How our financing platform works


What is PACE?

Property Assessed Clean Energy (PACE) enables low-cost, long-term financing for a variety of energy efficiency, renewable energy, water conservation, storm protection and seismic improvements. PACE financing is repaid as a special assessment/tax on the property’s regular property tax bill and is processed the same way as other local public benefit assessments (sidewalks, sewers) have been for decades. 

Depending on where you live, PACE financing can be used for improvements on commercial, residential, nonprofit, light industrial and agricultural properties. PACE is lowering utility bills for property owners and managers of real estate, creating jobs and helping local governments achieve important environmental goals.


ADMIRAL FUNDING PARTNERS - PACE program provides 100 percent, no money down PACE financing to help property owners make cost-effective energy efficiency, renewable energy, water conservation, safety and storm protection improvements to residential, multifamily, commercial and agricultural buildings. Eligibility is based on equity and your ability to pay, among other factors. No minimum FICO score is required. Payments can be spread out up to 25 years in some states, and your first annual payment may be deferred for up to one year or longer, subject to underwriting guidelines, approvals and date of funding.

What type of improvements are eligible for financing?

ADMIRAL FUNDING PARTNERS proceeds can be used to pay for hundreds of PACE-eligible energy efficiency and renewable energy upgrades, including associated installation costs. In certain states, electric vehicle charging stations, water conservation improvements, storm/wind protection and seismic retrofits are also eligible for financing.


Some of the most commonly financed improvements are qualified solar systems, energy-efficient heating and cooling systems, windows, doors, roofing, insulation and ducts, pool pumps, water heaters, drought tolerant landscaping and water-saving plumbing repairs. 

How do I qualify?

It’s easy. First, If your property is in one of our service areas, you can apply online and get pre-qualified in minutes. Eligibility is based on equity and your ability to pay, among other factors—not your FICO score.


A special assessment will be added to your property tax bill as a new line item. This new annual tax payment will remain on your bill for the length of the term you have chosen. Simply pay your property tax bill in the same format that you always have—either when the bill arrives or via your impound/escrow account.

How often are payments due?

Payments are due on the same schedule and deadlines as your current property taxes—this applies whether you pay the tax bill directly or whether you pay monthly through an impound or escrow account. Contact Admiral Funding Partners for more details

some great typical questions


What happens if I sell or refinance?

If you sell your property, payments may transfer to the new owner. Keep in mind that while property taxes are legally transferable, mortgage lenders or buyers may require full repayment (payoff) of your remaining PACE tax obligation as a condition of a refinance or sale. So before obtaining Admiral Funding Partners financing you should consider the likelihood and timing of a possible sale or refinance as well as the costs to prepay the tax obligation.

Does accepting Admiral Funding Partners financing result in a tax lien?

Yes. When you accept Admiral Funding Partners financing you agree to make the payments as a part of your property tax and just like other property tax obligations, your agreement to accept Admiral Funding Partners financing results in a tax lien on your property. The lien is only in effect for the term of your financing and will not remain on your property once the financing is repaid 

Is this a government program?

No. While PACE programs are enabled by state legislation and must be approved by local governments, Admiral Funding Partners is not a government program.

Can I buy down the interest rate on Admiral Funding Partners financing?

Yes, in certain states. Admiral Funding Partners offers customers in California and Florida the opportunity to reduce or ‘buy down’ current interest rates. A lower fixed interest rate can not only save you money on your annual payment, it will also reduce the amount of interest you pay over time.

When you choose to 'buy down', you will pay a nominal fee (points) that will be added to the cost of your project and rolled into your financing in exchange for a 1% or 2% discount off current rates. Keep in mind, if you’re planning to sell or refinance anytime soon, 'the buy down' may not be right for you. The longer you plan to own your property, the more buying down your rate upfront can help you save.