California Capital Access Program (CalCAP) Electric Vehicle Charging Station (EVCS) Financing Program

Purpose: The program's goal is to expand the the number of electric vehicle (EV) charging stations installed by small businesses in California. Millions of consumers in the state do not buy zero emission electric vehicles because of the average driving range of 80-100 miles and the lack of charging stations. This program provides incentives to small business owners and landlords to install EV charging stations for employees, clients and tenants. Loans in this program must be used for the design, development, purchase, and/or installation of electric vehicle charging stations at small business locations in California. Borrowers may be eligible to receive a rebate of 10-15% of the enrolled loan amount. Loans enrolled in the program may receive up to 100% coverage in case of defaults.Maximum loan enrollment amount is $500,000.00.CPCFA does not work directly with borrowers to apply for financing, applicants mus apply through participating financial institutions. https://www.treasurer.ca.gov/cpcfa/calcap/evcs/lenders.pdfThe total number of loans enrolled (2015-2019) is 2, with an average loan amount of $255,562.00. Eligible Applicants: The qualifications for this program includes the following: 1. That the majority of business must be conducted in California. 2. The borrower has 1,000 employees or fewer 3. The EVCS supply equipment must meet minimum technical requirements as set forth by the California Energy Commission. Eligible Geographies: The EVCS installation must be located within the boundaries of the State of California. An additional contribution amount is given for installations of multi-unit dwellings and in disadvantaged communities. Matching Funding: Not applicable

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  calcap@treasurer.ca.gov