What is PACE financing?

Property Assessed Clean Energy (PACE) is financing that allows property owners to pay for upgrades that increase energy efficiency, harness renewable energy, conserve water, and protect against storms.

How does PACE Work?

  • tite2
    Get Approved
  • tite3
    Find contractor for project
  • tite4
    Complete upgrade project with contractor
  • tite5
    Repay through property taxes
  • Is PACE a loan?

    PACE is not a loan. PACE financing provides upfront money for energy efficient improvements that is repaid over time (with a low interest rate). PACE financing uses the property as collateral; a first priority lien will be placed on the property, ahead of other liens including mortgages. The financing is repaid over the financing term through your property taxes making it a property assessment instead of a loan. 

    Is PACE a government incentive or discount program?

    No. PACE programs are made possible by state legislation and approved by local governments. However, PACE financing is not a government incentive or subsidy program. PACE does not provide any special discounts, government funding, or payment forgiveness to those who opt to use it.

    What determines my eligibility for PACE?

    PACE eligibility is based on a variety of factors, primarily the amount of equity you have in your home and your mortgage payment history.

    Why is PACE a good financing option?

    PACE is an innovative form of financing that offers a range of benefits not available through traditional financing options. Learn more about the benefits of PACE below.

    What projects qualify for PACE?

    Over a hundred home and commercial improvement projects qualify for PACE financing.

    Solar
    Solar PV System
    Solar Pool Heating
    Solar Water Heating
    Windows & Doors
    Energy-Efficient Windows
    Energy-Efficient Doors
    Skylights
    Roofing
    Cool Roofing
    Green Roofing
    Roof Replacements
    Storm Protection
    Florida
    Impact Windows & Doors
    Storm Shutters
    Wind Resistant Roofing
    Solar
    Solar PV System
    Solar Pool Heating
    Solar Water Heating
    Windows & Doors
    Energy-Efficient Windows
    Energy-Efficient Doors
    Skylights
    Roofing
    Cool Roofing
    Green Roofing
    Roof Replacements
    Storm Protection
    Florida
    Impact Windows & Doors
    Storm Shutters
    Wind Resistant Roofing

    Ygrene customers love PACE

    "I think the best thing is that the length of time you can make the payments, up to 20 years. The contractors are really good...the process is really simple, and they're gonna save money on energy and taxes, it's substantial."
    Joy Miller,Fort Lauderdale, FL

    Have questions about PACE financing?