PACE, the Property Assessed Clean Energy program, has been adopted by Texas’ largest city as a citywide private clean energy finance program. Through PACE Houston building owners engage in water and energy efficiency improvements through private financing, without the steep upfront costs.
Texas responds vividly to this clean energy finance tool—Houston is not the first city in the Lone Star State to embrace PACE. Austin’s Travis County adopted the program in March and a Dallas city ordinance is on the horizon. Furthermore, Cameron and Willacy Counties aim to bring PACE to the Rio Grande Valley in January. Read more.