About the PACE Program
The PACE program is a financing option or loan, not a rebate or grant, offered by external parties to both homeowners and business owners in Broward County.
Eligible PACE products reduce on-site electric usage, assist in hurricane protection, and/or produce onsite renewable electricity.
Projects include:
Financing Information
Property owners voluntarily agree to program terms for financing, and repay through a non-ad valorem special assessment or lien added to their annual property tax bill. There is no government assistance or relief available for your inability to pay the increased tax bill.
Your ability to secure a PACE loan is based on the equity in your home/property. What is the home worth now, and how much do you owe on a mortgage. The difference between the two is considered your home/property equity.
There may be other types of financing available to property owners and Broward County does not guarantee that the PACE program is the best financing option.
Low-income Homeowners
May qualify for federal grant programs such as the Weatherization Assistance Program or consider the Solar Energy Loan Fund that offers loans based on your ability to repay, not your credit score. Obtaining help in selecting the option that is most appropriate for your particular financial situation is always a good idea.
For questions regarding specific qualifying improvements, financing terms, and list of contractors, contact the individual PACE Providers.
Getting Started with PACE
Review the list of PACE Broward Frequently Asked Questions and read the Be PACE Smart Tips document before applying for financing.
Understand that each PACE Provider has program guidelines, and that there are differences between the providers administering the program in Broward County. It is up to the property owner to make the best financial decision for financing their project.
It is highly recommended that property owners perform a comprehensive energy audit on their property before committing to qualifying improvements. To find an energy auditor, contact RESNET, BPI, or the Florida Building Energy Rating System program. Also, FPL offers free Onsite Home Energy Surveys for customers.
Visit the Department of Energy's Energy Saver webpage for information on efficiency measures, products and services, and design strategies for saving energy.
Each PACE Provider has a list of their "Approved Contractors" that go through the Provider's application process. As with any home improvement project, you may want to get multiple quotes for the project. Helpful Tips: Contractors.
