Developer Incentive
Electrifying the Central Coast through affordable and clean housing
Electrifying the Central Coast through affordable and clean housing
The Developer Incentive program is a competitive grant for developers who are planning new all-electric housing construction developments. Any housing developer building a development within 3CE service area may apply. A minimum of 75% of funds will be awarded to affordable housing projects. A maximum of $240,000 will be awarded to a single housing development. Funding amounts depend on the type of development and the number of all-electric units being built.
$2,500 per affordable housing unit $1,750 per market-rate housing unit
Steps to Participate in the Developer Incentive Program
1. Apply Online
What you will need:
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Housing Unit Details (# of units, affordable vs. market rate, etc)
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Project Schedule
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At least one document showing intent to build an all-electric project
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Architect of Record’s plans with confirmation letter from the architect describing how the building meets the all electric requirement and citing relevant pages
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Confirmation letter from the electrical engineer describing how the building design plans meets the all-electric requirement
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2. If approved, your funds will be reserved and you will receive a Letter of Intent stating the total grant for your project. Funds may be reserved for up to 3.5 years*
3. Receive grant funds upon project completion.
You will need to provide:
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Certificate of Occupancy – OR – notice of Completion
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Inspection report showing all electrical work has been completed and no gas lines have been installed
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