Property owners could begin borrowing money for energy and water efficiency improvements through a city-backed program within weeks.
The San Francisco Sustainable Financing Program, which is sometimes called SF2 in city press releases, is set to launch March 1, according to Mayor Gavin Newsom.
Under the program, money can be borrowed to improve the efficiency of buildings. Loan repayments are made from utility bill savings.
“If you want to put an electric charging station in your home in anticipation of all these electric vehicles, you can do it through this green financing program,” Newsom said in his latest online video address. “If you want to do water conservation; if you want to replace that old boiler with a more modern and more efficient boiler, we’ll do that for you. Just call 311 and ask about green financing.”