Electric Vehicle (EV) Charging Station Loan and Rebate Program
The Electric Vehicle Charging Station Financing Program (Program), part of the California Capital Access Program (CalCAP), provides loans for the design, development, purchase, and installation of EV charging stations at small business locations in California. Small businesses are eligible for a rebate of 10-15% of the enrolled loan amount. Eligible borrowers must be small businesses with 1,000 or fewer employees and must maintain legal control of the EV charging station for the entire loan period. The maximum loan amount is $500,000 per qualified small business and can be insured for up to four years. Projects located in multi-unit dwellings and disadvantaged communities may be eligible for an additional 30% of funding.
The Program may provide up to 100% coverage to lenders on certain loan defaults. Lenders must apply to the California Pollution Control Financing Authority (CPCFA) to participate and enroll each qualified EV charging station loan through CalCAP.
The California Energy Commission funds the Program. For more information, including EV charging station technical requirements and eligibility requirements for both borrowers and lenders, see the Program website.