CaliforniaFIRST, the government-supported PACE financing program for sustainable energy projects, is now available to property owners in San Francisco. Eligible landscape improvements include drip irrigation, low-voltage LED lighting, solar panels, greywater systems, and stormwater capture and reuse programs, a particular specialty of Madroño Landscape Design Studio.
The program will finance 100% of qualified project expenses, up to $200,000 or 15% of the property value (whichever is less), with no out-of-pocket cost to the client. The loan balance is applied to the property, not to the borrower, and payments are tied to property taxes, paid only twice per year. The underwriters do not look at FICO score, debt-to-income ratio, or personal income, and the application process can be done over the phone with approval rendered immediately. By reducing annual energy bills and increasing property values, the program essentially pays for itself.
CaliforniaFIRST offers such favorable terms as incentive for property owners to make the physical improvements now that will lead us into a more sustainable tomorrow. It is a win-win proposition, and Madroño is proud to be a certified contractor on the CaliforniaFIRST team.
We encourage interested local property owners to contact us today and get started.
