Finance Your New Roof!
The property assessed clean energy (PACE) model is a financing program from the Office of Energy Efficiency and Renewable Energy.
PACE allows homeowners to finance certain energy efficient home improvement projects with $0 down and no credit check. The cost of the improvement is added to the homeowner’s property tax bill and paid for over a set period of times, usually 10 to 20 years.
What You Need To Know About PACE
- $0 down and no credit check for qualified borrowers
- Spreads payments over many years, making major home improvement projects more affordable
- Debt is tied to the property and can transfer to new owner if sold
- Must have proven track record of paying mortgage on time, and proof of income
- Added as a property assessment to your tax bill and secured by the property itself
How To Apply
PACE financing is not a “loan” as it is attached to your property tax bill as an assessment. As such, you don’t get PACE financing through a traditional bank, but through an entity that specializes in PACE and through an approved contractor. Proper Roofing is an approved PACE contractor, and we partner with several local providers of PACE financing.
If you’re interested in financing your new roof through PACE, we’ll help you with the application process. If approved, you will receive a breakdown of costs over a set period of time, and the exact amount that your monthly mortgage payment will be each month.
Our Financing Options
Florida PACE is a public entity that provides homeowners with financing options for energy-efficient and hurricane-resistant home improvements.As an interlocal agreement established under Florida law, Florida PACE oversees program administrators who work with homeowners like you to finance their projects through long-term, fixed-rate assessments added to their property tax bills.By partnering with Florida PACE, you can improve your homes’ safety, value and energy efficiency while investing in a funding plan you feel confident in.
- Florida PACE is the go-to home improvement funding agency you can trust.
- Fixed-rate financing that won’t leave you guessing about your payments
- Make your home safer and more comfortable but also more sustainable and resilient in the face of extreme Florida weather events.
- Ability to cover up to 100% of the costs of eligible projects, Florida PACE makes it easy to get the funding you need
About RENEW FINANCIAL
Renew Financial created PACE (Property Assessed Clean Energy) financing as a simple, powerful way for Florida homeowners to finance the entire cost of energy and safety-related home improvements, such as heating and cooling upgrades, energy-efficient roofs and windows, home solar, and wind hardening. Funds are gradually repaid as a line item on property taxes.
