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Property Assessed Clean Energy (PACE)

If your business or nonprofit community organization owns your building and you are looking to add clean energy or water saving upgrades, then PACE is for you.

Property Assessed Clean Energy (PACE) is a tried-and-true method for small businesses and nonprofit community organizations to borrow money to put toward clean energy upgrades. Overseen by the U.S. Department of Energy and the Texas PACE Authority, PACE financing in Texas ties loans to a property itself and not to the owner of the property. Repayment occurs via property taxes on a parcel.

This can be important as the ownership of a property might change hands while the clean energy investments continue to pay for themselves over time.

At the Clean Energy Fund of Texas, we offer Commercial PACE, or C-PACE, financing. We can assist you in applying for and setting up C-PACE financing to support eligible clean energy improvements.

What types of improvements are eligible under PACE?

PACE supports improvements that are permanently tied to the property and will decrease water consumption and/or energy demand/consumption. Solar panels, HVAC and lighting upgrades and water efficiency upgrades are all examples of strong PACE projects.

What types of properties are eligible to participate in PACE?

Privately owned (not government-held) lots that are already developed are eligible to participate.

How much financing is available under PACE?

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How do I apply for PACE in Texas?

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How do I repay the PACE loans through my commercial property taxes?

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