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Property Assessed Clean Energy (PACE)

                Property Assessed Clean Energy (PACE)

 

What is PACE (Property Assessed Clean Energy)

As of fall 2016, the City of Orlando now provides a new set of financial tools to home and business owners to help them lower their utility bills and make our buildings more energy and water efficient through the Property Assessed Clean Energy (PACE) program. PACE removes the barriers of high upfront costs and provides low-interest financing to help residents and business owners looking to modernize, mitigate wind damage and improve the energy and water efficiency of their property.

The program, approved by the State of Florida for local communities to implement, uses approved third-party administrators that provide funding through a special assessment levied on the 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 five to 20 years, which allows for the cost savings resulting from the improvements to be used to pay back the amount owed.

Currently, more than 60 cities and counties throughout Florida have enabled PACE financing, including Leon and Escambia Counties, City of Kissimmee and Miami-Dade County>, or enable

Homeowners and Business Owners

In the Orlando PACE Program, businesses and homeowners can choose from these four state approved third party administrators:

YgreneWorks 

Ygrene Energy Fund is the nation’s leading multi-state provider of residential and commercial property assessed clean energy financing. The award-winning, privately funded YgreneWorksTM program provides immediately accessible financing with no upfront costs for energy efficiency, renewables, and, in certain areas, water conservation, hurricane protection, electric vehicle charging stations and seismic upgrades. Ygrene is committed to making it easy for families to invest in their future and a healthier environment. Over the next five years, YgreneWorks is projected to create tens of thousands of local jobs and invest hundreds of millions into local economies.

 

Home / Benefits / Property Owners

Property Owners 

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.

Benefits include:

  • Not based on credit score
  • Program pays contractors
  • Stretch payments out over terms up to 30 years
  • Fixed interest rates

Contact:
Residential Properties: (855) 509-9922
 

www.AllianceNRG.com
Commercial and Owner Associations

(855) 431-4400  

 www.CounterpointeSRE.com

 

 

Posted in: Financing

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    • Spring Valley
  • Lake Mary-Heathrow
    • Heathrow
    • Heathrow Woods
    • Magnolia Plantation
    • Grand Oaks At Heathrow
    • Steeple Chase
    • Fountain Parke At Lake Mary
  • Longwood
    • Alaqua
    • Alaqua Lakes
    • Winfield North
    • Veramonte
    • Sweetwater Club
  • Sanford
    • Lake Forest
    • Lake Markham Preserve
    • Bella Foresta
    • Buckingham Estates
    • Estate At Wekiva Park
  • Windermere
    • Isleworth
    • Keene’s Pointe
  • Winter Park
    • Windsong
    • Park North
    • Villa Siena Condos
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!cid_9F6321FB-4F4E-48F8-BF80-E6E4878C290F@earthlink

Alain Hart

(407) 340-4165
alainhart0@gmail.com
Charles Rutenberg Realty
1900 Summit Tower, Ste 220
Orlando, FL 32810
Contact now

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