It’s simple! Find out how to take advantage of unprecedented cash incentives that will help you make a few small changes that will save you BIG money.

Step 1: What incentives do you qualify for?

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The city of Phoenix was awarded a $25 million federal grant from the U.S. Department of Energy Better Buildings Neighborhood Program and the American Recovery and Reinvestment Act (ARRA) to launch the Energize Phoenix program in partnership with Arizona State University and with support from Arizona Public Service. The Energize Phoenix program saves energy, creates jobs and will transform a diverse array of neighborhoods along a 10-mile stretch of the Metro light rail.
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Energize Phoenix Business Financing Program

Energize Phoenix offers both incentives and financing to help pay for energy-saving projects for businesses located within the Energize Phoenix corridor. The Energize Phoenix Rebate program leverages the APS Solutions for Business rebate program by providing a matching rebate (not to exceed 100% of incremental cost) for energy efficiency projects.

Energize Phoenix Business Finance program, a partnership of the city of Phoenix and National Bank of Arizona (NB|AZ), is designed to assist with the costs of energy efficiency improvements not paid for by rebates. Loan criteria includes:

  • Loan size — $50,000 minimum (total project costs minus APS and Energize Phoenix rebates = financing amount)
  • Loan term — 12 months minimum, 120 months maximum
  • Loan type — collateral will generally be required depending upon loan size, term and underwriting requirements
  • Interest rate — low, fixed rate for entire loan term

Eligible Energy Efficiency Improvements

Low interest-rate financing is available for energy-efficiency improvement projects that have met the requirements of the APS Solutions for Business and Energize Phoenix programs. Financing is only available for approved energy-efficiency improvements as outlined by these programs. Generally speaking, if the APS Solutions for Business program allows a rebate for a particular energy improvement, you also will be able to finance such an improvement.

Examples of energy-saving measures include: heating, ventilating, air-conditioning (HVAC) systems, lighting, building envelopes and refrigeration improvements. This program does not provide financing for energy efficiency improvements associated with normal construction activities. The proposed energy efficiency improvements will be reviewed by Energize Phoenix staff before NB|AZ is notified of your interest for financing in order to expedite the review process.

How It Works

  1. Verify your businesses are located within the Energize Phoenix Corridor by using the address look-up tool in the left navigation bar.
  2. Select an approved Energize Phoenix Commercial Contractor
  3. Contractor provides a project proposal with an estimate of rebates available through the APS Solutions for Business and Energize Phoenix.
  4. Receive preliminary approval of your rebate application from APS and Energize Phoenix.
  5. Determine if the estimated project cost minus APS and Energize Phoenix rebates is greater than $50,000. If it is, you may qualify for financing.
  6. Contact the city of Phoenix Community and Economic Development Department at 602-534-2002. Staff will confirm your eligibility to participate in the Energize Phoenix Finance Program.
  7. Once confirmed, submit your Energize Phoenix loan package to National Bank of Arizona (NB|AZ).
  8. Proceed through the NB|AZ approval and closing process
  9. Complete your project.

How to Apply for Financing

For a limited time, Energize Phoenix Business Finance Program will offer a competitive fixed interest rate less than 6.00%*, subject to credit approval from NB|AZ;

  1. Submit a complete EPHX Loan Package consisting of the following to Peter Eberle at Peter.Eberle@nbarizona.com or contact Peter at 602.212.5507 for delivery options:
    • Energize Phoenix Loan Application
    • Three years of business financial statements ( balance sheet and income statements)
    • Three years business tax returns
    • Current interim business financial statements (balance sheet and income statements)
    • Three years of personal federal income tax returns for each owner with 20% or more ownership interest
    • Personal financial statement for each owner with 20% or more ownership interest in the business
    • Other information
      1. APS rebate letter
      2. Energize Phoenix rebate letter
      3. Energize Phoenix Commercial Finance Program Acknowledgment Form
  2. A NB|AZ representative will contact you regarding the decision of your loan application. If your loan is approved, NB|AZ will review with you the approved loan amount, term, interest rate and other conditions of your loan. *Your interest rate will be based on various criteria including loan amount, term, collateral and creditworthiness. Your interest rate will be locked for a period of 30 days from the date of approval. Failure to close the loan within 30 days of approval may result in a different interest rate for your loan.
  3. Upon closing of the loan, the contractor may perform the work. NB|AZ will disburse loan proceeds to the contractor during the course of installing the improvements with your authorization.
  4. Once all work is completed and verified, you will receive qualified rebates from APS and Energize Phoenix.

For additional information please contact: Mitchell Hayden, Community and Economic Development Department, city of Phoenix at 602.534.2002 or by email at Mitchell.hayden@phoenix.gov