Loan Servicing and Financial Administration

The contract involves originating, servicing, and managing consumer loans specifically for solar and storage projects, with responsibilities including full payment processing and ensuring strict compliance with applicable regulations. This subcontract requires the vendor to handle all financial administration aspects of the loan lifecycle, from disbursement through repayment, while maintaining adherence to industry and regulatory standards tied to renewable energy financing. The solicitation was posted on July 23, 2026, with a response deadline of August 21, 2026, and is under the purview of the Water & Power Department in California. The NAICS code 522298 identifies this as other credit intermediation, indicating a focus on financial services beyond traditional banking. The place of performance and office address details are unspecified, but the contract is directly tied to California-based operations and likely supports local clean energy initiatives under the agency’s broader sustainability objectives.