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Garland adopts PACE program to finance commercial energy, water upgrades
Summary
City Council approved a resolution establishing a Property Assessed Clean Energy (PACE) program under Texas Local Government Code Chapter 399 to enable low-cost private financing for permanent energy and water-efficiency upgrades to commercial, industrial and multifamily buildings.
The Garland City Council voted unanimously Oct. 6 to adopt a resolution establishing a City of Garland PACE program, a property-assessed clean energy financing tool that connects private lenders with property owners to pay for permanent energy and water-efficiency improvements.
Assistant City Manager Andy Hesser explained the PACE framework and next steps to the council, noting the state enabling law and program history. "This allows local governments to establish a program that provides low cost financing ... for renewable energy, energy efficiency, water efficiency upgrades to commercial buildings, industrial buildings and multifamily over the size of 5 dwelling units,"…
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