Renew Financial launches PACE finance program in Florida cities and counties
Written By: Stratton Report
September 8, 2016
On September 8, Renew Financial announced the launch of its RenewPACE financing program across many of Florida’s cities and counties. RenewPACE will be offered in the cities of Orlando, Satellite Beach and Doral, as well as Alachua County, portions of Broward, Pasco, Pinellas, Martin, Indian River counties and many cities in Palm Beach County. Additionally, the program will be offered in county of Escambia is available for commercial properties only.
Renew Financial CEO Cisco DeVries, the innovator of the PACE finance model, remarked:
“RenewPACE is revolutionizing financing for energy efficiency projects across the country. We are excited to bring this remarkable tool to Florida homeowners. Our financing programs, like RenewPACE, have already funded over $750 million in energy improvements across the country — helping over 70,000 homeowners reduce energy use and save on utility bills.”
Company representatives are working closely with local governments in other Florida jurisdictions to help them offer the program to their local constituents as well.
The original innovator of the popular PACE financing model, Renew Financial has long been a national leader in PACE programs and policy and offers various finance programs in New York, Pennsylvania, and other states.
Justin Hoysradt, CEO at Vinyasun, a leading solar system installer commented: “The expansion of RenewPACE to Florida’s metropolitan and densely populated counties is exciting, and a game changer. RenewPACE offers Florida property owners affordable, no-money-down financing to make much-needed weatherization and energy improvements that make their properties hurricane safe and comparable with new construction, For my small business and others, PACE is a trusted, reliable source of financing and provides us the certainty we need to grow and bring back many of the well-paying construction jobs we lost during the downturn. RenewPACE is good for Florida’s economy and small businesses.”