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Florida PACE Funding Agency Announces Available Funding

Financing now readily available for efficiency improvements in subscribing counties


ORLANDO, Fla., May 27, 2014 — /PRNewswire/ — The Florida PACE (Property Assessed Clean Energy) Funding Agency (Agency) through its EVest Program today announced that $200 million in financing is now available to property owners in subscribing local government jurisdictions for qualifying energy efficiency, renewable generation and wind-resistance home or commercial business improvements or repairs. The improvement financing will be repaid over time as part of the property owner’s annual property tax assessment.

The Agency’s Financial Advisors, Public Financial Management, First Southwest and Southeastern Investment Securities worked diligently with CounterPointe Energy Solutions, LLC to complete all the necessary legal documents and secure the funding from a large institutional investor. The official closing date was March 13.

“Now more than ever, making wind mitigation and energy efficiency happen in Florida is an achievable option for Florida property owners and just in time for hurricane season,” said Jonathan Schaefer, Program Manager for the Agency’s PACE Program. “We are excited to get hammers swinging and make a difference in our state.” Read more.