SERVING COMMUNITIES.
IMPROVING PROPERTIES. INCREASING CAPITAL.
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World Class Performance Center,
BUDDY HOLLY HALL
Is Lubbock's 1st PACE Project
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The Buddy Holly Hall of Performing Arts and Sciences received $20.8 million in PACE financing for high performance HVAC/mechanical, lighting, and building envelope energy efficiency measures and water saving measures from Twain Financial Partners. The investment in this high performance equipment will save the nonprofit $65.9 million over the project's life. The projected average annual operating income increase is $970,946.
The City of Lubbock established its PACE program in October 2021.
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See Buddy Holly Hall and all other TX-PACE projects on
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TPA Welcomes These
Newest TX-PACE Local Governments
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TPA serves 73% of the
Texas population as
81 local governments
establish PACE in a Box
programs
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DUB AT THE PUB
TPA's Dub Taylor Speaks at the
Hill Country Water Talk in San Marcos
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On August 27th TPA’s Dub Taylor participated in the Hill County Water Talk event at Roughhouse Brewing in San Marcos. Despite the heat, this forum drew a large crowd eager to learn from the experts how Texas’ precious water resources could be better preserved. And of course - PACE financing for water conservation and water reuse projects is a key strategy for property owners, including brewers, to implement water savings measures.
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TX-PACE FEATURED IN AUSTIN BUSINESS JOURNAL |
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More Texas properties made eligible for PACE loans, with eye toward water conservation
By Mike Christen – Staff Writer, Austin Business Journal
Sep 29, 2022
A change in Texas' Property Assessed Clean Energy financing program opens the door for new greenfield developments to take advantage of the low-cost loans that can be used for water conservation, energy efficiency, resiliency and distributed generation upgrades. "This is a game-changer that will greatly expand opportunities for water reuse projects that can strengthen longterm water security in Texas," said the CEO of Texas Water Trade...
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NEWS FROM KEEPING PACE IN TEXAS |
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Updated Technical Standards Recommendation Regarding Utility Price Escalation (Effective dates: October 1, 2022 – December 31, 2024)
As stated in the current Technical Guide, the annual utility price escalation rate to calculate avoided annual electricity/water costs is not to exceed 3% in most cases. For project applications filed between October 1, 2022 and December 31, 2024, the administrator, at its discretion, is authorized to approve an annual escalation rate of up to 4% that would be applied to the limited time period of October 1, 2022 – December 31, 2024. The increased escalation rate may only be applied to the portion of the calculation that falls within aforementioned time frame. The remainder of the project must calculate avoided annual utility costs not to exceed 3%. If project developers are concerned with the complexity of increasing to 4% during defined 2022-2023 time period, and then ratcheting down, they may keep the escalation at no more than 3% over the entire period of the project.
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Join TPA at the
2023 REAL PLACES CONFERENCE
Austin, TX | February 1st – 3rd
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Join Texas PACE Authority in Austin or online for the seventh annual Real Places Conference. Hosted by the Friends of the Texas Historical Commission, the conference provides an opportunity for preservationists and officials to network and learn with County Historical Commissions, Main Street managers and participants, historic preservation officers and design review boards, architects and engineers, historians, archeologists, curators, interpreters, managers of museums and historic sites, as well as THC staff, Texas Heritage Trail Regions, and many partner organizations.
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Texas PACE Authority is a nonprofit organization that advances Property Assessed Clean Energy (PACE) projects in Texas by administering a uniform commercial and industrial PACE program on behalf of local governments. This model approach ensures local governments can establish an effective TX-PACE program quickly and economically, providing a tool for property owners to invest in more efficient infrastructure.
Texas PACE Authority is committed to expand this vibrant program to every region in Texas, working with all parties – property owners, contractors, lenders, and local governments to bring energy and water improvements that are both economically sound and environmentally friendly. To date, 81 local governments have established TX-PACE programs reaching above 73% of the Texas population.
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