (equal to 50% of the total LLR contribution)
$7,500 Remains in lender’s LLR account if borrower qualifies for rebate
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Lender Enrolls Loan in CalCAP
Borrower installs EVCS at Place of Business
Loan is paid off
Borrower qualifies for rebate
Lender submits Rebate Application to CPCFA
CPCFA withdraws funds from LLR Account to pay Borrower
Rebate
Loan goes into default
Lender submits Claim Applicationto CPCFA
If approved, CPCFA authorizes payment to lender from lender’s
LLR account
Lender continues collection efforts as appropriate
Borrower does not qualifyfor rebate
Lender submits Rebate Application to CPCFA
Both the Lender and CPCFA notify borrower of rebate
ineligibility
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Additional Program Elements • Loans may be enrolled in the Program for a maximum of 48
months; however, loans may mature at a later date.
• The EVCS must be installed in California at the borrower’s place of business or Multi-Unit Dwelling.
• At this time, the CalCAP EVCS Financing Program Regulations do not permit leases.
• For a full description of CalCAP EVCS Financing Program requirements, please refer to the Program Regulations: http://www.treasurer.ca.gov/cpcfa/calcap/regulations/20140624/regulations.pdf http://www.treasurer.ca.gov/cpcfa/evcs/regulations.pdf
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PROGRAM ELIGIBILITY: BORROWERS
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Eligible Borrowers • Any corporation, partnership, cooperative, or other entity,
whether that entity is a nonprofit entity or an entity established for profit, that is authorized to conduct business in the state and has 1,000 or fewer employees.
• Lender may enroll up to $500,000 per borrower
• Ineligible Borrowers: • Persons (individuals) • Public Entities
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Prohibited Business Types
Adult Entertainment
Tobacco Sales or Manufacturing
LiquorStores/
Bars Gambling
Gun Related Sales
Illegal Activity
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PROGRAM ELIGIBILITY: PROJECT COSTS
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Eligible Project Costs • Design and development of EVCS.
• Acquisition of EVCS supply equipment, electric panel or grid improvements, materials and supplies (including conduit and construction materials), signage, and hardware and software necessary for fully operational charger(s).
• Labor to install, operate, and maintain fully operational EVCS during the term of the loan.
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Eligible EVCS Technology Type of EVCS Compatible Network
Connector Types Interoperability* Level 2– SAE J1772 open standard Alternating Current standard protocol Chargers
Direct Current Fast Chargers
CHAdeMO standard
open standard protocol
SAE combination standard
open standard protocol
CHAdeMO/SAE combination standard
open standard protocol
CHAdeMO standard
SAE J1772 standard
This vehicle uses the CHAdeMO standard for DC fast charging and the SAE J1772 standard for Level 2 charging.
*Open standard protocol is waived for medium- and heavy-duty EVCS supply equipment
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Eligible Technology
EVCS Technical Requirements:
• The technical requirements are certified by the Borrower on the Loan Enrollment Application and will be available on the CalCAP EVCS Financing Program website.
• Please refer to the following link for Frequently Asked Questions related to the technical requirements: http://www.treasurer.ca.gov/cpcfa/evcs/response.pdf
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HOW TO PARTICIPATE
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How to Participate Reminder: The first step toward participating in the CalCAP EVCS
Financing Program is to complete the one-page CalCAP Financial Institution Application, which may be found here: http://www.treasurer.ca.gov/cpcfa/calcap/forms/application.pdf
• Please submit this application to the CalCAP inbox: [email protected]
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Q & A
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Questions?
CPCFA Mainline: (916) 654-5610 Email: [email protected] Mail to: California Pollution Control Financing Authority
CalCAP EVCS Financing Program 915 Capitol Mall, Room 457 Sacramento, CA 95814
Web: http://www.treasurer.ca.gov/cpcfa/calcap/index.asp
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CalCAP EVCS Financing Program
Thank You!
California Pollution Control Financing Authority