SAN FRANCISCO — San Francisco has started a program to finance energy efficiency in commercial buildings through loans backed by property taxes.

The city has green-lighted up to $100 million in financing for an “open market” Property Assessed Clean Energy, or PACE, program, which will help secure bank loans to commercial property owners through competition. The loans will be repaid by a special tax assessment on the property that may extend for up to 20 years.

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