What is the property assessed clean energy program, and how is it part of Obama's green plan? This program is part of the larger Recovery Through Retrofit plan that was unveiled by Vice President Biden. The property assessed clean energy program, also called the PACE program, involves partnerships between private and public entities that involve state and localized governments. These pilot programs would enable a homeowner to make improvements in the energy efficiency and make changes to renewable energy sources and then pay for these improvements by utilizing a property tax assessment which is voluntary. This is a green investing opportunity for both the homeowner and the government entity. The goal of the PACE programs involves three key factors. It will create jobs, reduce the carbon footprint that Americans leave, and lower the energy costs that families pay.
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