Property Assessed Clean Energy (PACE) Program

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Property owners have the choice between 5 private finance (PACE) providers. Property owners voluntarily agree to the program terms for financing, and re-pay through a non-ad valorem special assessment added to their annual property tax bill. Therefore, however an individual pays their annual property taxes (for example, direct lump-sum payment or from an escrow account) is how an individual’s PACE project will be paid back.

Qualifying improvements include: rooftop solar panels, solar water heater, energy efficient air conditioning unit, cool roof, impact windows, insulation, and more. In general, most products that can be permanently affixed to a property and reduce on-site electric usage, assist in hurricane protection, and/or produce on-site renewable electricity.

For questions regarding specific qualifying improvements, financing terms, and list of contractors, please contact the individual PACE Providers.

For additional information regarding the PACE Program, please contact:

Broward County                                                                                                                                                                  Environmental Planning and Community Resilience Division                                                                                                          954-519-1270                                                                                                                                                    resilience@broward.org

Important Information About the PACE Program

PACE Be Smart

There may be other types of financing available to property owners. The City of Coral Springs does not guarantee that the PACE program is the best financing option. Property owners should obtain help in selecting the option that is most appropriate for their particular financial situation. 

Please note that the PACE program is not affiliated with or administered by the City of Coral Springs

PACE Providers

PACE is independently administered by five PACE Providers in Broward County. Below is a list of website links and contact information for each PACE Provider. It is up to the property owner to make the best financial decision for financing their project.

Each PACE Provider administers the program on behalf of a District (private funder). Florida State law allows Districts to levy additional taxes. This allows the PACE Providers to directly bill the Tax Collector to add a non-ad valorem special assessment to an individual’s annual property tax bill.

PACE Providers do allow for pre-payment; however, you should contact your PACE Provider to obtain additional information.

PACE PROVIDER

CONTACT INFORMATION

NOTES

Counterpointe Energy Solutions

AllianceNRG™Program

(Residential):

(855) 509-9922

information@alliancenrg.com

www.alliancenrg.com

CounterpointeSRE™Program (Commercial):

(855) 431-4400

inquiry@counterpointeSRE.com

www.counterpointeSRE.com

The "AllianceNRG" Program provides financing to residential property owners, and the "Counterpointe SRE" Program provides financing for commercial property owners.

A list of approved contractors for both Programs is available online to property owners once they apply.

Program Guidelines are available upon request.

PACE Funding Group, LLC

(844) USE-PACE (873-7223)

info@pacefunding.com

www.pacefunding.com

PACE Funding Group, LLC administers the "PACE funding" Program. PACE funding provides financing to only residential property owners. No commercial financing at this time.

A list of approved contractors is available to property owners once they apply.

Program Guidelines are available upon request.

Renew Financial

(844) 736-3934

info@renewfinancial.com

www.renewfinancial.com

Renew Financial administers the "RenewPACE" Program. RenewPACE provides financing to residential and commercial property owners.

List of Approved RenewPACE Contractors

RenewPACE Program Handbook

Renovate America

(877) 747-4889

info@renovateamerica.com

www.renovateamerica.com

Renovate America administers the "HERO" Program. HERO provides financing to only residential property owners. No commercial financing at this time.

List of Approved HERO Contractors

HERO Program Sample Documents

Ygrene

(855) 965-7283

info@ygreneworks.com

www.ygreneworks.com

Ygrene administers the "Clean Energy Program." Ygrene provides financing to residential and commercial property owners.

List of Approved Ygrene Contractors

Ygrene Program Guidelines

Call the pACE providers to apply!

 

Getting Started with PACE

  1. Review the list of Frequently Asked Questions and read the Be PACE Smart document before applying for financing.
  2. Each PACE provider has program guidelines, and there are differences between the providers and how they administer the program. It is up to the property owner to make the best decision for their project.
  3. It is highly recommended that the property owner performs a comprehensive energy audit on their property before committing to qualifying improvements. To find an energy auditor, contact Residential Energy Services NetworkBPI, or the Florida Building Energy Rating System program. FPL also offers free OnSite Home Energy Surveys for customers. 
  4. Visit the Department of Energy's Energy Saver webpage for information on efficiency measures, products and services, and design strategies for saving energy.
  5. Each PACE Provider has a list of their "Approved Contractors" that go through the Provider's application process. Review the list of Approved Contractors linked above for each PACE provider. As with any home improvement project, you may want to get multiple quotes for the project. Helpful Tips: Contractors

Understanding the Assessment

Under Florida law, property taxes stay with the property when it is sold and the same is true of an assessment. However, the seller’s lender or the buyer's lender (Mortgage Company) may require the seller to pay off the remaining outstanding balance of the assessment before the property owner refinances or sells the property. In addition, by law, property owners must provide notice of the assessment to the buyer prior to sale of the property.

Failure to pay the PACE assessment could trigger foreclosure and property loss even if the property owner is current on other mortgage lien(s). Review the list of Frequently Asked Questions for more information on what happens if the PACE assessment is not paid.

Protecting Consumers

PACE Providers are required to monitor contractor pricing to ensure that it conforms to market norms. PACE Providers must make clear disclosures to the property owner regarding the costs they are incurring. And PACE Providers must provide one of the following for residential projects; proof of sufficient insurance and/or energy-cost savings from the improvements, proof of mortgage holders’ or escrow service's consent, or demonstration that the PACE assessments do not exceed certain limits on gross income or total property taxes and assessments.