Property Assessed Clean Energy Financing
Pace allows individual residential, commercial, or industrial property owners to contract with licensed professionals for improvements to their properties for:
Energy efficiency upgrades: Air sealing, installation of efficient heating, cooling and ventilation systems, replacement windows, electric vehicle charging equipment, efficient lighting and thermostats.
Renewable energy projects: Solar photovoltaics and Solar water heating.
Wind mitigation projects : Improving roof attachment, secondary water barriers, hurricane resistant shingles, reinforcing roof to wall connections, storm shutters, impact resistant glazing, hurricane resistant doors, gable end bracing.
Local governments can now provide upfront funding for these projects through proceeds of a revenue bond issuance which is repaid through an assessment on participating property owners tax bills.
Only property owners opting into the program will have assessments on their tax bills. Other property owners will not be affected by this financing mechanism.
These improvements will Create Jobs, Inc. Increase Property Values and Conserve Energy by making our homes and businesses more energy efficient.
