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Yucaipa Energy Independence Program. Yucaipa Energy Independence Program. AB 811 signed into law on July 21, 2008 Enables Property Owners to make responsible and affordable energy improvements to existing structures

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yucaipa energy independence program2
Yucaipa Energy Independence Program
  • AB 811 signed into law on July 21, 2008
  • Enables Property Owners to make responsible and affordable energy improvements to existing structures
  • Provide unique financing and repayment vehicle to the Property Owner to fund Improvements
yucaipa eip background
Yucaipa EIP - Background
  • City enters into agreement with Property Owner to fund energy improvements to existing residential and commercial property
  • Property Owner agrees to a contractual assessment on property tax bill for either 10, 15 or 20 years
  • Criteria for Loan Approval:
    • Current on property taxes
    • Current on mortgage
    • Improvements are limited to 10% of assessed value of property
  • Property secures the loan and the loan stays with property
  • Initial program loans carry 7% interest rate
eligible energy improvements
Eligible Energy Improvements

HVAC Systems

Skylights

Tankless Water Heaters

Attic & Wall Insulation

Cool Roof Systems

High Efficiency Windows

yucaipa eip process
Yucaipa EIP Process
  • An Application is filled out by Property Owner listing proposed improvements
  • Preliminary field assessment is made of proposed improvements
  • Application is approved if improvements qualify and loan criteria are met
  • City Staff reviews and gives approval of project
  • Assessment Contract between Property Owner and City is signed
  • Improvements are made by Property Owner/Contractor
  • Funds Released to Property Owner
  • Lien/Assessment placed on parcel by City Staff
yucaipa eip documents
Yucaipa EIP Documents
  • Program Report and Administrative Guidelines
    • Overview of the program and directing document
  • Appendix A (page 320)
    • Map of City’s Boundaries
  • Appendix B (page 321)
    • List of Eligible Energy Improvements
  • Appendix C (page 323)
    • Loan Application to be filled out by Property Owner
  • Appendix D (page 335)
    • EIP Assessment Contract
  • Appendix E (page 354)
    • Summary of Loan Process