Solving the Cost Hurdle for Green Retrofits: GreenFinanceSF

Presented by

Richard Chien, LEEP AP, CGBP, City and County of San Francisco

About this talk

GreenFinanceSF is a property assessed clean energy (PACE) program launched in San Francisco on March1, 2010. The program will enable private property owners to finance energy efficiency, water efficiency and renewable energy projects on residential and commercial properties in San Francisco. If approved for financing, property owners will receive funds from the City for the upfront cost of projects and agree to repay the cost of the project plus interest as an additional line item on their property tax bill for the “life” of the financed improvements (up to 20 years). If the property is sold, both the property improvements and the remaining debt stay with the property and are passed on to the new owner. This presentation will cover the basics of the program design, including how GreenFinanceSF will help the City meet its carbon reduction goals; a general overview of the program; eligible measures and owner requirements; contractor qualifications and QA/QC issues; outreach and marketing, and other issues.

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