Financial FAQ

Do I have to pay it back?

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.

Is this a loan?

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!

Is this against the house?

Yes, the loan is made to the property and will be reflected in your property taxes. We don’t use 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.

Are you certified by the county?

Yes, all contractors that work with Nation Green Homes and the PACE program must be certified and supervised by the county. All materials used in the upgrades are NOA Certified, too. Contractors are not paid until the project is inspected and completed.

Is this a program of incentives from the county?

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.

Do I have to pay interest?

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

Is this like a second mortgage?

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

Can I pay it off?

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.

Project Management FAQ

What’s the estimated time of completion for windows?

About 8-10 weeks.

What’s the estimated time of completion for roofing?

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

What’s the estimated time of completion for solar?

About 3 months.

What’s the estimated time of completion for AC?

48hrs after approval.

Can I choose the contractor?

Yes, if the contractor you want to work with is certified, approved and enrolled with the PACE program.

What happens if I want to sell my property after an upgrade?

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

What happens if I must deal with HOA? What about the city permits?

We take care of everything for you. We manage both City fees and permits and HOA permits, from submission to final approval.

How is working with Nation different than working with other contractors?

At Nation, all our contractors are certified by the program, licensed, insured, and they don’t get paid until the project is fully inspected and completed. We manage our contractors so that you don't have to.

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