Property Assessed Clean Energy, or PACE, is not yet an everyday term, but it is gaining traction in Houston. Texas PACE enables property owners to finance 100% of their energy saving, water conservation, and distributed generation improvements with little to no capital outlay. PACE enables commercial property owners to lower their operating costs, increase net operating income and the quality of the asset as the idea is what you save in utilities will be greater than your payments. A voluntary land-secured assessment that is paid off over time, often up to 20 years or more, the City enabled PACE as a way to incentivize sustainability and resilience upgrades to commercial, industrial and multifamily properties. Partnering with US Green Building Council, PACE: Liftoff in Houston is a free education seminar, open to the public.
It will take place on Feb. 28, 2018 6:00-8:00pm at the Green Building Resource Center. The panel will be discussing the first few successful PACE projects in Houston. CEU’s available.