How does this work?
A participating contractor, such as East Coast Mechanical (ECM), will put together an estimate for qualifying energy-efficient product, like a new air conditioner installation. You can apply for the PACE financing and if approved, we will install your new unit. Your repayment will begin with your property tax next year.
Why choose PACE?
- 100% financing with no out-of-pocket costs
- Fast in-home approvals
- Borrow up to 20% of property value
- Flexible repayment terms: 5, 10, 15, 20 or 25 years
- Balance may transfer to new owner upon sale
- No prepayment penalty
- Financed amount won’t appear on credit report
How do I qualify?
- Must be current with mortgage debts.
- Must not owe any property tax.
- Credit is not an issue.