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Johnson County Court Hears PACE Program Pitch as Voluntary Tool for Energy and Water Savings
Summary
Texas PACE Authority presented a voluntary financing program that attaches a contractual assessment to a property to fund energy- and water-efficiency upgrades; officials asked about liability, data-center uses and impacts on local utilities.
The Johnson County Commissioners Court heard a workshop presentation March 9 on the Property Assessed Clean Energy (PACE) program, a voluntary financing mechanism that would let commercial property owners, nonprofits and larger multifamily properties borrow for efficiency upgrades secured by a contractual assessment on the property.
Steven Minnick, program director for the Texas PACE Authority, told the court PACE projects must demonstrate that utility-cost savings will cover the loan and be…
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