Florida summers don’t wait for a good credit score. When your air conditioner gives out in July, you need cooling now — but a traditional loan or in-house financing plan can fall through if your credit isn’t where a lender wants it. For a lot of hardworking South Florida homeowners, that’s a frustrating dead end.
There’s another path most people don’t know about: PACE financing through Renew Financial. It was built specifically to put home improvements like a new AC system within reach for homeowners who don’t fit the traditional lending box — and at Fahrenheit AC, we can help you use it.
What Is PACE Financing?
PACE stands for Property Assessed Clean Energy. It’s a financing program authorized by the State of Florida and approved at the county level that lets homeowners pay for qualifying improvements — like a new energy-efficient air conditioning system, impact windows, or hurricane hardening — over time.
Renew Financial is one of Florida’s leading residential PACE providers. Instead of a conventional loan, the cost of your improvement is repaid as a line item on your annual property tax bill, spread out over a fixed term (commonly anywhere from 5 to 25 years). The interest rate is fixed for the life of the financing, so your payment doesn’t move around on you.
The Biggest Advantage: It’s Not Built Around Your Credit Score
Here’s what makes PACE different from almost every other financing option out there.
Approval is based primarily on the equity in your home and your ability to repay — not your credit score. If you’ve been turned down for a personal loan, a home equity line, or store financing because of your credit history, PACE may still be an option for you.
For homeowners who have built up value in their property but don’t have the credit profile lenders look for, this is often the difference between sitting through another Florida summer with a failing system and getting a brand-new one installed this week.
Why South Florida Homeowners Like It
- No money down. PACE can finance 100% of the project, so you’re not scrambling for a large upfront payment when your AC fails unexpectedly.
- Fixed, predictable payments. Your rate is locked in, and the amount is added to your property taxes — no separate bill to track.
- Long repayment terms. Because the term can stretch out for years, monthly impact stays manageable.
- It rewards permanent upgrades. PACE is designed for improvements that stay with the home, like a high-efficiency AC system that lowers your energy use for years to come.
- Built-in consumer protections. Renew Financial includes clear written disclosures, a confirmation phone call from a real person to walk you through the terms, contractor screening, and a three-day right to cancel after you sign.
In 2024, Florida expanded the program to cover even more, including flood and water-damage protection measures — so PACE has become one of the more flexible ways to make your home more comfortable, efficient, and storm-ready.
A Few Things to Know
PACE is a real commitment, and we believe in being straight with our customers. The amount you finance becomes an assessment on your property tax bill and is repaid alongside your taxes, so it’s worth understanding the full terms before you sign — which is exactly what Renew Financial’s confirmation call and disclosures are there to help you do. Availability also depends on whether your county has approved the program, which is something we can check for you in minutes.
Our job is to make sure PACE is genuinely the right fit for your situation — not to push you into it. If a simpler option works better for you, we’ll tell you.
Ready to Find Out If You Qualify?
If a new AC has felt out of reach, PACE financing through Renew Financial may open the door. The team at Fahrenheit AC can walk you through whether it’s available in your area, what your project would cost, and what your payments would look like — with no pressure and no obligation.
Visit our AC Installation page or call us today at (954) 793-8610.
Let’s get your home cool again — on terms that work for you.
Fahrenheit AC — Your Comfort, Our Craft.