Property Assessed Clean Energy (PACE) Program
City of Apopka homeowners, businesses and industries that are interested in solar panels, hurricane windows and other energy saving upgrades now have another financing option through the Property Assessed Clean Energy (PACE) program.
PACE allows property owners to receive upfront financing for a variety of energy-related home improvements, then repay the debt through voluntary assessments on their property tax bills. Approved third-party administrators will provide funding, and the assessment can be amortized over a period of five to up to 20 years, which allows for the cost savings resulting from the improvements to be used to pay back the annual amount owed.
PACE-funded improvements must be properly permitted and installed by licensed contractors, and they must meet applicable federal, state, and local energy, wind and building code standards. Building permits are still required where applicable.
Although the City has to authorize PACE programs to operate in the incorporated portion of Apopka, the City does not administer or operate the programs in any way. All contractual PACE agreements are between property owners and the PACE district or provider, a non-City entity.
To foster competition and protect consumers, the City of Apopka has included compliance requirements in its agreements with each PACE provider such as provisions for clear communication with customers, disclosure of all fees and risks associated with participating in the program.
To request a copy of a data report from one of the approved PACE providers, please contact any of the providers listed below.
Currently, the City has an authorized agreement through a resolution with four providers for funding services in the City of Apopka, and will be negotiating with a couple more in the near future. Details and the providers are provided below.
Authorized PACE providers for incorporated City of Apopka:
- Florida PACE Funding Agency (Alliance NGR)
- Green Corridor Property Assessment Clean Energy District
- Florida Green Finance Authority (Renew)
- Florida Resiliency and Energy District (FRED)