reenFinanceSF announced it’s use of Stimulus Funds

The nation’s largest Property Assessed Clean Energy (PACE) program, GreenFinanceSF  received stimulus funds in the spring of 2010.  GreenFinanceSF announced it intends to use the stimulus funds to reduce the interest rate paid by property owners by approximately 1.5% for as long as the funds are available. San Francisco is one of more than 200 cities in 17 states participating in PACE programs.  In a PACE program, a homeowner can pay for investments in renewable energy or energy efficiency improvements through an increase in their property taxes.