PACE – A New Financing Option for Industrial Energy, Water and Environmental Projects
How can you improve plant efficiency, reducing operating costs and attain ESG objectives without competing for internal capital? Texas PACE (Property Assessed Clean Energy) financing enables industrial site owners to obtain affordable, long-term financing covering up to 100 percent of the cost for energy efficiency, water conservation and on-site generation technologies. PACE secures private, cash-flow-positive financing for terms that match the projected useful life of the improvements, resulting in savings that exceed the amount of the repayment. The Texas PACE Authority operates PACE programs for 55 cities and counties across the state.