Your Next Home Improvement Energy Efficient ProjectBy Katya Gordeeva | | Home Improvements |
If you’re searching for your next home improvement energy efficient project, then you’ve come to the right place! Not only are these project fun to take part in, but they also help the environment. That’s right, you can sleep easy knowing that your home is more sustainable and energy efficient. So, whether you decide to dedicate your time or assets to financing an energy efficiency, renewable energy, or water efficiency project – it doesn’t matter! Just pick one, and get started today!
Before you take part in the P.A.C.E. program, it will be important to learn a little bit about it. For starters, do you know what the acronym stands for? P.A.C.E. references property assessed clean energy, and allows property owners to fund energy efficiency, water efficiency, and renewable energy projects with either no up-front costs, or very little costs. Interestingly enough, both residential and commercial property owners living within a participating district can finance up to 100% of their project! Even better, this fee can be paid back over time, and as a voluntary property tax assessment.
So, now you know about P.A.C.E., but why would you choose this particularly energy efficient project?
First (and most importantly), P.A.C.E. can actually eliminate your need to pay out of pocket for the desired project. Furthermore, you may have an extended period – of up to 20 years – to repay the payment. This means your monthly payments would be next to nothing, possibly even creating a net positive cash flow due to the fact that utility savings may exceed that payment. Lastly, the loan is tied to the property, not the individual. Therefore, if you decide to sell the property, you won’t be responsible for paying the loan back – the new homeowner will!
Of course, only property owners in certain cities or countries qualify; however, if your area does, P.A.C.E. financing can be used for residential, commercial, or municipal properties. Though, it will be important to assess what has been authorized by the local jurisdiction. Some products that may be eligible for this energy efficiency project include:
- Attic Insulation
- Air Conditioning Replacement
- Low-flow Toilets
- Solar Photovoltaic
- Thermal Systems
If your property is publicly owned, or is a non-profit property, then you’ll want to check with local commercial PACE providers in the area to better understand what your options are.
If you happen to be in California, you’ll be happy to know that the first commercial and residential P.A.C.E. programs were established back in 2008.
Do Your Part
Are you ready to do your part to help save and preserve the environment through home improvement? If you’re interested in the P.A.C.E. program, be sure to confirm your eligibility to participate within an area of jurisdiction. This is a win-win situation, in which all parties involved can rightfully benefit. It’s significant to get involved in an energy efficiency project, and this one just may be for you!
Distinctive Home Improvements in San Diego proudly offers the very best in Home Energy Efficiency.
Contact Us for your free 30 point energy evaluation or project estimate.