From MarketWatch:

“PACE-financing offers a market-friendly approach to help homeowners invest in risk mitigation,” said R.J. Lehmann, Director of Finance, Insurance and Trade Policy for the R Street Institute and a resident of St. Petersburg, FL. “This is particularly important for Florida, given our exposure to tropical storms and other natural disasters. Homeowners who use PACE to invest in mitigation save thousands on their insurance premiums each year, and collectively could save hundreds of millions of dollars in avoided natural disaster losses.”