Coastal Bend TX-PACE Workshop

2000 Billy G Webb Drive,Portland TX 78374

09 November, 2022

Description

Learn how business and nonprofit property owners can address deferred maintenance, reduce operating costs, and increase energy and water savings with the Aransas, Nueces, and San Patricio TX-PACE programs. $250 million in new energy and water saving PACE investments have already been made to commercial, industrial and multifamily property in Texas with projects ranging from $75,000 to $27 million. Learn how you can take advantage of this economic and environmental program. This Workshop is hosted by the Aransas County EDC, Corpus Christi Regional EDC, Ingleside Development Corporation, Nueces County Development Corporation, San Patricio County EDC, and Texas PACE Authority. Texas Property Assessed Clean Energy (TX-PACE) is a proven financial tool that incentivizes property owners to upgrade facility infrastructure with little or no capital outlay. Approved by State legislation and established by local governments, TX- PACE enables owners to lower their operating costs and use the savings to pay for eligible water conservation, energy efficiency, resiliency, and distributed generation projects. Owners gain access to private, affordable, long-term (typically 10-25 years) financing that is not available through traditional funding avenues. Contractors, architects, and engineers gain larger projects and satisfied customers. Local lenders help increase customer cash flow and collateral value. The program is voluntary and no tax payer dollars are required.