The Property Assessed Clean Energy (PACE) program is a type of solar loan in which you borrow money against your property taxes and not against your personal finances.
This approach is ideal for Florida homeowners who don’t have perfect credit histories.
It costs $0 upfront to get started. But instead of making monthly repayments (as you do with a typical solar loan), PACE financing involves using your annual solar savings to pay off your yearly property tax bill.
PACE solar loans are structured such that you don’t pay anything out-of-pocket. And when set up through Capital Construction & Development, this financing approach will also leave you with money left over every year.