Replacing or upgrading your air conditioning system is one of the most impactful investments you can make in a South Florida property. But the upfront cost can be a real barrier. That’s where the Ygrene PACE Program comes in and it works differently from any traditional financing you may have considered.
What Is the Ygrene PACE Program?
PACE stands for Property Assessed Clean Energy. It’s a financing program designed specifically for property owners who want to make energy-efficiency improvements, like installing a new high-efficiency AC system without going through a traditional bank loan or personal credit check.
Through Ygrene, one of Florida’s leading PACE providers, eligible property owners can finance their project and repay it through their property tax assessment. The financing is tied to the property, not the individual.
What Makes It Different
- No credit check required. Eligibility is based on your property’s equity and your payment history on your mortgage and property taxes not your credit score.
- No upfront payment. You can move forward with your project without needing to cover the full cost out of pocket before work begins.
- Repayment through your property taxes. The amount is added as a special assessment to your annual property tax bill, keeping your monthly cash flow intact.
What Projects Qualify?
The Ygrene PACE Program covers energy-efficiency improvements including AC installation and replacement, duct replacement, insulation, impact windows, and other qualifying upgrades that improve the overall energy performance of the property.
Who Can Apply?
General eligibility requirements include being current on your mortgage and property tax payments and owning a property located in a participating county in Florida. Your credit history is not a qualifying factor.
AC Tech Cooling Services: Ygrene Authorized Contractor
As an authorized contractor through Ygrene, our team can walk you through the process, answer your questions, and help you determine if this financing option is the right fit for your property and project.
If you’ve been putting off a necessary AC replacement because of cost, this program may be worth exploring.
Visit actechcooling.com or call (786) 894-8176 to speak with a specialist.