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The California Air Resources Board has launched a loan program to help the state’s small businesses achieve early compliance with the board’s off-road diesel regulations. In partnership with the California Pollution Control Financing Authority, $5 million in American Recovery and Reinvestment Act funds will be available.
The funds are available to upgrade off-road diesel vehicles used in construction, agriculture, mining and industrial operations for businesses unable to obtain financing for this purpose through conventional loans.
Eligibility requirements include:
Fleets of all sizes are eligible for the loan assistance program. The loan may be used to cover engine repowers (upgrades to cleaner Tier 2 to Tier 4 engines that are ARB-certified or remanufactured), replacement of an older vehicle with one of the same type and similar horsepower equipped with a cleaner Tier 2 to Tier 4 engine, ARB-verified diesel emission control devices or exhaust retrofits, and projected maintenance costs for exhaust retrofits, installation and extended warranties for purchased vehicles.