PACE Comes to Pecos County and Fort Stockton

Texas PACE Authority (TPA) is administering Pecos County’s recently adopted Property Assessed Clean Energy (PACE) program.

PACE is a financial tool that incentivizes Texas property owners to upgrade facility infrastructure with little or no capital outlay. PACE enables 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 can be used for a variety of business types including commercial, non-profit, industrial, agricultural and multi-family. A few examples of energy efficiency and water conservation upgrades that qualify for PACE financing include: insulation, windows, roofing, LED lighting, HVAC upgrades, solar panels and reuse of gray water. When property owners upgrade their facilities, jobs for contractors are created, too.

PACE financing has enabled the repurposing of old buildings into their new, highest, and best use and can fill gaps in the capital stack for new construction projects as well. PACE is creating economic growth, job creation, and increased efficiency and resiliency in the built environment throughout the state and is now available throughout Pecos County.

If you are a property owner with a building that needs upgrading or if you are thinking of expanding or building, fill out an Eligibility Check to find out if PACE is a good fit for you. To see the variety of project types and sizes that have taken advantage of PACE, visit the Project List. From office buildings and hotels to health care facilities and industrial warehouses, owners can modernize their facilities with the help of PACE.

For contractors in Fort Stockton and Pecos County that are interested in growing their business by working on PACE projects, consider taking the Self-PACE’d Online Service Provider Training to learn more about PACE and what it takes to complete a PACE project.

PACE programs can only be successful if local property owners are able to find capital providers. Almost any bank, savings and loan or credit union can qualify to become a PACE lender. To learn more, check out the FAQs for Capital Providers.

For more information about PACE and TPA, visit www.TexasPACEAuthority.org or contact Admin@TexasPACEAuthority.org

Article found here:  https://fortstockton.org/news/pace-comes-to-pecos-county-and-fort-stockton/