Finance Energy Improvements for your Property

Step 1.Understand the program's benefits

The program uses approved third-party administrators that provide funding through a special assessment done on your property. As a result, the loan stays with the property and allows the assessment to transfer when a home or building is sold.

Payments for the assessment are made through annual property taxes. This assessment can be amortized over a period of 5-20 years to allow for cost-saving results from the improvements to be used to pay back the amount owed.

PACE financing can be used to add or upgrade any of the following:

• Lighting
• Heating or cooling systems
• Insulation, motors or water pumps
• Solar panels
• Storm/hurricane hardening
• Wind hazard mitigation
• Water efficiency such as low-flow and other water-efficiency devices

Step 2.Choose a PACE administrator to contact

One of these local administrators will help you find a contractor to figure out which energy upgrades make sense for your property. They will also arrange 100% financing that you can repay for up to 20 years with an assessment added to your property tax bill that will offset your assessment payments each year.

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