Property Assessed Clean Energy, also known as the PACE Program, can be a bit confusing at times.
We’re here to help you with that.
Here are 4 basic things we think you should know about PACE funding –
1. PACE Allows you to Finance Your Home Improvements as property tax Assessment
PACE provides you 100% of all costs with no down-payment. On top of that, you can pay the debt through property taxes through up to 30 years.
2. PACE Aims to Make Your Home Safer and More Energy Efficient
PACE financing supports efforts made to make your home safer from natural disasters (hurricane-impact windows, roofs and more) and The PACE initiative doesn’t stop there.
It can also be used to make your home more energy efficient (solar roofs, insulation and so on) and help you save money on routine by reducing your energy expenses.
3. PACE Includes a Variety of Property Upgrades
PACE covers a range of property upgrades, from energy efficiency to storm protection. These upgrades are available mainly according to your location and whether PACE is already relevant to you. Most place eligible to PACE are locations which could or needs to install the following –
Plumbing.
Solar panels.
Hurricane-impact windows.
HVAC.
4. PACE Tries to Make Sure Your Annual Energy Savings After your Upgrades Will be Higher than your Annual Payments
This is what PACE aims for - Positive Cashflow post home upgrades you made. This is the 1 thing that’s really unique about this initiative – you can start enjoying all of the perks of improving your home immediately. We’re not just talking about your everyd
ay life where you can enjoy the improvements in your home and its facilities, we’re also talking about trying to decrease your energy expenses.
We’re here to help, please feel free to give us a call for an honest quote from professionals who care.