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PACE Financing

Financing Incentive
Summary

Washington County is a PACE authorized community. Property Assessed Clean Energy (PACE) is a proven financing tool that incentivizes property owners to upgrade facilities with little to no capital outlay, leveraging the savings generated by lower operating costs to pay for energy and water efficient projects.

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 Washington County Commissioners Court, 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 financing may be used to pay for permanent improvements to the property that are intended to decrease water or energy consumption or demand. Examples of property improvements that may be financed with PACE are: Chillers, boilers, and furnaces • HVAC, BMS, BAS, EMS controls • Lighting • Water heating systems • Energy management systems and controls • Roofing • Windows • Doors • Insulation • Elevator modernization • Pool equipment • Distributed generation systems • Heat recovery and steam traps • Solar panels • Wind turbines • Water management systems and controls • Irrigation equipment • Rainwater collection systems • Toilets • Faucets • Greywater systems… and more!

Eligible property types are property with existing structure(s): Commercial • Industrial/Manufacturing • Multifamily Housing (5+ units) • Hospitality • Agricultural • Nonprofit. 

Texas PACE answers the question “How are we going to pay for it?” and is transforming how developers, owners, and contractors look at projects, proving that there is a clear path forward for energy efficiency, distributed generation, and water use reduction measures.

For more information: https://www.texaspaceauthority.org/washington-county/

 

 

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