San Francisco is joining the list of municipalities offering a PACE (Property Assessed Clean Energy) financing program. The new initiative will be called San Francisco Sustainable Financing, or SF Squared (SF2) and will allow both residential and commercial building owners to finance solar water heating systems on their property taxes over a 20 year period. The financing program is expected to launch in early 2010.
SunWater Solar is pleased to see the SF2 program move forward. The financing package will help more business and home owners install solar water heating systems to reduce greenhouse gasses and cut down on energy bills.
Solar Water Heating is expected to play a larger role in helping buildings exceed California’s Title 24 regulations in 2010. SunWater Solar is assisting developers exceed Title 24 standards by installing solar hot water systems on multifamily affordable housing projects around the Bay Area, including developments in
When considering the purchase of a solar water heating system, it is important to consider Life Cycle Costing as opposed to just the simple payback of a system. Solar water heating systems are designed to last for many years and if you just look at the time it takes to recover your initial investment through your energy savings you miss out on the long term financial benefits of the system.