Awards & Endorsements
GHG Mitigation and Climate Risk Award
– Florida PACE Funding Agency (Agency) recently received a 2013 Climate Change Business Journal (CCBJ) award for Business Model Innovation: Greenhouse Gas (GHG) and Adaptation. The CCBJ, a business research publication, recognized the Leidos-administered program making financing available to property owners for qualifying improvements to their businesses or homes.
The agency’s program provides interested property owners with streamlined financing for energy efficiency and renewable generation installations by vetted contractors. Importantly, the financing is repaid on an annual basis through an assessment that is placed on the property owner’s property tax bill. But in hurricane-exposed Florida, PACE financing is also available for wind resistance upgrades. Most of the state’s 4.9 million single-family homes are vulnerable to hurricanes and high winds because they were constructed before 2002 when the state implemented modern engineering-based building codes.