Property Assessed Clean Energy (PACE) Financing
Property Assessed Clean Energy (PACE) is a financing mechanism that enables low-cost, long-term funding for energy efficiency, renewable energy and water conservation projects (and in the State of Florida, also wind hardening). PACE financing is repaid as an assessment on the property’s regular tax bill, and is processed the same way as other local public benefit assessments (sidewalks, sewers) have been for decades. Depending on local legislation, PACE can be used for commercial, nonprofit and residential properties. For more information, visit pacenation.us
The city’s commitment to sustainability includes making important tools available to residents to help them meet their own sustainability goals. In 2012, the City of West Palm Beach became one of the first municipalities in Florida to offer PACE financing for commercial properties and in the spring of 2016 PACE started to become available for residential properties as well. The City adopted a PACE ordinance that includes citizen protections (read ordinance 4669-16 here). Since then, the City has been working to add additional providers for more options for its residents and businesses.
Current PACE Providers
click on logos to visit their websites to learn more and apply
Florida PACE Funding Agency
Residential: (855) 509-9922
Commercial: (855) 431-4400
Contractors who regularly work on energy-consuming building systems such as HVAC, plumbing, roofing, lighting, and solar are encouraged to register with the programs to make financing available to their customers. Register through the provider websites.
Other related programs:
DOE Better Buildings Challenge
The City of West Palm Beach has joined the Department of Energy’s Better Buildings Challenge – first in Florida – and would like owners of all types of property to be our partners. The Better Buildings Challenge is a voluntary national leadership initiative to reduce building portfolios’ energy use by 20% or more by 2020 and to showcase energy-saving solutions and results. The Better Buildings Challenge is a great opportunity for property owners and our city to gain national recognition for the innovation, strategic investment, and efforts to improve quality of life underway in our community. The city’s PACE program is an option for financing improvements that can help buildings reach energy conservation goals, but owners also may choose to participate in the programs separately.
Even businesses that do not own property can participate in our community’s sustainability efforts. Through the Green Business Challenge, businesses can improve their operating practices and get recognition for their efforts. Learn more: wpb.org/gbc
Questions? West Palm Beach residents and businesses are welcome to contact the Office of Sustainability by telephone at (561) 804-4994 or by email at firstname.lastname@example.org.