It was just this summer that San Francisco had to suspend it’s cutting edge loan program that would have revolutionized green building across The City. Yet, residents shouldn’t shrug off energy savings just yet.
The City this week is launching a new tax credit for residents who are interested in retrofitting their homes to cutback on their energy use. Homeowners can get up to $2,000 in tax credits, depending on their income level, if they get an energy audit and go through with improvements that will result in a 20 percent energy savings, at minimum.
The money is being funneled through federal stimulus dollars, allowing as many as 430 homes in San Francisco to save. It doesn’t sound like much, but the tax credit coupled with Pacific Gas & Electric Co.’s $3,500 tax credit creates a real incentive for homeowners to start energy retrofitting., a nearly $7,000 incentive.