South Florida homeowners face the reality every year that we could be hit with a major hurricane. Coupled with year round high heat and humidity, it’s easy to see why installation of energy efficient products and storm protection is at the top of many homeowners’ to-do lists. But these upgrades can be costly, and homeowners often look for financing options to make them more affordable.
When you choose Metro Green Solutions, you can finance storm-hardening and energy efficient upgrades with no money down or credit check through the Property Assessed Clean Energy (PACE) program. The costs are added to your property tax bill as a non-ad valorem special assessment, and are repaid over a long period of time – typically 15-20 years.
PACE financing is available for permanent home improvements and additions that reduce electricity consumption and improve energy efficiency of the home or its systems. Or, improvements that that provide storm and hurricane protection.
Services that Metro Green Solutions provides that are covered by PACE financing include:
Energy efficient roofing
Energy efficient home improvement projects, such as upgraded insulation and insulated siding, programmable thermostats, low-flow plumbing systems, energy efficient HVAC systems, and others.
To qualify for financing, all PACE-funded improvements must be properly permitted and installed by licensed contractors, such as Green Home Solutions, and they must meet applicable federal, state, and local energy, wind and building code standards.
To find out if your home improvement project qualifies for PACE financing, contact us at 888-342-1058.
What Happens If You Move?
Additions and improvements that are covered by PACE, such as a new roof or impact windows, typically increase the value of your home. However, it’s important to understand that since PACE assessments are added to property taxes, they stay with the property under Florida law — not the individual homeowner.
Therefore, if you sell your home, the new homeowner is responsible for the balance of the PACE assessment. Your real estate professional will help you price your home accordingly to reflect the value of improvements balanced with the additional assessment the buyer will have to pay for the duration of the repayment period.