The Florida Development Finance Corporation [FDFC] provides access to the Commercial PACE "Property Assessed Clean Energy" (C-PACE) program through a combination of Revenue Notes and Finance Agreements collected with a Non-Ad Valorem assessment on the property's tax bill. An innovative financing structure that makes it possible for owners of commercial, industrial, multifamily, and nonprofit properties to obtain low-cost, long-term financing for energy efficiency, renewable energy and wind hardening projects.
FDFC partnered with the Florida Resiliency and Energy District [FRED], a Chapter 163.01 entity created by Interlocal Agreement between Fernandina Beach and Lake Clarke Shores to levy and collect the voluntary, Non-Ad valorem special assessment through the local Tax Collector’s office.
Communities can join FRED through a resolution and membership agreement which enable property owners within their boundaries participation in the PACE program.
Once FRED has the approval of the local community and service agreements in place with the Tax Collector and Property Appraiser, the local community can be eligible for PACE.
FDFC provides all administrative services and their PACE program to FRED, which allows local communities to have a turnkey platform for providing PACE to their constituents.
Learn more about Commercial PACE Program, including how property owners are eligible, what qualifying improvements are included and the benefits of C-PACE Financing.
Capital Providers can provide upfront financing to commercial property owners for qualifying improvement projects, and to collect the repayment through annual assessments on the property’s tax bill. Each Capital Provider, also known as a Program Administrator, must go through a multi-step process before providing financing to a PACE enabled community through the FDFC PACE Program. Our program is an open platform where multiple Capital Providers can serve as much of the State of Florida as possible. Learn more about our approved Capital Providers.
See our full list of C-PACE Communities throughout Florida who have activated the program with the Florida Development Finance Corporation and our Special District, the Florida Resiliency and Energy District.