San Francisco: GreenFinanceSF
PACE financing available for renewable energy systems through local governments in California.
Learn more about this energy rebate or let us
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Recently released federal guidelines regarding PACE financing have caused San Francisco to temporarily suspend this program. More information will be posted on the website above as it becomes available.
In April 2010, San Francisco launched the country's largest Property Assessed Clean Energy (PACE) financing program, GreenFinanceSF. The program is funded through a mix of bonds and funds granted to the city through the federal American Recovery and Reinvestment Act (ARRA), and is being administered by Renewable Funding. GreenFinanceSF allows homeowners and businesses to borrow money from the city, and to repay the loans through a special assessment on their property tax bills. When ownership of the building changes, the repayments remain with the property, thus get transferred to the new owner.
Participants can borrow between $5,000 and $50,000 dollars and repayment can be spread across a maximum of 20 years. The actual payback period will be tied to the expected life of the equipment being installed. A wide variety of energy projects are eligible for funding including new energy efficient HVAC equipment, building shell improvements, photovoltaic (PV) systems and solar water heaters. Participants must install minimum energy efficiency prior to receiving financing for a PV system. There are two options. The homeowner or business owner can elect to have an energy audit and include energy efficiency projects that will reduce the property's overall energy use by at least 20%, or they can install a basic package of energy efficiency and water efficiency measures in lieu of the audit. In the future, the city will require all participants seeking financing for PV to complete a whole home performance energy audit.
Additional requirements exist for property owners to qualify for financing through the program, and can be found at the website above. Interested homeowners can also apply for financing at the website above. Commercial applications must be taken directly by the program staff. More Information: San Francisco Website
In April 2010, San Francisco launched the country's largest Property Assessed Clean Energy (PACE) financing program, GreenFinanceSF. The program is funded through a mix of bonds and funds granted to the city through the federal American Recovery and Reinvestment Act (ARRA), and is being administered by Renewable Funding. GreenFinanceSF allows homeowners and businesses to borrow money from the city, and to repay the loans through a special assessment on their property tax bills. When ownership of the building changes, the repayments remain with the property, thus get transferred to the new owner.
Participants can borrow between $5,000 and $50,000 dollars and repayment can be spread across a maximum of 20 years. The actual payback period will be tied to the expected life of the equipment being installed. A wide variety of energy projects are eligible for funding including new energy efficient HVAC equipment, building shell improvements, photovoltaic (PV) systems and solar water heaters. Participants must install minimum energy efficiency prior to receiving financing for a PV system. There are two options. The homeowner or business owner can elect to have an energy audit and include energy efficiency projects that will reduce the property's overall energy use by at least 20%, or they can install a basic package of energy efficiency and water efficiency measures in lieu of the audit. In the future, the city will require all participants seeking financing for PV to complete a whole home performance energy audit.
Additional requirements exist for property owners to qualify for financing through the program, and can be found at the website above. Interested homeowners can also apply for financing at the website above. Commercial applications must be taken directly by the program staff. More Information: San Francisco Website
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