PACE Program
PACE Program - Property Assessed Clean Energy (PACE) Program
***Upgrade your Home Energy Efficiency with PACE Financing***
Did you know that as a resident in the City of Belle Isle you may qualify for financing to make improvements to your home that can lower utility bills, reduce annual repair and maintenance costs, decrease insurance premiums and increase the property’s market value? The City of Belle Isle is considering adopting a program for residential property owners to implement energy efficiency upgrades through Property Assessed Clean Energy (PACE) financing.
PACE financing allows residential or commercial property owners to finance renewable energy and efficiency upgrades over the long term through a voluntary property tax assessment. Eligible improvements may include solar panels, hurricane windows and shutters, roof strengthening measures, air conditioning, and heating systems, water heaters, weatherproofing, insulation, pool pumps, and much more. These improvements, in turn, can lower utility bills, increase the home’s value, lower hurricane insurance costs, and improve the quality of the residence.
PACE allows property owners to receive upfront financing for these energy-related home improvements, and then repay the debt through voluntary assessments on their property tax bills. Approved third-party administrators will provide funding, and the assessment can be amortized over a period of five to up to 20 years, which allows for the cost savings resulting from the improvements to be used to pay back the annual amount owed.
Although the City has to authorize PACE programs to operate in Belle Isle, the City does not administer or operate the programs in any way. All contractual PACE agreements are between property owners and the PACE district or provider, a non-City entity.
To foster competition and protect consumers, the City of Belle Isle will include compliance requirements in its agreements with each PACE provider such as provisions for clear communication with customers, disclosure of all fees, and risks associated with participating in the program.
The PACE Program should be available within the next 30 days. For more information about the PACE Program, please visit the link below or call City Hall at 407-851-7730.
Florida PACE Funding Agency (Alliance NGR)
Residential Property Owner:
www.AllianceNRG.com
855-509-9922
Information@AllianceNRG.com
Commercial Property Owner:
www.CounterpointeSRE.com
855-431-4400
Inquiry@CounterpointeSRE.com
Green Corridor Property Assessment Clean Energy District
Ygrene Energy Fund
305-569-0015
855-965-7283
info@ygreneworks.com
Florida Green Finance Authority (Renew)
Renew Financial Group, LLC
844-589-7953
info@renewfinancial.com
Florida Resiliency and Energy District (FRED)
Renovate America
877 -747-4889
info@renovateamerica.com
