Property Assessed Clean Energy (PACE) Financing now Available in Tarrant County
Property Assessed Clean Energy (PACE) financing is now available in Tarrant County, which has joined a dozen other Texas counties and cities in offering this financial tool. PACE offers economic and environmental benefits for private industrial, commercial, and multifamily buildings by enabling property owners to access low-cost, long-term loans to pay for water conservation, energy-efficiency improvements, and renewable energy retrofits. Examples of qualified projects are HVAC systems, efficient lighting, water management, and high efficiency irrigation systems. More information about eligible improvements and Texas case studies can be found at www.texaspaceauthority.org.
Additionally, the Texas PACE authority and Houston Advanced Research Center have developed an Energy & Emissions Tracker to help track environmental benefits (energy, water, and emission reductions) associated with each project.