Property-Assessed Clean Energy Programs (PACE)
The City of Pensacola is a proud supporter of Property-Assessed Clean Energy (PACE), a program that offers financing for energy efficiency, renewable energy and other improvements for both commercial and residential owners. The amount borrowed is typically repaid over a period of years, typically 10 to 20 years through property assessments, which are secured by the property itself and paid as an addition to the owners’ property tax bills. Florida statutes authorize municipalities and counties to establish dependent special districts with the authority to collect revenue via a special assessment. The City of Pensacola, Florida offers a consumer choice of PACE providers.
Florida PACE Funding Agency