Archive For The “Pace Financing” Category
Many cities in Miami-Dade County offer the PACE financing program for clean energy construction projects.
What is the PACE Financing Program
Property Assessed Clean Energy (PACE) is a way of financing energy efficiency or renewable energy construction projects for buildings. In areas with PACE legislation in place, municipal governments offer a specific bond to investors and then loan the money to consumers and businesses to put towards a green energy construction project. These loans are repaid over the assigned term (typically 15 or 20 years) via an annual assessment on their property tax bill. PACE bonds can be used to retrofit both commercial and residential properties. One of the most notable characteristics of the PACE program is that the loan is attached to the property rather than an individual.
Energy Fund Green Construction Projects
There are thousands of energy saving construction and home improvement projects that the Energy Fund can finance in Miami-Dade County. Qualifications may vary by location. Here are some examples:
Heating & AC
Water Saving & Landscaping
-Low flow plumbing
-Grey water systems
Windows & Doors
South Florida / Miami-Dade County Energy Fund and PACE Financing Program
Qualifying cities in South Florida for PACE Financing Program:
Bay Harbor Islands, Biscayne Park, Coral Gables, Cutler Bay, El Portal, Key Biscayne, Miami, Miami Gardens, Miami Lakes, Miami Shores, Miami Springs, North Bay Village, North Miami, Palmetto Bay, Pinecrest, South Miami, and Surfside Florida.