Using PACE to Finance Impact Windows

Impact windows are particularly important in regions prone to hurricane-force winds, like Miami and South Florida. There are numerous good reasons to replace old windows with impact windows.  Not only can they enhance the home’s curb appeal, but impact windows can also significantly improve the home’s safety, resilience, and energy efficiency. Not to mention, new impact windows can potentially pay themselves off over time with savings in utility bills. According to the U.S. Department of Energy, windows are responsible for 25% -30% of heat loss and gain.1

“After 28 years of boarding up my windows when hurricanes approached, I was ready for a change. My experience with PACE financing was easy and stress-free. PACE financing is different because it is based on a property’s equity — not an applicant’s credit score. In my case, PACE offered a more affordable fixed interest rate, with flexible repayment term options and helpful consumer protections. I have the peace of mind that comes from a more secure home, together with lower monthly energy bills.”  -– Laura Winston, PACE financing customer.6

Reasons to consider replacing old windows with impact windows:

Better Protection: Impact windows, also known as hurricane resistant windows, are made of several layers of synthetic materials or glass that make shattering and breaking difficult. While impact-resistant windows are designed to withstand impacts caused by flying objects caused by high wind speeds and violent hurricanes they may also provide protection from intruders trying to break into the home.2

Increase Energy-Efficiency: The construction of newly built impact windows helps prevent excessive heat transfer from the outside in during the summer and helps retain heat in the home during colder months, this consequently improves the home’s energy efficiency by reducing the frequency in which the air conditioner or heating system has to be turned on.1

Potential savings on home insurance premiums: Typically, insurance companies offer a discount for home improvements that strengthen and increase the dwelling’s safety, structure, or longevity because the chances of having a claim decrease or the extent of the damage/losses is significantly reduced. Impact windows are generally recognized by insurance companies as an effective windstorm protection system.3 Consult with your insurance agent for home insurance discounts available to you.

Ultraviolet (UV) Protection: UV protection is an important feature in regions that experience direct sunlight during a large portion of the year, like Florida. UV light can cause damage to paint, fabrics, photographs, artwork, metal, etc. Installing impact windows can significantly reduce the damage caused by UV light to your valuable interiors.4

Noise Reduction: Impact windows get their strength from their multiple layer construction. While these layers are primarily responsible for protecting the home from exterior damage, they  also act as a sound barrier to decrease the level of noise from the outside.4

Financing Impact Windows

Homeowners who do not have the cash saved to pay for impact windows upfront, or don’t have access to affordable traditional home improvement financing, may find it financially challenging to replace their old windows with impact windows. According to Home Advisor, the average cost to install impact windows in Miami, FL is between $6,746 and $18,870.5

For those homeowners there is a financing option at their disposal to help them cover the cost of this project – Property Assessed Clean Energy (“PACE”) financing. PACE financing is not a loan but a voluntary tax assessment, and homeowners can generally get a financing decision faster than other traditional financing options. Learn more: How does PACE financing work?

Click here or call 866-891-6879 to contact an authorized PACE provider in your area. An expert PACE financing advisor will answer all of your questions and provide you with a FREE and No-Obligation quote.

Important Disclosures:

Underwriting requirements and restrictions apply. PACE financing is secured by a property lien until repaid in full. PACE financing may be required to be repaid upon refinance or sale. Homeowners should perform due diligence before selecting a home improvement contractor. PACE financing is private financing that must be repaid in full. PACE financing is not a government subsidy

Article sources:

1 U.S. Department of Energy. Update or Replace Windows. https://www.energy.gov/energysaver/design/windows-doors-and-skylights/update-or-replace-windows
2 Safety.com How to Burglar Proof Your Windows. https://www.safety.com/how-to-burglar-proof-windows/ 
3 Consumer Reports. 5 Home Improvements That Can Save You Money on Homeowners Insurance. https://www.consumerreports.org/homeowners-insurance/home-improvements-that-can-save-you-money-on-homeowners-insurance/
4 Storm Solutions. 7 Benefits of Impact Windows. http://www.storm-solutions.net/blog/7-benefits-of-impact-windows
5 Home Advisor. Impact Windows Cost Calculator. https://www.homeadvisor.com/cost/doors-and-windows/install-replace-storm-windows/
6 Florida Politics. Laura Winston: Peace of Mind with PACE. https://floridapolitics.com/archives/312904-laura-winston-peace-of-mind-with-pace

 

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