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What is PACE (Property Assessed Clean Energy)?:
Florida passed PACE-enabling legislation in 2010 and there are five active programs operating in the state — all of which offer commercial financing, and two that offer residential financing. After resolving a FL Supreme Court case regarding PACE bond validation, residential and commercial PACE is flourishing in the state. In addition to covering energy efficiency and renewable energy improvements, many Florida PACE programs finance hurricane protection improvements
PACE & Seawalls:
In April, City Council approved third-party administrator agreements with four PACE providers. Originally, one of these administrators assured the City that seawall repair would be eligible for PACE funding, the City has since been advised that seawall repair is not an eligible expense with the PACE Program.
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More information will be posted here in the future. Please check back for updates.