Low-Interest Solar and Energy Storage Loan Program

The City of Pasadena, through Pasadena Water and Power, is soliciting proposals to establish a Low-Interest Solar and Energy Storage Loan Program targeted at low-income residential electric customers enrolled in utility assistance programs such as EUAP, CARES, and CARES Plus. The program will leverage a $3 million Public Benefit Fund allocation over three years to subsidize loans, enabling participating financial institutions to offer interest rates between 0% and 3% APR, with a goal of funding loans for 175 customers during the initial term. Proposals may also include optional components for extending similar financing to non-low-income customers. The solicitation, numbered 2026-RFP-0399, was posted on July 23, 2026, with proposals due by August 21, 2026. Respondents must hold a Valid Unique Entity Identifier and submit required certifications, including conflict of interest and federal lobbying disclosures, with affirmative responses triggering additional reporting obligations such as SF-LLL forms. Contractors must also demonstrate compliance with California prevailing wage laws, the Pasadena Living Wage Ordinance, and environmental statutes like the Clean Air Act and Federal Water Pollution Control Act. Performance is limited to Pasadena, California, with the contractor responsible for all labor, materials, and logistical costs without explicit FOB terms. All deliverables, including reports and digital files, become the exclusive property of the City upon creation. The City requires prior written consent for subcontracting and prohibits contract assignment without approval. Contractors must obtain a Pasadena business license, prioritize hiring Pasadena residents, and maintain detailed payroll and compliance records for three years subject to audit. Disputes under $25,000 must be resolved through binding arbitration under AAA rules in Los Angeles. Payment terms allow for monthly invoicing within 30 days, with invoices requiring hours worked, basis of charges, and supporting documentation. While the contract includes placeholder provisions for compensation, payment schedules, and change orders, no definitive CLIN structure, contract type, or award evaluation criteria are specified. The program is managed by the Water & Power Department, with Gordon Algermissen as the primary point of contact.