What is the AllianceNRG Program™?
The AllianceNRG Program is the name for the Florida PACE Funding Agency’s PACE program which is administered by CounterPointe Energy Solutions (FL) LLC.
Who may provide Qualifying Improvements?
Qualifying Improvements may only be made by Authorized Contractors and subcontractors. "Contractors and Project Developers may apply at: https://www.alliancenrg.com/retail/
My county/municipality has not approved the Florida PACE Funding Agency’s program yet. How do they sign up?
What are the benefits for residential property owners?
Lower utility bills and a more comfortable home are the big benefits of home energy efficiency. By combining proper equipment maintenance and upgrades with recommended insulation, air sealing, and thermostat settings, you can reduce your energy use for heating and cooling and reduce environmental emissions.
Wind mitigation improvements can provide a safer home and protect your loved ones and the contents of your home during a damaging wind event (e.g., hurricane). These improvements may also reduce the wind portion of your property insurance bill by up to 77%, depending on the age of your home and type of improvement.
What are the benefits for commercial property owners?
Businesses often face capital budgets constraints that force business owners to choose between capital improvements. Using AllianceNRG Program™ financing enables business to take advantage of fixed rates and longer terms that allow capital costs to be annually and significantly reduced by savings associated with energy efficiency, renewables and wind resistance improvements. In addition, AllianceNRG Program™ financing is an off-balance sheet transaction that maintains your company’s cash position while allowing capital projects to be advanced immediately.
What are the benefits of being an Authorized Contractor?
Authorized Contractors automatically receive a listing in the Contractor Directory. See: https://www.alliancenrg.com/retail/contractors
In addition, Authorized Contractors have access to:
- $200M of immediately available funding for qualified improvements/properties in the State of Florida.
- Training on program process and new construction and sales methods at no cost;
- Marketing collateral;
- On-line web resources; and
- Access to Agency staff support.
Do new construction projects qualify for AllianceNRG Program™ financing?
AllianceNRG Program™ financing is only available for existing properties.
What is required to become an AllianceNRG Program™ Authorized Contractor?
AllianceNRG Program™ Authorized Contractors must meet the following Minimum Requirements:
- Possess all valid licenses, certifications and registrations (federal, state, and local) legally required to make the Qualifying Improvement(s);
- License must be active and not on probationary status;
- Maintain the appropriate insurance coverage for work to be performed;
- Have a Better Business Bureau rating of “B” or higher, if applicable;
- Complete an application HERE and pay a one-time administrative fee of $50; and
- Abide by the AllianceNRG Program™ Code of Conduct and agree to AllianceNRG Program™ Terms and Conditions.
How will I know that my application to become an AllianceNRG Program™ Authorized Contractor has been approved?
Upon successful verification of credentials, the Agency Team will email or mail a letter confirming your status as an Authorized Contractor to the contact address listed in your application and activate your profile HERE in the Authorized Contractor Directory. Applications are generally processed within one week of receipt.
Who is eligible to apply for AllianceNRG Program™ financing?
To be eligible, the financing Property Owners must meet the minimum criteria below:
- Be the owner of record;
- Be current and have no missed or late property taxes or mortgage payments in the past three (3) years or period ownership, whichever is less;
- Have no involuntary liens on the property; and
- Have no bankruptcies for the past seven (7) years.
Is my credit score used to determine whether I may apply for AllianceNRG Program™ financing?
No. However, a credit report will be run to determine status of any mortgage payments and/or balance and verify there are no bankruptcies in the past 7 years. Please see minimum qualifications above: “Who is eligible to apply for AllianceNRG Program™ financing?”
How do I apply for financing?
Please click to: Apply Now
What property improvements or repairs may be financed with AllianceNRG Program™ financing?
Energy conservation and efficiency improvements, renewable energy improvements and wind resistance improvements are eligible. Please see the list of Qualifying Improvements HERE. If you wish to install an improvement that is not listed, please contact us at:
Residential Properties: (855) 509-9922
Commercial and Condominiums (855) 431-4400.
What types of properties are eligible for AllianceNRG Program™ financing?
Financing is available for residential, commercial, industrial and non-profits. Government-owned properties (cannot be assessed) and mobile homes (not permanent structures) are not eligible.
Are progress payments available to AllianceNRG Program™ Authorized Contractors to offset the upfront cost of materials and equipment used in the installation of Qualifying Improvements?
The AllianceNRG Program™ program allows for progress payments on commercial projects with a total AllianceNRG Program™ financing amount of greater than $100,000.
How is AllianceNRG Program™ financing repaid?
AllianceNRG Program™ financing is repaid through a special non-ad valorem assessment included on the annual property tax bill. The assessment is assignable and may transfer to the next owner or be paid off as a condition of sale.
How is AllianceNRG Program™ financing attached to the property?
A notice of assessment is filed with the County Clerk office within five business days after all financing documents have been signed. The assessment will be included on your annual property tax bill for the term of the financing, or until paid in full.
What happens to AllianceNRG Program™ financing if the property is sold before the end of the term?
The assessment stays with the property upon title transfer (assignable) or may be paid off in full as a negotiable term of sale. If the assessment is assigned to the new owner, the energy savings on the property continue to accrue to the benefit of the new owner.
What is the interest rate offered?
Interest rates vary depending on the length of the term and size of the project. For current rates, please email firstname.lastname@example.org or click on the “Get a Quote” button on the upper right corner of the AllianceNRG Program™ home page.
How much financing may I apply for through AllianceNRG Program™?
The maximum amount that may be financed is 20% of the just market property value (found on your local property appraiser website). Exceeding 20% requires an energy audit verifying energy savings exceed the cost, or Lender approval.
What if the approved AllianceNRG Program™ financing amount is less than the amount of the bid I select?
Without an energy audit demonstrating more savings than cost or Lender consent, AllianceNRG Program™ financing is limited to 20% of the just market value of the property (found on your local property appraiser website).
May I make partial payments on my assessment?
No. State law prohibits partial payments of property taxes. Partial payments of property taxes will trigger delinquency fees and interest charges.
May I pay off my assessment early?
Yes, assessments can be prepaid in full with no penalty. Please email email@example.com, or mail your request to CounterPointe Servicing, 6401 Congress Ave Suite 200, Boca Raton, FL 33487 at least ten (10) days prior to the date you intend to prepay the assessment for the total amount due.
Do I get to keep utility rebates and tax incentives when I use AllianceNRG Program™ financing?
Yes. All utility rebates and tax incentives flow to the property owner. Information on available energy rebates and/or incentives may be obtained by accessing the Agency website at: https://www.alliancenrg.com/retail/.
Are there loan-to-value (LTV) requirements for participation in AllianceNRG Program™ financing?
Currently, the Agency’s underwriting guideline requires that the total outstanding mortgage balance (including home equity loans) plus the total PACE assessment is less than or equal to 100% of the Just Market Value of the property per the property appraiser website. The Agency will consider an appraised value in place of the Just Market Value if an appraisal was completed within the past 12 month. The maximum PACE assessment, however, is 20% of the Just Market Value per the FL Statute 163.08.
Are there minimum or maximum AllianceNRG Program™ financing amounts?
Minimum AllianceNRG Program™ financing amounts are currently $2,500 for residential properties and $10,000 for commercial properties.
Are there any additional mandatory costs to maintain my status as an Authorized Contractor?
No, not at this time.
How do I get AllianceNRG Program™ financing for my project?
Please click to see: “How it Works”.
For more information, please call:
Residential Properties: (855) 509-9922
Commercial and Condominiums (855) 431-4400
What protections are in place for me as a property owner?
All Qualifying Improvements must be made by AllianceNRG Program™ Authorized Contractors. See Contractor requirements above under ELIGIBILITY: What is required to become a Florida PACE Funding Agency Authorized Contractor?
All Qualifying Improvements require building permits to ensure compliance with all applicable codes through mandatory inspection by local building officials.
Contractor payment will not be made until the Property Owner submits a signed Property Owner Approval form to verify that the work is complete. This may be completed once the building permit is signed by the local building official.
How do I pick a qualified contractor?
Once you apply, you will be able to choose from our current list of Registered Professionals: https://www.alliancenrg.com/retail/contractors
What if I already have a contractor that I trust, but the contractor is not an AllianceNRG Program™ Authorized Contractor?
The Agency encourages Property Owners to ask their preferred contractor to apply to become AllianceNRG Program™ Authorized Contractors. Contractors can apply HERE.
How many proposals should the Property Owner obtain?
We encourage property owners to get at least three proposals before making your contractor selection. However, the Agency does not require property owners to get multiple bids.
What happens if the AllianceNRG Program™ Florida Authorized Contractor begins work on the Qualifying Improvement and discovers additional work that must be done in order to complete the project?
The bid may be altered to accommodate the additional work necessary, but once the financing agreement is signed, any additional project work must be paid by the property owner through other means. In short, once the AllianceNRG Program™ financing agreement is signed, it may not be changed.
How are projected savings estimated?
For energy efficiency projects, you may:
- Contact your local utility company for a free energy evaluation which will provide information on what may be the best value improvements you may make and information on potential energy savings.
- Your selected Contractor will provide proposed costs and energy savings estimates for energy efficiency improvement(s). The Agency’s Team reviews these savings and cost projections for reasonableness as a part of the underwriting process.
- Obtain an energy audit from a licensed Energy Rater. The Energy Rater will provide detailed savings calculations on planned qualifying improvements. The cost for an energy audit will vary, but the cost may be rolled into the AllianceNRG Program™ financing.
For renewable energy projects you may:
- Receive a free evaluation of the selected Contractor’s proposed costs and utility power offset for renewable generation improvement(s) from the Agency. This evaluation will give the property owner additional assurance that the proposal costs and projected savings are reasonable.
- Obtain an energy audit from a licensed Energy Rater. The Energy Rater will provide detailed savings calculations on planned qualifying improvements. The cost for an energy audit will vary, but the cost may be rolled into the requested financing.
For wind mitigation improvements you may:
- Access the Florida Department of Emergency Management’s Florida Wind Insurance Savings Calculator at: www.floridadisaster.org. By answering a series of questions about your home as it currently exists or based on renovations you are planning, the Wind Insurance Savings Calculator (WISC) will help determine what level of savings you may be eligible for.
In addition to accessing the WISC, we strongly recommend you work directly with your insurance carrier to determine the potential insurance savings of qualifying wind mitigation improvements. Your carrier will also advise what, if any, inspections may be required.
How do I get a job installing Qualifying Improvements funded through AllianceNRG Program™ financing?
After you become an AllianceNRG Program™ Authorized Contractor, you will be listed in the online Contractor Directory. This directory is used by property owners seeking an Authorized Contractor to perform Qualifying Improvements. In addition, educating your existing clients about AllianceNRG Program™ financing may help you initiate additional jobs.