Energy efficiency financing

SMUD loan program ending

As of November 1, 2021, SMUD will no longer offer financing on energy efficiency upgrade projects. We’re exploring alternative financing options with third-party partners and will share that information as it becomes available. Thank you for continuing to support SMUD’s rebates and our goal to be 100% carbon-free by 2030.

Important dates

  • Friday, October 1, 2021: The last day for contractors to submit new loan applications electronically to and/or the last day for customers to submit a request for loan pre-qualification is Friday, October 1, 2021.
  • Monday, November 1, 2021: All original SMUD loan documents for new loans bearing “wet” signatures (hard copy signed with a pen), excluding the notice of completion documents, must be delivered to SMUD no later than Monday, November 1, 2021.
  • Friday, December 10, 2021: Projects already approved for SMUD financing must have installation completed no later than Friday, December 10, 2021.
  • Wednesday, December 15, 2021: All signed notice of completion documentation for approved, installed projects must be delivered to SMUD no later than Wednesday December 15, 2021.

Projects installed and/or documentation submitted after the dates noted above will be ineligible for SMUD financing.

A smart choice

Homeowners can pre-qualify for easy and affordable SMUD financing on energy efficient equipment upgrades that can save thousands of dollars over the life of the loan. You won’t find any mysterious interest charges, origination costs or pre-payment fees that are common with many home improvement loans. The person applying:

  • must be the same person as recorded in the county clerk recorder’s office on the property's grant deed.
  • must be the same person who holds the electric utility account.
  • cannot have a security freeze on their consumer credit report records.

Find a contractor

How to prequalify

To prequalify, call our Loan team at 916-732-6533 or
The last day to request a loan pre-qualification is Friday, October 1, 2021.

Learn more about our financing program.
Find out how you can get energy efficient equipment.

Loan comparison



Interest rate 

6.99% fixed rate 15-year term 7.75% (or higher on 25-year term)
Pre-payment fee None Amount determined by remaining loan term
Closing costs None Can be $700 (or more)
Origination fee None Usually 3% of amount financed
Equity requirement None As much as 15%
Annual fee None Averages $35
Recording fee None As much as $95
Have questions on SMUD financing? Give us a call at 1-916-732-5472. For all other questions, please call 1-888-742-7683.