A new roof is one of the most important investments you can make for your Florida home, but it’s also one of the most significant. With the high cost of materials and labor, many homeowners look for financing options to manage the expense. While traditional bank loans or home equity lines are common, many Floridians are unaware of a powerful alternative: the PACE program.
This program can make a necessary roof replacement affordable and accessible, and as a trusted local roofer, Classic Roofing and Construction is here to help you navigate the process.
What is the Florida PACE Program?
PACE stands for Property Assessed Clean Energy. It’s a state-authorized program in Florida that allows homeowners to finance critical home improvements, including roof repairs and replacements, through their property tax assessments.
Instead of a traditional loan, the cost of the project is financed and then repaid annually as an assessment on your property tax bill. This program is designed to help homeowners make their homes safer and more energy-efficient without facing a large, upfront cost.
The Benefits of Using PACE for Your Roofing Project
The PACE program offers several unique advantages that make it an attractive option for Florida homeowners:
- No Minimum Credit Score: Unlike most personal loans or home equity loans that are heavily based on your credit history, PACE financing typically has no minimum credit score requirement. Approval is primarily based on your home equity and mortgage payment history.
- Fixed-Rate Financing: You can secure fixed-rate financing, so you don’t have to worry about your payments increasing over time , which can be a risk with variable-rate HELOCs.
- No Prepayment Penalties: If you decide to pay off the financing early, you can do so without incurring any extra fees.
- Borrow Up to 100%: PACE can often finance up to 100% of your project’s cost, including materials and labor, making it possible to get a new roof with no money down.
How to Get Started
- Check Eligibility: The first step is to see if your county participates in the PACE program. You can find a list of participating areas by visiting the official Florida PACE website.
- Get Approved: You apply through an approved PACE provider. Once you are approved, you can move forward with your project.
- Hire a Trusted Contractor: This is where Classic Roofing and Construction comes in.
Partner with Classic Roofing for Your PACE Project
Once you have your PACE financing approved, you need to choose a qualified, licensed, and insured contractor to perform the work.
As a family-owned company with over 20 years of experience and an Owens Corning Platinum Preferred Contractor (License #CCC1333826), Classic Roofing and Construction is a partner you can trust. We work directly with homeowners using the PACE program to provide high-quality, professional roof replacements and repairs.
We’ll provide you with a comprehensive, free estimate for your project. After you give the final approval, our expert team (never subcontractors) will complete your roof installation to the highest standards. The PACE program then pays us directly, and you enjoy the peace of mind of a safe, new roof, with the cost conveniently added to your property tax bill.
Don’t let the cost of a new roof put your home at risk. The Florida PACE program is an excellent tool to make your project affordable.
Contact Classic Roofing and Construction today for a free estimate, and let us know you’re interested in using PACE financing!
