PACE (Green Corridor)

 

Property Assessed Clean Energy (PACE) is a financing program designed to help qualifying homeowners invest in specified energy efficiency and renewable energy improvements.

 

Residential (PDF)  |  Commercial (PDF)

 

Follow this link to learn more and check your eligibility for the program

 

The Village of Key Biscayne in September 2015 joined a partnership of local municipalities that established the first PACE district in the State of Florida.

 

District Update - August 2014 (PDF)

PACE in Florida

 


 

 

PACE (Property Assessed Clean Energy) is a simple and effective way to finance energy efficiency, renewable energy, and hurricane protection upgrades to buildings. PACE can pay for air conditioners, roofs and impact windows, solar panels, water pumps, insulation, and more for almost any property – homes, commercial, industrial, non-profit, and agricultural.

 

Nearly half the energy we consume, and three quarters of the electricity we generate in the United States is used to heat, cool, light, and otherwise operate our buildings. Most of this energy is created by burning fossil fuel, so reducing its consumption in a meaningful way will depend on reducing energy use in buildings. A number of barriers have thus far limited wide scale adoption of energy efficiency and renewable energy measures.

 

PACE overcomes challenges that have hindered adoption of energy efficiency and hurricane protection related projects in South Florida’s buildings. PACE financing solves the upfront cost barrier by providing 100% financing for project costs. Long term repayment of up to 20 years makes projects much more affordable.  The financings are paid back through a non-ad valorem assessment that is added to the property tax bill.

 

 

 

 

 


"To provide a safe, quality environment for all islanders through responsible government."

 

© 2013 Village of Key Biscayne   |   88 West McIntyre Street   |   Key Biscayne, FL   |   33149   |   (305) 365-5511   |   feedback@keybiscayne.fl.gov

 

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