Important Reminders
As we are nearing the end of the year, here are some important reminders for you and your team. 

  • SoCalREN Multifamily Financing Program SUSPENDED: Due to recent examination of existing statewide programs and survey of interested property owners, the SoCalREN has effective immediately suspended the SoCalREN Multifamily Financing Program. SoCalREN will re-examine its current finance offering and identify new potential financing products or strategies that can be deployed to meet property owner’s capital financing needs in this fast-paced market. At this time, we ask that contractors please remove any references to the Program from your outreach and do not use any cobranded materials that mention the Multifamily Financing Program. The SoCalREN Multifamily Team will work with Contractors in future designs and product offerings for strategies and feedback to be more successful.

  • Complete Construction: Contractors must complete construction by December 15, 2021. If you need assistance, please reach out to your Account Manager for general support and discuss potential ways to expedite moving your projects forward. 

Contractor Performance Incentive Information

  • $25,000 Performance Incentive: The first contractor to achieve 500,000 kWh installed savings through projects that have an Application Received Date of 4/20/21 or earlier will receive a performance incentive of $25,000. To be eligible, projects must have the IR Approved or be in Final Application Review status as of 12/31/21.

  • $50,000 Performance Incentive: The first contractor to achieve 500,000 kWh installed savings through projects with an Application Received Date on 4/21/21 or later will receive a performance incentive of $50,000. To be eligible, projects must have the IR Approved or be in Final Application Review status as of 12/31/21.     
    
Terms and Conditions
Project(s) must be installed and completed by an active SoCalREN Participating Contractor by December 31, 2021; 2020 projects or projects with 2022 completion dates are not eligible. One of each Performance Incentive is available, and one contractor company can receive both Incentives. Participating Contractors are automatically entered in the contest by submitting projects through the Trade Ally Portal. Project Completion is defined as when project enters the Final Application Review status in the Trade Ally Portal. Recipients will be selected based on Project Completion timestamp from the Program’s Trade Ally Portal. In the event of a tie, the project with the highest therms savings will receive the incentive. Please visit our website or contact your Account Manager if you have any additional questions.