TEXAS PACE AUTHORITY

Category: Other

WHAT IS PACE? Property Assessed Clean Energy (TX-PACE) is a proven financial tool that incentivizes Texas’ property owners to upgrade facility infrastructure with little or no capital outlay. Approved by State legislation and established by local governments, TX-PACE programs enable owners to lower their operating costs and use the savings to pay for eligible water conservation, energy efficiency, resiliency, and distributed generation projects. Owners gain access to private, affordable, long-term (typically 10-20 years) financing that is not available through traditional funding avenues.   PACE (Property Assessed Clean Energy), enables commercial property owners to obtain affordable, long-term loans covering up to 100 percent of the cost for energy efficiency, water conservation, and on site generation technologies.  PACE secures private financing for a term as long as the projected useful life of the improvements, resulting in utility cost savings that exceed the amount of the repayment. You can modernize your facility without fear of over-investment because if you sell the facility, the PACE loan repayment obligation transfers with the property to the new owner.  Typical Examples of Qualified Improvements:  hgh efficiency chillers, boilers, and furnaces, systems to capture, treat and use other on-site sources of water (condensate, rainwater, reverse osmosis reject water, etc.), high efficiency lighting, water conservation equipment, wastewater onsite reuse systems,  energy management systems, insulation & air sealing, HVAC systems, energy recovery & redistribution systems, greywater systems, high efficiency toilets, waterless urinals, solar hot water, and solar photovoltaics.