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. In addition to covering energy efficiency and renewable energy improvements, many Florida PACE programs finance hurricane protection improvements.

Active PACE programs

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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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ygreneYgrene Energy Fund is a provider of residential, multifamily and commercial property assessed clean energy financing. The award-winning, privately funded YgreneWorks program provides immediately accessible financing with no upfront payments for energy efficiency, renewables, water conservation, and, in certain areas, hurricane protection, electric vehicle charging stations and seismic upgrades. Ygrene is committed to making it easy for property owners to invest in their future and a healthier environment. Over the next five years, YgreneWorks is expected to create tens of thousands of jobs and invest billions of dollars into local economies.

In Florida, Ygrene is the exclusive administrator of the Clean Energy Green Corridor District. Initiated by the cities of Coral Gables, Cutler Bay, Miami, Miami Shores, South Miami, Pinecrest, and Palmetto Bay, the District currently has over 85 member municipalities covering more than 7 million people. YgreneWorks offers both commercial and residential PACE financing for energy efficiency, renewable energy and hurricane protection property improvements in the state. 

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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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MikePACE in Florida