Property Assessed Clean Energy (PACE)
The Broward County Board of Commissioners approved a countywide Property Assessed Clean Energy (PACE) Program, providing an innovative form of financing for clean energy and resilience improvements for residential and commercial property owners across the county. The City of Deerfield Beach Commission voted to oper-in to the Broward County PACE Program, authorizing all County-approved providers to operate within Deerfield Beach jurisdictional boundaries.
The PACE program is a financing option for energy efficiency and conservation projects available to both homeowners and business owners in Broward County.
Property owners have the choice between 6 private finance providers (PACE Providers). Property owners voluntarily agree to the program terms for financing and repay through a non-ad valorem special assessment added to their annual property tax bill. Therefore, however, you pay your annual property taxes (for example, direct lump-sum payment or from an escrow account) is how your PACE project will be paid back.
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 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, financing terms, and a list of contractors, contact the individual PACE Providers by visiting the Broward County PACE website for the most up-to-date information.
- What is PACE?
PACE is a financing mechanism that allows property owners to voluntarily make qualifying improvements on their property, with repayment through a non-ad valorem special assessment added to their property tax bill.
- What can be funded through PACE?
Most products that can be permanently affixed to a property and reduce on-site electric use, assist in wind resistance, and/or produce onsite electricity are eligible for funding. Qualifying improvements include: rooftop solar panels, solar water heater, wind turbine, energy-efficient air conditioning unit, cool roof, window replacement, impact windows, insulation, and more.
- How do I get started with PACE?
The program is now live for Deerfield Beach property owners.
To get started, interested parties are encouraged to review the Program Guidelines for all approved providers. Like any financial decision, participants should review all available financing alternatives to ensure they are choosing the best option for their own personal financial situation. It is also highly recommended that property owners perform a comprehensive energy audit on their property before committing to any qualifying improvements.
For more information regarding PACE and tips on how to get started, please visit: Boward County's webpage on PACE.