Spotlight Session: PACE Financing of Energy & Water Improvements

Property Assessed Clean Energy (PACE) financing is available in 38 states and DC to fund energy and water efficiency improvements as well as onsite generation. It is hybrid financing where a government assessment secures a private loan. This arrangement allows private property owners to finance 100% of their project making it cash-flow positive. It’s priority status results in PACE financing typically having lower interest rates than traditional financing options. Expert James Cargas has closed over $450M in Texas projects, resulting in reduction of 45K tonnes CO2, 78M kwh electricity, and 118M gallons of water, as well as create 5,963 jobs.  Property Owner Seth Eslami was the first in the Houston commercial market to take advantage of PACE with a $1.3M investment that reduced energy consumption by 38% in a renovated 1984 office building. Project managers and property owners shouldn’t miss this session.