City of San Francisco - GreenFinanceSF (California)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||City of San Francisco - GreenFinanceSF|
|Incentive Type||PACE Financing|
|Applicable Sector||Commercial, Nonprofit, Multi-Family Residential|
|Eligible Technologies||Water Heaters, Furnaces, Boilers, Central Air conditioners, Programmable Thermostats, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Solar Water Heat, Photovoltaics|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|Funding Source||Bonds, The American Recovery and Reinvestment Act of 2009 (ARRA)|
|Program Budget||$150 million|
|Terms|| Minimum: 50,000|
Maximum: 10% of the assessed value of the property
|Program Administrator||Renewable Funding|
|Date added to DSIRE||2010-04-16|
|Last DSIRE Review||2012-10-11|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
GreenFinanceSF is a Property Assessed Clean Energy (PACE) financing program, and is funded through a mix of bonds and funds granted to the city through the federal American Recovery and Reinvestment Act (ARRA). GreenFinance SF uses an "open-market" PACE model in which individual property owners identify their own project lenders and negotiate all the financing terms with them. The City collects loan repayments from the participant through a special tax lien on the property and disburses payment to the project lender. The special tax lean should provide greater security to the lender, who should be able to provide more favorable financing terms to the property owner.
The property must be located in the City and County of San Francisco must e current in the payment of all obligations secured to the property including property taxes, assessments and tax liens within the past 3 years. The GreenFinance SF lien will be a senior lien, and the property owner must receive written consent from all lenders with existing liens on the property. The property owner must also have a professional energy and/or water audit conducted on the property, and the improvements being targeted by the financing must be identified as opportunities or recommendations by the auditor. If a renewable energy system is financed, the property owner must also implement energy efficiency measures resulting in a 10% improvement in building energy performance.
See program web site for additional rules and restrictions.
|Contact Name||Customer Service|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||San Francisco Ordinance 016-10|
|Authority 2:||San Francisco Ordinance 308-11|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.