Frequently Asked Questions

Property Assessed Clean Energy (PACE) is a simple financing mechanism that enables low-cost, long-term funding for energy efficient and wind resistant property improvement projects. PACE can provide funding for energy efficient heating and cooling systems, cool roofing, energy efficient windows and doors, solar panels and other upgrades.

PACE financing is repaid as an assessment on the property owner’s regular tax bill. Depending on local legislation, PACE can be used for commercial, nonprofit and residential properties. PACE financing can be paid off at any time with no pre payment penalty and can be stretched out up to 25 years for most improvements.

Underwriting requirements can vary with program changes. However, the general criteria are as follows:

• Be the owner of record on the property

• Be current on mortgage payments ( previous late payments allowed on a case by case basis)

• Be current on property taxes with no late payments in the last 3 years

• Not currently in bankruptcy

• No foreclosures or defaults for the last 3 years

• No involuntary liens or judegments

Requirements may vary, please call us today at 855-GET-PACE for more information, or get started now by completing our eligibility form.

Financing is available for both residential, commercial, agriculture and non-profit properties. Government-owned properties can not be assessed and are, therefore, ineligible.

PACE for Homeowners & PACE for Commercial Building owners offer energy efficiency and safety improvements for Florida property owners to save energy and spend less!   

Please give us a call at 855-GET-PACE to discuss your property’s eligibility.

See what may be available by completing this form.

Improvements must be permanently affixed to the property and either reduce the energy used by the property or provide protection from wind or hurricane damage.

In general, the type of improvements funded by PACE financing would include:

• High-efficiency HVAC systems

• Cool & wind resistant roofing

• Insulated impact windows & doors

• Spray foam insulation

• Insulated siding, radiant barrier and weather stripping

• High efficiency indoor & outdoor LED lighting

• Solar PV panels and energy storage systems

• Electric vehicle charging stations

• Backup generators

• High efficiency water heaters

• High efficiency pool equipment

• Exterior coatings

and much more…

Request a complete list of eligible home improvements by contacting us here.

While we specialize in helping property owners find the best financing for their energy efficiency projects, property owners are welcome to pay with cash or provide their own forms of financing. PACE financing is just one mechanism that will allow you to pay for your properties improvement upgrades.

Minimum and maximum PACE financing amounts vary according to project type and property value.

Please give us a call at 855-GET-PACE to discuss your property’s potential improvement amount.

See what may be available by completing this form.

No, a credit report will be processed to determine any mortgage payment history and public record information but it will not determine your eligibility for PACE financing.

Interest rates vary depending on length of repayment term chosen but are NOT dependent on credit score. PACE financing is extremely competitive with bank home improvement loan rates due to being a fixed interest rate secured by your property unlike unsecured high interest non-fixed rate financing. PACE financing can also be expensed on federal income taxes verses most unsecured financing.

Give us a call at 855-GET-PACE or contact us for more detailed information about the interest rates offered by various PACE administrators.

Check your eligibility now.

Your first payment (and all future payments) will be incorporated into your property tax bill, and will appear as a line item on your annual statement delivered by your County Tax Assessors office. The date it appears on your property tax statement for the first time depends on the date your PACE improvement contract funds and your local municipality’s tax billing cycle but generally is 6 to 18 months in the future from project completion.

Yes, assessments can be paid in full ahead of schedule.

If the amount you’re approved for isn’t enough to finance the entire project, you can use other means in addition to your PACE financing.

Yes. We would be happy to present you with any rebates and credits offered, but in addition we recommend contacting a tax professional for all tax related matters. Give us a call at 855-GET-PACE or contact us here.

PACE financing requires that the total outstanding mortgage balance (including all mortgages) plus the total PACE assessment be less than or equal to 100% of the Just Market Value of the property, per the property appraiser website. The maximum PACE assessment is typically 20% of the Just Market Value per FL Statute 163.08.

The assessment may be able to stay with the property upon title transfer, or it may be paid off in full as a negotiable term of sale.