Financial Services Partner for Residential Electrification
Peninsula Clean Energy seeks a financial services partner to originate and service consumer financing for residential heat pump installations, EV chargers, and behind-the-meter solar plus battery storage systems across its customer base in San Mateo and Santa Clara counties—with on-bill repayment integration and target interest rates competitive enough to unlock scale in electrification adoption. PCE operates multiple program models including rebates and turnkey installations but requires third-party capital and lower-friction underwriting to meet its decarbonization targets. This is a standalone opportunity; a parallel RFP for a third-party-owned solar developer is also open.
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AI overview
Peninsula Clean Energy (PCE) is seeking proposals from interested vendors for financial services for residential electrification and solar plus storage systems. PCE operates a number of services to help customers deploy electric home appliances, electric vehicle chargers, and behind-the-meter solar + battery storage. The services span multiple program models, such as providing rebates for home appliances, organizing turnkey installations, and financing equipment with on-bill repayment. PCE's goal is to achieve greater scale across the general PCE customer class to meet its decarbonization goals, and third-party financing is key to achieving that scale. This RFP aims to identify a financial services partner who can provide financial services with lower friction and improved interest rates. This RFP is associated with a second RFP for a solar developer for third-party-owned solar and storage but is independent of that RFP. Proposers may submit proposals on one or both.
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Proposal Document
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