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As the summer heat drives up energy prices, Rice University undergraduate Raj Salhotra blogs that building retrofits increase energy efficiency while lowering greenhouse gas emissions, promoting economic growth and creating jobs. However, he also asks an important question: How do we fund building retrofits?

Salhotra is spending his summer interning at the Center for American Progress (CAP) as part of the Baker Institute"s Jesse Jones Leadership Center Summer in D.C. Policy Research Internship Program. The Property Assessed Clean Energy (PACE) program at CAP is focused on funding retrofits through no-cost-to-taxpayer financing schemes, which encourage building owners to retrofit their property.