San Francisco has officially launched the GreenFinanceSF program which allows businesses and homeowners to finance solar thermal systems through a special assessment on their property tax. The $150 million loan program is the largest PACE (Property Assessed Clean Energy) program in the country and allows financing of solar and other energy efficiency projects with little upfront cost as the program is financed on the property tax over a number of years.
One of the requirements of the program is that buildings must have basic energy efficiency measures implemented before solar electricity projects (PV) can be funded. Solar water heating is considered one of these energy efficiency measures and can help a building reach the energy efficiency requirements needed to install PV solar for electricity.
SunWater Solar applauds the efforts of San Francisco in leading the country with its new PACE program.
Category: Solar Financing
Tags: California, Commercial, energy efficiency, Financing, GreenFinanceSF, PACE, Property Tax, PV, Renewable Funding, San Francisco, solar, solar hot water, Solar Thermal, Solar Water Heating, Tax District
