SERVING COMMUNITIES.

IMPROVING PROPERTIES.

INCREASING CAPITAL.

Texas Businesses Secure $500 Million for Energy and Water Saving Projects Through Texas PACE Authority Programs

Texas PACE Authority has facilitated more than $500 million in Texas Property Assessed Clean Energy (TX-PACE) financing for 91 energy and water saving projects in 35 Texas communities. These milestones underscore Texas PACE Authority’s expertise and commitment to promoting sustainable economic development through energy efficiency, water conservation, and on-site power generation.

Since its inception, Texas PACE Authority (TPA) has been instrumental in helping multi-family, commercial, industrial, and nonprofit property owners upgrade their facilities without upfront capital. By providing this support, property owners can implement improvements that lower operating costs, enhance property value, and reduce their environmental footprint.

With no upfront capital required, property owners can pursue critical upgrades that reduce operating costs while enhancing property value.

A year-end flurry of activity resulted in three that catapulted the cumulation of funding facilitated by TPA over the $500 Million threshold. These new projects exemplify the flexibility and broad applicability of TX-PACE financing in supporting energy-saving improvements for commercial and multi-family properties.  



“Projects range from $70,000 to $48.5 million, proving the concept that TX-PACE is an effective tool for financing water and energy-saving improvements,” said Charlene Heydinger, President of Texas PACE Authority. “Collaborating with property owners, local governments, lenders, and contractors to create environmentally sustainable and economically vibrant communities over TPA’s first decade shows what we can do for businesses and communities in Texas when we work together.”

Project Highlights

Rockport, TX: A multi-family property owner implemented significant energy efficiency upgrades, including high-efficiency HVAC systems and lighting retrofits. 

John Frew, Owner and Development of the Rockport TX project had this to say about TX-PACE-

“PACE financing has become an indispensable element of our capital stack. It is flexible and solid. However, it would not be useful without the Texas PACE Authority’s leadership. They have assembled a seasoned staff of professionals who are confident, smart and dependable!”

Waco, TX: A mixed-use multi-family and retail facility will undergo comprehensive improvements, including the installation of water conservation systems and advanced building controls to optimize energy performance and bring a grocery store to the neighborhood. 



“The Texas PACE Authority helps us make an impact in Texas. As an experienced and committed administrator in the state, they advocate for the commercial real estate teams who are building and growing locally – creating new jobs and driving economic and financial success. We look forward to building on our partnership in the new year.” These comments were share by the TX-PACE lender on this project, Bowin Bassindale, Director of Transaction Management, West Region – PACE-Equity

Tyler, TX: An office redevelopment leveraged TX-PACE financing to completely upgrade the building’s mechanical, electrical and plumbing (MEP) systems including high efficiency cooling towers, and boilers, enhancing energy savings and thermal comfort. 

David Fruzynski, Finance Director for NORF Companies had this to say about utilizing TX-PACE on this project. "PACE Equity and the Texas PACE Authority were the catalyst in getting to a closing on the complex capital stack for the Fair Building renovation. Their seamless process and expertise lead to a stress-free transaction, empowering us to bring new life to this historic property in Tyler, Texas.”

On the Horizon

As demand for energy efficiency and sustainable development continues to rise, Texas PACE Authority remains committed to expanding its reach and impact. Currently serving as the administrator for 103 communities, TPA is not only managing existing programs but also actively assisting more communities in establishing their TX-PACE programs in 2025. With new projects in the pipeline and growing interest from property owners across diverse sectors, the organization is poised to further its mission of fostering environmentally and economically sustainable communities.

About Texas PACE Authority:

At the Texas PACE Authority, we’re on a mission to empower property owners across Texas to make energy and water saving upgrades that save money, benefit the environment and their local communities. As a nonprofit organization, we administer the state’s Property Assessed Clean Energy (TX-PACE) program, working hand-in-hand with local governments to create a simple, cost-effective path for businesses, nonprofits, and industrial facilities to improve their infrastructure.  

For more information on TX-PACE and the Texas PACE Authority,

contact Teresa Smith at Teresa@texaspaceauthority.org, via phone at (512) 788-3388 or visit our website www.texaspaceauthority.org.

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