“Texas Gov. Rick Perry Approves PACE Program for Low-Cost Financing of Water, Energy Conservation Projects”
Texas Gov. Rick Perry has signed legislation allowing local property taxing authorities to enact ordinances enabling Property Assessed Clean Energy (PACE) programs across the state. PACE financing will allow commercial and industrial building owners to obtain low-cost, long-term private sector financing for water conservation and energy-efficiency improvements. With Gov. Perry’s signature, the PACE program is effective immediately.