How do I qualify for PACE financing?

Program eligibility is not based on credit score but is instead based on the equity in your property (among other factors depending on the program). The minimum requirements based on state statute:

•    Be owner of record of property

•    Property taxes paid and no delinquent property taxes in preceding 3 years

•    No involuntary liens on the property

•    Current on all mortgage debt on property

•    No delinquencies on any property-based debt in preceding 3 years

•    Total amount of assessment may not exceed 20% of the just value of the property

Each PACE program may have more stringent and/or additional requirements than the minimum required by state law. Please check with each PACE provider to determine eligibility requirements. 


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1. What is Property Assessed Clean Energy (PACE)?
2. What kinds of improvements are eligible for PACE financing?
3. What are the benefits of PACE?
4. Is PACE right for me?
5. Will a PACE assessment affect my monthly mortgage payment?
6. How do I qualify for PACE financing?
7. Why do the PACE providers need to pull my credit?
8. What happens if I sell or refinance my property?
9. Can I payoff my PACE assessment early? Are there penalties?
10. What are the interest rates?
11. Can I use any contractor?
12. Are the PACE programs funded/subsidized with City funds?
13. What happens if a PACE assessment is not paid?