San Francisco, CA— Today Mayor Edwin M. Lee and the San Francisco Department of the Environment (DOE) launched the groundbreaking GreenFinanceSF-Commercial program to help San Francisco businesses green their buildings, cut down on carbon emissions, save energy and create jobs in San Francisco.
The program is a Property Assessed Clean Energy (PACE) program which gives commercial property owners access to new forms of financing for the installation of energy efficiency, renewable energy, and water conservation improvements. The program directly addresses the main barriers to the implementation of energy efficiency improvements in commercial buildings – financing.
“GreenFinanceSF-Commercial is the next big step forward in San Francisco’s efforts to dramatically reduce energy use and carbon emissions,” said Mayor Lee. “We are excited about the potential to unlock an enormous amount of private investment – from a wide range of sources – and create thousands of local construction jobs. As of today, we are open for business.”