Here in Florida, we know a strong, reliable roof isn’t a luxury, it’s a necessity. From those scorching summer days to the ever-present threat of hurricane season, your roof works hard to protect your home and family. But when it’s time for a new roof or crucial repairs, the cost can feel overwhelming. What if there was a way to get the roof you need without a big upfront payment?
Good news! The Florida Property Assessed Clean Energy (PACE) program is designed to help homeowners like you make vital home improvements, including roofing, much more affordable.
What is Florida PACE?
PACE is a unique financing program that makes it easier to pay for energy-efficient, hurricane-resistant, and other qualified home upgrades. Instead of taking out a traditional loan, PACE allows you to finance 100% of the cost of your new roof or repairs. Even better, there’s no money down required.
How Does It Work?
It’s simpler than you might think! Here’s the basic idea:
- Get a Quote: You work with a qualified contractor (like Stonebridge Roofing!) to get an estimate for your roofing project.
- Apply for PACE: Your contractor can help you apply for PACE financing. Eligibility often depends on your home’s value and equity, not just your credit score.
- Approve Your Project: Once approved, the funds for your roof project are provided through the PACE program.
- Repay Through Property Taxes: This is the key difference! You don’t make monthly loan payments directly. Instead, the cost of your roof is added as a special assessment to your regular property tax bill. This means payments are spread out over many years (often 10, 15, or even 20 years), making them much more manageable.
Why is PACE a Game-Changer for Homeowners?
- No Upfront Costs: Say goodbye to that big down payment! PACE covers the entire cost of your eligible project.
- Accessible Financing: Because eligibility often focuses on property value and equity, it can be a great option even if you have less-than-perfect credit.
- Long Repayment Terms: Spreading payments over many years keeps your monthly financial burden low.
- Increased Home Value & Safety: A new, strong roof not only protects your home better but can also increase its value and appeal. Plus, opting for hurricane-resistant materials can bring you peace of mind during storm season.
- Energy Savings: Many new roofing materials are energy-efficient, meaning your new roof could also help lower your monthly energy bills!
Beyond traditional roofing options, homeowners can now explore innovative solutions like Timberline Solar™ roofing shingles. These advanced shingles are designed to seamlessly integrate with your existing roof, capturing solar energy to convert into electricity for your home. This not only enhances your property’s energy efficiency but also maintains its aesthetic appeal. With certified professional installation and comprehensive warranties, solar roofing presents a durable and efficient upgrade, potentially making your home eligible for programs like Florida PACE to help finance the installation.
At Stonebridge Roofing, Energy & Exteriors, we believe every homeowner deserves a safe and secure roof. We are familiar with the Florida PACE program and can help you understand if it’s the right financing solution for your roofing needs. Don’t let upfront costs stop you from getting the protection your home deserves. Reach out to us today to learn more about your roofing options and how Florida PACE can help make them a reality!