PACE Funding:

What you need to know & how it could benefit you.

General Overview:

PACE, or Property Assessed Clean Energy, is a financing option available to homeowners in the state of Florida to fund energy efficiency and renewable energy improvements to their homes, including roofing projects.

PACE financing is unique because it is attached to the property, rather than the homeowner. This means that the financing stays with the property even if the owner sells the home. This can make PACE an attractive option for homeowners who may not have the upfront funds for a home improvement project or who may not want to take on additional debt.

To be eligible for PACE financing, a homeowner must first determine if their property is located in a PACE-approved area. In Florida, PACE programs are available in over 50 counties and many cities and towns.

Once a homeowner has determined that their property is located in a PACE-approved area, they can begin the process of applying for PACE financing. This typically involves working with a PACE financing provider, who will assess the property and determine the appropriate level of funding for the project.

One of the benefits of PACE financing is that it is often available at competitive interest rates, and there are often no upfront costs or fees associated with the financing. Homeowners can also choose to pay off their PACE financing early without penalty.

PACE financing can be used to fund a variety of home improvement projects, including roofing projects. These projects must meet certain energy efficiency and renewable energy standards in order to be eligible for PACE financing.

Overall, PACE financing can be a useful option for homeowners in Florida who are looking to fund energy efficiency and renewable energy improvements to their homes, including roofing projects. It is important for homeowners to do their research and work with a reputable PACE financing provider in order to ensure a smooth and successful project.