PACE program seeks comments from local governments, developersApril 15, 2014
A. Lee Graham
Local governments, lenders, manufacturers, engineers, contractors and commercial property owners are encouraged to comment on the final draft of policies, processes, and documents for use in launching the Property Assessed Clean Energy (PACE) program throughout Texas.
Signed into law by Gov. Rick Perry last June, PACE allows commercial, industrial and multi-family property owners to obtain low-cost, long-term private sector financing for water conservation and energy-efficiency improvements to their properties.
The non-profit organization promotes PACE legislation and is distributing the final draft of the “PACE in a Box” toolkits statewide.
“We know that success hinges on making PACE financing as practical and user-friendly as possible,” said Charlene Heydinger, executive director of Keeping PACE in Texas, commenting in a news release.
“The feedback will ensure that PACE in Texas reflects the best thinking on energy efficiency, water conservation, and implementation of the program. We want Texas to serve as a model in maximizing the benefits of PACE throughout the United States,” Heydinger said.
Hoping to incorporate the experience of PACE administrators and users in other states — and attract companies interested in administering the program in Texas — the group is seeking feedback from stakeholders nationwide as the final step in the design process.
More information on PACE is available at www.keepingpaceintexas.org