Dallas – The Travis County Commissioners Court today adopted a resolution of intent to establish a countywide Property Assessed Clean Energy (PACE) program that will allow commercial and industrial property owners to use low-cost, long-term loans for water conservation, energy-efficiency improvements and renewable retrofits. The Commissioner’s Court adopted the resolution with a unanimous vote and scheduled a related hearing for March 24. If adopted, this will be the first PACE program implemented in Texas.
The law firm Thompson & Knight led the effort to pass the PACE legislation, including the formation of the nonprofit Keeping PACE in Texas.
“This step will greatly improve energy efficiency and water conservation in Travis County and all of Texas,” says Thompson & Knight attorney James C. Morriss III of Austin, who is helping lead the firm’s PACE efforts. “We believe every county in the state can benefit from their own PACE program, which will protect the environment and help owners of commercial and industrial facilities improve the energy efficiency of their properties at the same time.”
In order to expedite the establishment of local PACE programs in Texas and to facilitate an orderly, consistent, state-wide approach to PACE design and implementation, a toolkit, called PACE in a Box, has been developed. PACE in a Box contains all of the information a local government needs to create an effective PACE program.