San Francisco proposes subsidy program to encourage solar panel installation

San Francisco proposes subsidy program to encourage solar panel installation

SF GreenHomeowners who choose to install Solar Panels get help from the City of San Francisco in new subsidy program that was proposed on Tuesday. Some experts say the effort is groundbreaking and, if implemented, could be the nation’s biggest such program. The proposed subsidy would be $3,000 and $5,000 per residence and up to $10,000 for businesses. City officials are also proposing a low-interest financing program that would allow residents to incrementally pay back money borrowed for solar installations at below-market rates, possibly via charges on their property tax bills like near by City Berkeley, CA Solar imitative program.

When combined with the state’s solar rebate program and federal tax credits, the cost of installing solar could be cut in half for San Francisco residents and businesses.

This is a great way to make renewable (energy) work in the city. For additional details on this program and San Francisco’s on going effort to be a leader in renewable energy; see San Francisco Go Green for more details.

Subscribe to our daily mortgage market emails.

Have a Question?

Legal Disclaimer
Or give us a call
925-484-5363