Project Information

Bid Title

Low-Interest Solar and Energy Storage Loan Program

Issuing Agency

City of Pasadena

Location

California

Published Date

Jul 23, 2026

Closing Date

Aug 21, 2026

Government Level

State & Local

Status

Closed

Ref. #

2026-RFP-0399

Original Source

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Bid Documents

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Project Description

Project ID: 2026-RFP-0399

Title: Low-Interest Solar and Energy Storage Loan Program

Addenda: 0

Release Date: 7/23/2026

Due Date: 8/21/2026

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Low-Interest Solar and Energy Storage Loan Program

Request for Proposals

Water & Power Department

52 , 521 , 5211 , 52111 , 521110 ... show all

Project ID: 2026-RFP-0399

Release Date: Thursday, July 23, 2026

· Due Date: Friday, August 21, 2026 3:00pm

Posted Thursday, July 23, 2026 12:52pm

All dates & times in Pacific Time

Draft Response No Bid

Time Remaining: 28 days, 20 hours, 0 minutes

Post Information

Posted At:Thu, Jul 23, 2026 12:52 PM
Sealed Bid Process:Yes (Bids Sealed / Pricing Sealed)
Private Bid:No

Overview

Summary

The City of Pasadena, through Pasadena Water and Power ("PWP"), is seeking proposals from qualified local banks and credit unions to partner in implementing a Low-Interest Solar and Energy Storage Loan Program. This program will primarily target low-income PWP residential electric customers enrolled in one of PWP's Electric Utility Assistance Programs (e.g., EUAP, CARES, CARES Plus). The Public Benefit Fund will subsidize, or "buydown," each loan to allow the successful Proposing Entity to offer a target interest rate within the range of 0% to 3% APR.

• Public Benefit Fund Allocation: PWP has tentatively allocated $3,000,000 for loan buydowns over three years.

• Target Participation Goal: PWP's goal is to fund loans for 175 customers over the program's initial three-year period.

• Optional Component: Proposing Entities are also encouraged to present options for offering similar loans to PWP's regular, non-low income electric customers.

Timeline

Release Project Date:

July 23, 2026

Question Submission Deadline:

August 10, 2026, 3:00pm

Proposal Submission Deadline:

August 21, 2026, 3:00pm

Commodity Codes

• NAICS 221114Solar Electric Power Generation
• NAICS 237130Power and Communication Line and Related Structures Construction
• NAICS 541330Engineering Services
• NAICS 541611Administrative Management and General Management Consulting Services
• NAICS 541690Other Scientific and Technical Consulting Services

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