SB1265 establishes the GoGreen Program to finance energy efficiency and decarbonization measures for California residents.

SB1265 creates the GoGreen Program, administered by the California Alternative Energy and Advanced Transportation Financing Authority. The program provides financing assistance, such as credit enhancements, to lenders supporting eligible energy efficiency and decarbonization measures for residents. It uses moneys from ratepayers of electrical and gas corporations, as well as other funding sources, to achieve these goals. The authority can also receive additional funds from federal, state, local, or private sources, provided they align with the program's purposes.

SB1265 establishes the GoGreen Program to finance energy efficiency and decarbonization measures for California residents.

SB1265 creates the GoGreen Program, administered by the California Alternative Energy and Advanced Transportation Financing Authority. The program provides financing assistance, such as credit enhancements, to lenders supporting eligible energy efficiency and decarbonization measures for residents. It uses moneys from ratepayers of electrical and gas corporations, as well as other funding sources, to achieve these goals. The authority can also receive additional funds from federal, state, local, or private sources, provided they align with the program's purposes.