LOS ANGELES – A program that allows property owners to finance energy efficiency and water conservation projects with the aid of municipal bond financing took another step forward when San Diego approved competing program administrators.

The San Diego City Council passed a resolution last week opting into the Property Assessed Clean Energy, or PACE, program administered by Figtree Energy Resources Co. for the California Enterprise Development Authority. A month earlier, the city council approved a resolution to opt into the CaliforniaFIRST program, operated by the California Statewide Communities Development Authority and administered by Renewable Funding.

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