In June, the Broward County Board of Commissioners approved a countywide Property Assessed Clean Energy (PACE) program, providing an innovative form of financing for clean energy and resilience improvements for residential and commercial property owners across the county. In August, the City of Deerfield Beach Commission voted to opt-in to the Broward County PACE Program, authorizing all County-approved providers to operate within Deerfield Beach jurisdictional boundaries.
What is PACE?
PACE is a financing mechanism that allows property owners to voluntarily make qualifying improvements on their property, with repayment through a non-ad valorem special assessment added to their property tax bill.
What can be funded through PACE?
Most products that can be permanently affixed to a property and reduce on-site electric use, assist in wind resistance, and/or produce onsite electricity are eligible for funding. Qualifying improvements include: rooftop solar panels, solar water heater, wind turbine, energy efficient air conditioning unit, cool roof, window replacement, impact windows, insulation, and more.