In other words : When the tax bill is due each year , so is a lump sum payment on the new roof , new windows , solar panels or new HVAC system .
In Flagler County , the Florida PACE Funding Agency ( FPFA ) introduced the PACE program for residential property owners in 2012 , expanding the opportunity to commercial property owners through the Florida Resiliency and Energy District ( FRED ) in October 2021 .
“ PACE programs provide an alternate method of financing , approved by Florida Statutes , for owners to finance certain energy efficiency and wind resistance improvements to their property . Improvements may include HVAC systems , insulation , window replacements , solar energy panels , as well as hurricane hardening . There are 126 residential property owners in Flagler County enrolled in the Florida PACE program ,” said Dolores Key , economic development manager for
Delores Key Flagler County .
“ FRED PACE provides financing improvements to commercial / industrial projects . Unlike PACE in other states , Florida Statutes allows this financing mechanism to apply not only to major renovations in existing structures but also to new construction , retroactive refinance and Greenfields ,” she said .
How can it help my existing business or commercial property ?
Among the approved lenders in the C-PACE program servicing Flagler County is PACE Equity .
The Central Florida equity firm is not only working to provide innovative financing solutions for projects by helping build a more streamlined capital stack , but they also offer a better rate on capital for projects that meet CIRRUS Low Carbon specifications .
Verified independently by the New Buildings Institute , the ESG ( green and sustainable ) -based financing model is deemed “ a unique program that achieves the status
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