You are here

City of San Francisco - GreenFinanceSF

Eligibility 
Commercial
Nonprofit
Multifamily Residential
Savings Category 
Solar Water Heat
Solar Photovoltaics
Water Heaters
Furnaces
Boilers
Air conditioners
Programmable Thermostats
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Program Info
Sector Name 
Local
Administrator 
Renewable Funding
Funding Source 

Bonds, The American Recovery and Reinvestment Act of 2009 (ARRA)

State 
California
Program Type 
PACE Financing
Summary 

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.