In order to overcome capital market barriers, the CEFC will invest in firms and projects utilising energy efficiency and low emissions technologies as well as manufacturing businesses that focus on producing the inputs required. It is intended that the CEFC will act as a catalyst to private investment that is currently not available for clean energy technologies. The new entity aims at providing low-cost financing for clean energy and efficiency projects (including large-scale rooftop solar plants or commercial building retrofits or even high-voltage lines). The bank will be funded by a surcharge on residential and commercial electricity bills, which was previously paid into the state's Clean Energy Fund, amounting to USD 30 million a year.