Property Assessed Clean Energy (TX-PACE)

How it works

The City of Eagle Pass TX-PACE program is an innovative financing program that helps property owners obtain low-cost, long-term financing for qualified improvement projects. The page says the program is designed to help owners lower operating costs and use the savings to pay for eligible projects.

The program works through contractual assessments that are voluntarily imposed on the property by the owner. In exchange for funds from a private lender to pay for the improvements, the owner requests that the local government place an assessment secured with a senior lien on the property until the assessment is paid in full. Because the assessment is tied to the property, the repayment obligation transfers to the next owner if the property is sold.

What the money covers

Eligible projects include retrofits for:

• water conservation
• energy efficiency
• renewable systems
• resilience

The page specifically says TX-PACE incentives are available for commercial properties, including nonprofit, retail, healthcare, and hospitality uses; industrial properties, including manufacturing and agricultural uses; and multifamily residential properties with five or more dwelling units.

Amounts and matching

The page does not state a dollar cap, rebate amount, or matching requirement. It says financing is private and typically long-term, usually 10 to 20 years.

How to apply

The City of Eagle Pass has selected Texas PACE Authority as the third-party administrator. The page directs applicants to the Texas PACE Authority website to learn more or submit an application. It also says that website includes FAQs, case studies, educational materials, a financing comparison calculator, and upcoming training sessions and TX-PACE events. Contact information listed on the page includes email contact through Texas PACE Authority and phone number 855-738-PACE (7223).

Timing and deadlines

The PACE Act was enacted by the State of Texas in 2013, and the City of Eagle Pass adopted the program on August 4, 2020. The page does not list an application deadline or ending date.