PACE Energy Loans in the News | PACE Houston

Developers of a plan to bolster energy and water efficiency in Texas say they've made major progress.

"A diverse coalition that includes environmentalists, city officials, bankers and contractors is trying to encourage commercial and industrial property owners to invest in projects that would cut their utility bills and slash carbon emissions. The approach, known as Property Assessed Clean Energy, or PACE, addresses the biggest barrier to efficiency investments: initial costs that can take years to recoup."

Quote from Texas Tribune Oct 7, 2014 Article by Jim Malewitz

Please read more on the Texas Tribune

About Commercial Energy Efficiency Loans and Financing

The Scientific American did an article on PACE called "Stepping into the Arena of Climate Change Education". It was by Mary Ann McGarry and published in their August 29, 2013 issue.

This quote from Ms. McGarry article is germane to the readers of this site.

"The US has the opportunity to develop an energy plan with incentives that promote a more sustainable lifestyle than is the current cultural norm- a lifestyle where it is expected that your home will be energy efficient and you will drive an electric car. We must start by eliminating financing as the major hurdle to doing the right thing for energy use. The PACE (Property Assessed Clean Energy) program let’s property owners fold the cost of energy improvements into their property taxes. PACE financing allows an owner to reduce their energy use on day 1, but pay for it over years."