PACE Program Information

If you are a homeowner in Pasco or Hillsborough County, your home may qualify for the PACE program which can be used for eligible improvements including:

  • Roof
  • Impact Windows & Doors
  • Storm Shutters
  • Stationary Home Standby Generators
  • Air Conditioning Systems
  • Solar Panels
  • And More

You’ll be joining thousands of local homeowners using PACE to finance home improvements. Plus, the PACE program could not be easier.

  • 100% no money down financing
  • Eligibility based on home equity
  • No payments for up to 17 months
  • Work is performed by certified contractors who won’t get paid until the project is completed

How does the PACE program work?

The program provides 100% no money down PACE financing for hurricane protection, energy efficiency, and renewable energy improvements to your home or business. Payments are conveniently made with your property taxes. Eligibility is based on the equity in your property (among other factors), and not your proof of employment, income or financial statements. Payments can be spread out up to 20 years, and your first annual payment may be deferred for up to 17 months depending on the time your project is completed. You can lower your utility bills and insurance rates while increasing your comfort and safety.

While PACE programs are enabled by state legislation and must be approved by your local government, the program is not a government program.

How can I use the funds?

Hundreds of eligible improvements qualify. Install those impact windows you’ve always wanted. Replace your roof and air conditioning system. Improve your home with solar panels, a new water heater and insulation.

How will I make my payments?

PACE financing payments are paid with your property taxes, a process approved under Florida State Statue 163.08 and secured by a continuing lien on the property. If you sell your property, the PACE payment may transfer to the new owner.

When will I make my first payment?

Your first payment (and all full payments) will be added to and repaid with your property taxes, and will appear as a line item on your annual statement delivered by your County Tax Assessors office. The date it will appear on your property tax statement for the first time depends on the date your PACE improvement contract is funded. PACE improvements funded on or before June 30 of this year will appear in this year’s property tax statement. Projects funded after June 30 of this year will appear in next year’s property tax statement.

What is my payment schedule?

Your annual PACE special assessment will be added to and repaid with your property taxes as a line item on your annual statement. You can pay in one of two ways:

  1. Pay your property tax bill directly to your tax collector on the due date (full installments paid annually).
  2. Increase the amount contributed to your existing escrow account (or set up a new account) with your mortgage lender or, after your contract us funded, you will receive a final closing statement from PACE. If you want to escrow your PACE financing payments through your mortgage escrow account, send the final closing statement to your lender or servicer and ask them about increasing the reserves in your existing escrow account (or set up a new account) based on your estimated annual special assessment payment amount.
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