Which Properties are Eligible?

All types of commercial, industrial and multifamily (5+ units) buildings are eligible for PropertyFit, including:

What Measures are Eligible?

Eligible improvements must be permanently affixed to the property and meet at least one of the following requirements:

• Lower the property’s energy consumption;

• Generate renewable energy;

• Enable on-site storage of renewable energy;

• Create or improve the property’s capacity to charge electric vehicles;

• Lower the property’s water consumption; or

• Improve the seismic resiliency of the building.

A few examples include:

See the Technical Standards section of the PropertyFit Program Guide to learn more about the specific technical requirements of the program.

Are There Limits on What Can be Financed?

The total PropertyFit financing cannot exceed 30 percent of the value of the property and can be used to pay:

• The cost of building performance audits;

• The cost of energy efficiency, renewable energy, water conservation, and seismic resiliency improvements to the property;

• The cost of other improvements that are directly related to the installation of these improvements (e.g. roof upgrades to support a roof-mounted solar PV installation);

• Commissioning costs; and

• Fees, reserves and other PropertyFit program costs.

What is the Maximum Financing Term?

The maximum term of the PropertyFit financing is based upon the weighted average useful life of the improvements being installed. These estimates will be included in the building performance audit of the building.

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