Property Assessed Clean Energy (PACE) funding for Water Efficiency and Renewable Energy Projects
By offering up to 100% financing on qualifying improvements, PACE can eliminate the need for homeowners to pay out of pocket for qualifying home improvement projects and, depending upon the type of improvements, amortize repayment for up to 20 years.
PACE financing is collected through the Real Property Tax Bill. The matter of whether a purchaser will assume remaining PACE assessments or that an owner will satisfy the obligation in full remains a negotiable aspect of a Real Estate Purchase Agreement, subject to potential conditions of new property financing.
For more information about how PACE loans function, consult http://pacenation.us
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