What is the Effect of a PACE Loan on a Real Estate Closing?
- May 30, 2022
- Thomas Adam
- Real Estate
A Property Assessed Clean Energy (PACE) loan is a type of non-traditional loan that allows homeowners to finance energy-efficiency and renewable-energy projects. The loans are usually repaid through property taxes, so the homeowner does not have to worry about making separate monthly payments. PACE loans are available in many states, including here in Florida, and they can be used to finance a wide range of projects, including solar panels, wind turbines, and energy-efficiency upgrades. These[...]