Keeping Business Energy Efficiency on PACE

April 23 session addresses affordable, long-term financing

By:

Keeping Business Energy Efficiency on PACE

PACEArea businesses who have an interest in Property Assessed Clean Energy are invited to attend an information session April 23 at the Port Isabel-San Benito Navigation District. During this time, PACE Executive Director Charlene Heydinger will discuss how property owners can upgrade their buildings and conserve energy while also saving money. Financing options are available for industrial property owners and multifamily property owners as well as commercial property owners.

Industrial Property Owners

The Texas PACE program enables industrial site owners to obtain affordable, long-term financing. This is to cover up to 100 percent of the cost for energy efficiency, water conservation and on-site generation technologies. PACE secures private financing for a term as long as the projected useful life of the improvements. This results in utility cost savings that exceed the amount of the repayment. Click here to learn more about PACE’s effects on industrial property.

Multifamily Property Owners

The Texas PACE program enables multifamily property owners to obtain affordable, long-term financing covering up to 100 percent of the cost for energy efficiency, water conservation, and on site generation technologies. PACE secures private financing for a term as long as the projected useful life of the improvements. This results in utility cost savings that exceed the amount of the repayment. Owners can modernize facilities without fear of over-investment. If an owners sells the facility, the PACE loan repayment obligation then transfers with the property to the new owner. Click here to learn more about PACE opportunities in the Affordable Housing Sector

Commercial Property Owners

Texas PACE enables commercial property owners to obtain affordable, long-term loans covering up to 100 percent of the cost for energy efficiency, water conservation, and on site generation technologies. It secures private financing for a term as long as the projected useful life of the improvements. This results in utility cost savings that exceed the amount of the repayment. Commercial property owners can modernize facilities without fear of over-investment. If an owners sells the facility, the PACE loan repayment obligation then transfers with the property to the new owner. Click here for a financial comparison calculator.

The information session begins at 10 a.m. at the Port Isabel-San Benito Navigation District office at 250 Industrial Drive, Port Isabel.

Those planning to attend are asked to RSVP by April 20 with the Port Isabel Chamber of Commerce at 956-943-2262 or director@portisabel.org.

Comments