By GreenerBuildings Staff
Published February 10, 2010
San Francisco, CA — San Francisco has established the nation’s largest green financing program to allow businesses and homeowners to pay for efficiency, water conservation and renewable energy improvements through future property taxes.
The Property Assessed Clean Energy (PACE) program will make $150 million in bonding capacity available to the city’s property owners beginning March 1.
The low-cost loans, which are paid back through property taxes over their lifetime, typically within 20 years, are attached to the property, not the property owner. Eligible property owners will have paid their property taxes on time for the previous three years.
San Francisco Launches Nation's Largest PACE Program | GreenerBuildings.com
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