Until the creation of PACE financing, some property owners had experienced difficulty in overcoming the funding obstacles necessary to execute projects that would make their homes or businesses more energy efficient and safer in a storm. Now Florida property owners who reside in subscribed territories can utilize PACE to finance projects that are then repaid through a special assessment placed on the annual tax bill.
What Can PACE Do For My Community?
PACE is the perfect tool for driving economic development, attracting new businesses to your community and retain property owners who are thinking of relocating to a safer and more efficient building. For property and business owners, this innovative method of financing eliminates the need for up-front capital and provides owners and property managers with immediate savings. These projects will lower monthly operating costs, increases property value and create a safer work environment. The Florida PACE Funding Agency specializes in maximizing program benefits to drive economic development and provide easy, affordable loans to residential, commercial and industrial property owners for qualifying energy efficiency, renewable energy and wind hardening improvements in your community.