Can I payoff my PACE assessment early? Are there penalties?

Yes, you can pay off your PACE assessment early, however, it must be in full. Depending on the PACE provider, there may be a fee and/or minimum payment amount with early payoff. Please contact the PACE provider to determine what, if any, fee or payment they may charge and to discuss early payoff of your project. Additionally, if the payoff occurs after that year’s PACE assessment has already been submitted to the property appraiser, the amount of that year’s PACE assessment will not have been included in the pay-off and will still be due with the property taxes.

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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?