On June 14, 2016, the Broward County Board of County Commissioners approved a countywide property assessed clean energy (PACE) program. Check the participating cities map
to see if your city participates.
What is PACE?
PACE allows property owners to receive up-front financing for qualifying improvements. Property owners voluntarily agree to the program terms for financing qualifying improvement projects, and repay through a non-ad valorem special assessment added to their property tax bill.
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 onsite renewable electricity. For questions regarding specific qualifying improvements, contact the individual PACE Providers.
There may be other types of financing available to the property owners and Broward County 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.
Broward County has entered into non-exclusive agreements with three PACE Providers, and is currently in negotiations with an additional PACE Provider, with the goal of providing property owners with more consumer choice.
Getting Started with PACE
Read through the Broward PACE Frequently Asked Questions
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
Visit the Department of Energy's Energy Saver webpage
for information on efficiency measures, products and services, and design strategies for saving energy.
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.
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.
Participating Cities Map
Coconut Creek, Cooper City, Coral Springs, Davie, Deerfield Beach, Hallandale Beach, Hillsboro Beach, Hollywood, Lauderdale-By-The-Sea, Lauderdale Lakes, Lauderhill, Lazy Lake, Lighthouse Point, North Lauderdale, Oakland Park, Parkland, Pembroke Park, Plantation, Pompano Beach, Sunrise, Tamarac, Weston, Wilton Manors, West Park
Cities that have opted out of the Broward PACE Program: Dania Beach, Fort Lauderdale, Margate, Miramar, Pembroke Pines
Additional PACE providers interested in offering Qualifying Improvements within Broward County must meet the PACE Provider Standards and negotiate agreements with the County. Contractors must register with each or either of the Broward PACE Providers:
Contractor Registration for CounterPointe Energy Solutions
Contractor Registration for Renew Financial
Contractor Registration for Ygrene
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 servicer’s consent, or demonstration that the PACE assessments do not exceed certain limits on gross income or total property taxes and assessments.
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