PACE (Property Assessed Clean Energy) Sign up Today!
It is a National program to help home owners upgrade their homes and save energy for every body in the process. PACE programs allow local governments, state governments, or other inter-jurisdictional authorities, when authorized by state law, to fund the up-front cost of energy improvements on commercial and residential properties, which are paid back over time by the property owners.
BENEFITS OF PACE
PACE can pay for 100% of a project’s cost and is repaid up to 25 years with an assessment added to the property’s tax bill. PACE can pay for a new Heating and Cooling system, lighting improvement, solar panels, water pumps, and insulation. You can pay it off over a period of 5-25 years depending on the amount borrowed and rate of repayment you choose. You can start with NO MONEY DOWN! AND 100% FINANCING.
A PACE assessment is a debt of property, meaning the debt is tied to the property as opposed to the property owner(s), so the repayment obligation may transfer with property ownership depending upon state legislation. This eliminates a key disincentive to investing in energy improvements, since many property owners are hesitant to make any property improvements if they think they may not stay in their property long enough for the resulting savings to cover the upfront costs.
We work with a few PACE Programs: HERO, Ygrene and Empower. Give us a call and we can answer all of your financing questions and help you pick the most qualified PACE provider.
Ygrene Financing Video: It explains how it works and the qualifications.
Hero Financing Video: Explains the financing process and qualifications.