PACE in Florida

Background

Florida passed PACE-enabling legislation in 2010 and there are five active programs operating in the state — all of which offer commercial financing, and two that offer residential financing.  After resolving a FL Supreme Court case regarding PACE bond validation, residential and commercial PACE is flourishing in the state.

Active PACE programs

1466123363_tick_16 Residential           1466123363_tick_16 Commercial

FL-ANRG

The Florida PACE Funding Agency (FPFA) is a single purpose local government making its PACE program available to any subscribing Florida city or county. The FPFA’s AllianceNRG Program provides financing for residential energy efficiency, renewable generation and wind hardening improvements in accordance with Florida Statutes section 163.08 at a current rate of 5.99%. CounterPointe Sustainable Real Estate administers the Agency’s commercial program.  The program has been approved in over 20 counties in Florida, and is growing rapidly.

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1466123363_tick_16 Residential           1466123363_tick_16 Commercial

Ygrene clean energy corridor PACE florida

Ygrene Energy Fund is the lead program of the Clean Energy Green Corridor District. Initiated by the Town of Cutler Bay, the District to date includes Miami, South Miami, Pinecrest, Palmetto Bay, and Miami Shores, and more communities that total over 650,000 people. The Green Corridor District offers both commercial and residential PACE financing.

Ygrene Energy Fund uses a turnkey approach that provides administration, financing, contracting, and a range of assurances and performance guarantees to participating governments.

In Miami-Dade, Ygrene uses a comprehensive marketing strategy that involves broad outreach to local stakeholders through workshops, newsletters, and presentations. In every clean energy district Ygrene establishes an Energy Center to showcase new equipment and technology, offer assistance and resources to local property owners, and undertake contractor recruitment, training and certification. Building on the experience of the Sonoma County Energy Independence program, Ygrene developed its direct advertising efforts consisting of media ads, direct mailing, and community events to better reach local property owners. Overall, Ygrene puts emphasis on creating localized programs at a District level.

As for energy audits, Green Corridor uses home evaluation software tool to prioritize improvements and calculate the SIR (savings to investment ratio). Water conservation and wind hazard abatement projects could be offered to Green Corridor participating municipalities that choose to include these measures when they join. Green Corridor does not require consent from existing mortgage lenders, relying on Florida’s enabling statute requirements for notice only.

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1466123363_tick_16 Residential           1466123363_tick_16 Commercial

RenewPACE is an innovative financing solution from Renew Financial, which provides upfront funding for energy efficiency, renewable energy, and resiliency upgrades to homes and businesses. Offered in partnership with local governments, RenewPACE is simple and easy to use with superior customer support.

RenewPACE financing from Renew Financial is an innovative PACE program that provides industry-leading consumer protections. Renew Financial was the first to develop the concept of PACE financing, and we continue to improve and develop it to help bring renewable energy and energy efficiency to homeowners across Florida and across the country.

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 Residential           1466123363_tick_16 Commercial

Leon County created Leon County Energy Improvement District in April, 2012 by passing an ordinance at the meetings of Board of County Commissioners. Leon County held a Board meeting on October 23, 2012 to determine whether the County is moving forward with RFP for a third-party administrator.

Program Documents: Leon County Board of Commissioners Agenda, December 23, 2012.

 Residential           1466123363_tick_16 Commercial

Solar Energy Loan Fund or SELF is a certified Community Development Financial Institution (CDFI) and a national award-winning non-profit, 501(c) (3) corporation. SELF administers St. Lucie County’s Commercial PACE program. To date, the County has completed all of the necessary approvals for the PACE program. SELF also partnered with the Florida Green Energy Works program to establish additional Commercial PACE programs in the state.

Program Documents: SELF Program Handbook, SELF PACE Application. Contact Information: Doug Coward, Executive Director Phone: (772) 468-1818

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PACE Municipalities in Florida



Enabling legislation

Next step…

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