Property Assessed Clean Energy (PACE)
PACE is available in Palm Beach County
The County’s commitment to climate resilience and sustainability includes making important tools available to constituents to help them meet their own sustainability goals. Property assessed clean energy, or PACE, financing allows property owners to fund energy efficiency, renewable energy, and wind mitigation projects with little or no up-front costs. With PACE, residential and commercial property owners living within a participating district can finance up to 100% of their project and pay it back over time as a voluntary non-ad valorem assessment on the annual property tax bill.
There may be other types of financing available to property owners and Palm Beach County does not guarantee that PACE is the best financing option. Just as with any financial decision, property owners should consider seeking professional assistance in selecting the option most appropriate for their particular financial situation.
This is an assessment on your property; it is not a loan, grant, nor a Palm Beach County Board of County Commissioners Program
Under Florida law, property taxes stay with the property when it is sold and the same holds true for assessments. However, the seller's lender or the buyer's lender (i.e. the mortgage company) may require the seller to pay off the remaining outstanding balance of the assessment before the property owner sells or refinances the property. Check with your mortgage lender if this may be the case for you. In addition, by law, property owners must provide notice of the assessment to the buyer prior to sale of the property.
Failure to pay the PACE assessment could trigger foreclosure and property loss even if the property owner is current on other mortgage lien(s).
What's involved in applying?
Each provider will have a slightly different process based on their own program guidelines. Click below for a flowchart of the basic steps for PACE financing.
I want to learn more, who do I talk to?
County-approved PACE Providers operate in unincorporated Palm Beach County in cities and towns that do not already have a program, and in cities and towns that have a program but have also taken appropriate legislative action to participate in the County PACE program. We recommend that you reach out to individual PACE providers for specific information on qualifying improvements, financing terms, and their list of contractors. The PACE providers approved under the Palm Beach County PACE program are:
CONDO OR COMMERCIAL
A list of approved contractors is available online to all property owners once they apply.