Texas PACE Authority (TPA) is pleased to share its 2022 Annual Report with you!

In 2022 alone, TPA facilitated more than $172 million in energy and water-saving improvements to businesses and nonprofit properties, increasing these organizations’ operating income and improving the built environment in their communities. The use of TX-PACE in 2022 equaled the investment in all previous years combined.  Projects range from $68,000 to $40 million in rural and urban areas. The program is available in 84 counties and cities and reaches 73% of the Texas population.

While Texas public policy discussions are focused on the dependable supply of energy and water in Texas, TPA is helping to reduce demand for energy and water – a critical, albeit less visible, component of ensuring that Texas’ natural resources are adequate and reliably available throughout our state. TPA assists local governments in strengthening the bottom lines of their businesses and nonprofits, improving the building stock of Texas’ rural, urban, and border communities, and freeing up natural resources for growth.

TX-PACE financing has enabled the repurposing of old buildings into their new, highest, and best use. In December, HUD approved TPA’s PACE program for use with HUD-assisted and FHA-insured properties. As the program grows, its impact grows.  As of today, TPA’s projects are projected to save more than 100 million gallons of water and more than 75 million kWh annually.  The TX-PACE programs are creating economic growth, job creation, and increased efficiency and resiliency in the built environment.

TPA looks forward to a great 2023 as we continue to serve communities throughout Texas. We welcome your feedback.