Homeowners and businesses in unincorporated Miami-Dade County interested in solar panels, impact-resistant windows and other energy-saving upgrades now have another financing option through the Property-Assessed Clean Energy (PACE) Programs.
PACE allows property owners to receive upfront financing for a variety of energy-related home improvements, 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.
PACE-funded improvements must be properly permitted and installed by licensed contractors, and they must meet applicable federal, state, and local energy, wind and building code standards.
Read more, including agencies authorized to provide services in unincorporated Miami-Dade County and some currently under negotiation, at green.miamidade.gov.