As far as I can see, AB 811 is just another way to refer to the PACE program.
PACE stands for Property Assessed Clean Energy and “allow local government entities to offer sustainable energy project loans to eligible property owners (energycenter).”
AB811.org says, “If you are a fan of California’s AB 811 and loans assessed on property asset value for use on energy efficiency and renewable energy upgrades on that property then you are familiar with what the Federal Government rolled out with the Property Assessed Clean Energy Program (PACE)…same thing.”
AB811 and Property Assessed Clean Energy Program (PACE) is two different names for the same program. Passed in California in 2008, AB811 / PACE is an attempt to obtain goals established by the Assembly Bill 32, California Global Warming Solutions Act of 2006. Property owners have the option of a voluntary assessment on their property taxes, allowing them to finance renewable and energy efficient improvements, without the upfront cost. Though a good idea, in May of 2010 it was reported that AB811 / PACE hit a few “speed bumps.”
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