Miami-Dade County - Green Corridor Property Assessed Clean Energy District

Last updated: August 28, 2018

Program Overview

Implementing Sector:Local
Category:Financial Incentive
State:Florida
Incentive Type:PACE Financing
Administrator:Miami-Dade County
Eligible Renewable/Other Technologies:Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Photovoltaics, Wind (All), Biomass, Hydrogen, Daylighting, Wind (Small)
Eligible Efficiency Technologies:Lighting, Lighting Controls/Sensors, Chillers, Furnaces, Boilers, Heat pumps, Air conditioners, Heat recovery, Energy Mgmt. Systems/Building Controls, Duct/Air sealing, Building Insulation, Windows, Custom/Others pending approval, Other EE, Yes; specific technologies not identified

Authorities

Name:Code of Miami-Dade County Sec. 2-2079 et seq.
Date Enacted:11/04/2010
Name:Resolution No. R-734-16

Summary

Note: In 2010, the Federal Housing Finance Agency (FHFA), which has authority over mortgage underwriters Fannie Mae and Freddie Mac, directed these enterprises against purchasing mortgages of homes with a PACE lien due to its senior status above a mortgage. Most residential PACE activity subsided following this directive; however, some residential PACE programs are now operating with loan loss reserve funds, appropriate disclosures, or other protections meant to address FHFA's concerns. Commercial PACE programs were not directly affected by FHFA’s actions, as Fannie Mae and Freddie Mac do not underwrite commercial mortgages. Visit PACENow for more information about PACE financing, and for a comprehensive list of all PACE programs across the country.

In November 2010, the Miami-Dade County Board of County Commissioners adopted Ordinance No. 10-78, creating the Voluntary Energy Efficiency and Renewable Energy Program, which could be adopted by municipalities within the County. In July 2016, the Board approved Resolution R-734-16, which extended PACE to the unincorporated areas of the County. 

The 2016 Resolution also approved agreements between the County and Green Corridor Property Assessment Clean Energy District (Green Corridor) and its administrator, Ygrene Energy Fund Florida. Per the terms of the agreement, Ygrene will administer the County's PACE program on its behalf and with participation from the County. 

Solar system price checker

Design Your Solar Home

START

Market Trend

12 3

Input your address to see if it is solar friendly and how much you can save with solar.

Great. Your address is perfect for solar. Solar incentive is still available. Select monthly utility cost and calculate the size of solar system you will need now.

Whoa ! Going solar is definitely a smart decision.

kw System size years Payback period Lifetime savings

No money down, 100% finance is available.