Loan Traps

PACE vs. Solar Loan: What's the Difference in Florida?

June 11, 2026 · 5 min read

Part of the complete guide: Solar Loan Help in Florida: Every Lender & the Holder Rule →

They both paid for your panels — but a PACE assessment and a solar loan behave very differently. Knowing which you have changes your options.

If a contractor financed your solar or roof, you have one of two very different things: a regular solar loan, or a PACE assessment (often through Ygrene). They can look similar on the sales sheet, but they behave very differently — and knowing which you have changes your options.

What's on this page

Every section in this article, and what each one covers

1.A solar loanA four-item list (A personal installment loan; Repaid in monthly payments, separate; ...), naming the FTC Holder Rule, the Truth in Lending Act and GoodLeap.
2.A PACE assessment (Ygrene, HERO, etc.)One paragraph, a four-item list (Not a personal loan; Repaid through your property tax; ...) and a callout, naming the Holder Rule and PACE.

Also on this page

an opening passage above the first heading (1 paragraph)
two checklists (8 items in all)
one callout
an FAQ (2 questions)

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Frequently asked questions

Is PACE a loan?

Not in the usual sense. PACE is a special assessment attached to your property and repaid through your property taxes, rather than a personal installment loan. That's why it can spike your tax bill and sit ahead of your mortgage.

How do I tell if I have PACE or a regular solar loan?

Check where the payment shows up. A line on the property tax bill points to PACE — often Ygrene or HERO. A standalone monthly bill from a finance company such as GoodLeap or Mosaic points to a solar loan.

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