Property Assessed Clean Energy (TX-PACE)
Property Assessed Clean Energy (TX-PACE) gives property owners an affordable way to modernize their buildings by financing efficiency upgrades with minimal upfront investment.
PACE is 100% financing for energy and water efficiency improvements to industrial, commercial, multi-family residential, and non-profit buildings. PACE is essentially a long-term (typically 10-20 year), low-cost loan for such improvements as:
HVAC modification or replacement
Light fixture modifications such as LED
Solar panels
High-efficiency windows or doors
Automated energy control systems
Insulation, caulking, weather-stripping or air sealing
Water use efficiency improvements
Energy- or water-efficient manufacturing processes and/or equipment
Solar hot water
Gray water reuse
Rainwater collection system