Under San Francisco’s C-PACE program, known as “GreenFinanceSF”, (established 2011, updated 2016) commercial property owners can secure 100% financing for RE and EE improvements. Once the RE and EE improvements have been made, property owners are protected from utility cost increases and can share the benefits with their tenants. San Francisco’s PACE program uses the “open market” PACE model which allows prospective developers to finance a project with a qualified capital provider of their choice. An “open market” system permits an individual owner to target lenders and negotiate financing terms. The City then collects repayments from a special tax lien on the property and then pays the lender like any traditional PACE program.