Los Angeles and San Francisco Launch New Commercial Energy Programsby Don Knapp
Los Angeles. Photo credit: kla4067 via Flickr
Last week the City of Los Angeles and City of San Francisco each rolled out impressive new programs to help commercial property owners save energy and money, in partnership with the Clinton Climate Initiative.
San Francisco's GreenFinanceSF-Commercial
The groundbreaking GreenFinanceSF-Commercial program will 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.
Los Angeles' LA Commercial Building Performance Partnership
Mayor Villaraigosa launched the LA Commercial Building Performance Partnership, a first-of-its-kind, Recovery Act-funded program that will help owners of commercial properties make their buildings more energy and water efficient, while saving tenants money and stimulating the local economy. Through the LA Commercial Building Performance Partnership, building owners can access free energy assessments, as well as financing at competitive rates to cover up to 100 percent of the cost of their energy upgrades.