Clinton proposes Pay As You Save type stimulus

It seems the White House is considering a national weatherization ('energy upgrade' in our language) programme for 2009 that, according to GreenBuildingAdvisor.com, will aim to "demystify weatherization for homeowners, help contractors market a new set of government incentives to weatherize, and create a rush to retrofit".

Two strategies have been proposed for the programme - more details here - but I'm just going to mention the one proposed by Bill Clinton, because it's quite simililar to the Pay As You Save scheme proposed by us at Construct Ireland.

Richard Defendorf writes:

The Clinton plan... would apply to both residential and commercial improvement projects, would reallocate clean-energy money from the stimulus bill that has not yet been spent and would offer building owners a fixed set of climate-appropriate improvements designed specifically for buildings in their region. This plan also includes a financing program that would attach the loan payments to the upgraded property’s tax bill, working in much the same way as the bond-funded Property Assessed Clean Energy program has been working for dozens of municipalities and many states (PACE was adopted this week by the state of New York).