P.A.C.E Program

What is PACE?

P.A.C.E. (Property Assessed Clean Energy) is an innovative financing program that allows property owners to make eligible improvements to their homes or businesses that is then repaid back through your property taxes. PACE provides homeowners more access to often cost prohibitive energy-efficient options that they otherwise could not afford, and because PACE is financed as an assessment on the property, repayments are made through the owner’s property taxes.

Consumer Friendly Finance Options

PACE Assessment:

  • Low-Interest Rates
  • Term 5 -20 Years (1.93%, 1.10%, 0.84%, 0.71%, 0.64% Payment Factors)
  • Billed Annually/Semiannually on Property Tax Bill
  • Traditional Credit Underwriting Does Not Apply
  • No Credit Score
  • No Income Requirement
  • Capitalized Interest May Be Tax Deductible

Property Owner Considerations:

  • Mortgage Lender May Require The PACE Assessment To Be Paid In Full If The Home Is Sold
  • Capitalized Interest Accrues From Funding Date
  • Fully Secured/Tax Lien
  • Origination Fees Apply

PACE – Consumer Benefits

PACE Assessment:

  • No Money Down
  • No Minimum FICO Score
  • No Proof Of Income Required
  • Loan Does Not Report On Credit Bureaus
  • Capitalized Interest May Be Tax Deductible
  • Higher Approval Amounts To Help Get Full Projects Completed
  • Fixed Interest Rates
  • First Payment Can Be Deferred for Up To 18 Months
  • Low Monthly Payments With Terms Up To 25 Years
  • No Prepayment Penalties

PACE- Simple Application Process