- Financing Amount & Fixed Interest Rate Not Based on Credit Score
- No Out of Pocket Costs
- Payment Terms up to 20 Years
- Pay Off at Any Time Without Penalty
Home owners readying a property for sale or just having purchased a property often find themselves in a position where property improvements need to be made. Sometimes these improvements are necessary in order for the property to pass a four-point inspection for insurance purposes. Other times, property owners have purchased a property knowing that they want to make immediate improvements to the property to satisfy desires for curb appeal, cost savings, safety or overall property reliability.
Often, paying for these improvements can seem like an insurmountable obstacle. Property Assessed Clean Energy (PACE) financing is funding available to qualified property owners to make energy efficiency, renewable generation and wind mitigation improvements and repairs. The funding is repaid through an assessment included on the annual property tax bill. In addition, property owners can make additional wind mitigating improvements that will further reduce their property risk, including: wind-rated doors, impact-resistant windows and storm shutters. PACE financing with the Agency is now available in 22 communities throughout the state of Florida.
Property Assessed Clean Energy (PACE) is a way for qualified property owners in subscribed communities to finance energy efficiency, renewable energy and wind-hardening improvements through a long-term property assessment.