Frequently Asked Questions

You will need to repay the amount you borrow in small monthly installments, which will be quite affordable. The PACE program is designed to allow the energy-efficient upgrades to pay for themselves over time. As a result, the money you save on energy bills and homeowner insurance will go towards paying off the loan, and you won't have to start making payments up to 17 months after you sign up.

Yes, the PACE Program works as a non-conventional loan with no upfront costs, no income check or increasing interest rates. Plus, the loan does not hurt your credit score!

Yes, the loan is made to the property and will be reflected in your property taxes. It does not require your credit score to determine if you are eligible. Instead, approval is based on the amount of equity you have in your home and your mortgage payment history.

Yes, the curated list of contractors that we provide you to choose from must be approved, certified and supervised by the county. All materials they use in the upgrades are NOA certified, too. Contractors you choose are not paid until the project is 100% inspected, completed and you are 100% satisfied with the results.

The PACE program is a financing program approved for Miami-Dade, Broward and Lee County residents, funded by a public/private agreement used to make Florida homes more energy-efficient and hurricane-resistant.

Yes, based on a fixed interest rate of your choice. The interests you pay are tax deductible.

No, it’s an assessment that you pay along with your property taxes.

Yes, the program does not have prepayment penalties. Once you pay it in full, you will only pay for the cost generated while you were financing your project.

PACE assessments typically take precedence over existing mortgage liens. This priority status can deter many mortgage lenders from approving refinancing applications unless the PACE loan is paid off beforehand.

Under Florida law, a PACE assessment is treated as a lien on the property and typically takes priority over other liens, including mortgages. This means that when selling your home, the PACE assessment remains attached to the property unless addressed. It's crucial to disclose the existence of a PACE assessment to potential buyers, as failure to do so can lead to legal complications.

At Nation Green Homes, we guide you through every step of the way. We help you apply and qualify for the financing solution tailored to your needs. Plus, we provide you a list of certified, licensed and insured contractors for you to choose from. Unlike working with contractors directly, when you work with us you can rest assured that your contractor will not get paid until the project is fully inspected and completed and you are 100% satisfied with the results.

About 8-10 weeks.

Depending on the type of roof and the county, it might be between 4-8 weeks.

About 3 months.

48hrs after approval.

Yes, we will provide you with a list of reliable, approved and licensed the contractors for you to choose from. The contractor you choose will manage everything for you, from city and HOA permits to the last debris cleanup.

You have two options, transfer the assessment to the new homeowner, or pay it in full.

The contractor you choose will take care of everything for you. They will manage city fees and permits and HOA permits, from submission to final approval.