MONROE COUNTY, FL – The Monroe County Board of County Commissioners adopted the Property Assessed Clean Energy (PACE) Program earlier this year. The program provides an alternative option to property owners for funding projects that increase energy effectiveness.
Property owners can finance up to 100 percent of a qualified project and pay back the funds over time through their annual property tax bill. The voluntary program is available for homeowners in unincorporated Monroe County and all five municipalities within Monroe County.
To date, 18 projects for a total of $1.1 million have qualified for the program in the Florida Keys, according to Ygrene Works, one of four providers of the PACE program in the county. Ygrene Works has approved 11 projects on unincorporated Monroe County, five projects in the City of Marathon, one project in Islamorada and one project in Key Colony Beach.
The PACE program enables long-term savings, furthers regional energy and resiliency goals, and supports local economic development. Projects include energy conservation and efficiency, wind resistance and renewable energy. Improvements can be installation of high impact windows, adding solar panels, and replacing roofs, among other qualified energy efficient home enhancements.
There are four County approved PACE providers who can answer questions about qualifying projects, financing term and list approved contractors. More information, including frequently asked questions, and the approved providers can be found at monroecounty-fl.gov/PACE.