PACE Featured in EDF Blog

Largest Texas City Embraces Private Clean Energy Finance Program in Record Year

By: Charlene Heydinger, Executive Director, Keeping PACE in Texas

htown skyline-720075_640 pixabayAs a bustling metropolis and the biggest city in Texas, Houston has a lot of buildings – and that equals a lot of opportunity to make these facilities more energy- and water-efficient.

Houston grabbed headlines last month when it became the first in Texas to adopt a citywide Property Assessed Clean Energy (PACE) program. PACE will help Houston building owners undertake much-needed water and energy efficiency improvements through private financing – all without having to worry about steep upfront costs. This move means substantial economic development potential, in addition to environmental benefits, for the nation’s fourth largest city.

It’s also a sign this innovative clean energy finance tool is catching fire in Texas: Houston joins Austin’s Travis County, which embraced PACE in March, and a Dallas city ordinance is just on the horizon. Additionally, Cameron and Willacy Counties expect to bring PACE to the Rio Grande Valley in January.

2015 marks a record year for the PACE finance approach across Texas, and interest is growing in several other counties. Even better, all are following the stakeholder-designed PACE in a Box model toolkit – meaning PACE is uniform, user-friendly, and market-based throughout the state.

PACE Mentioned on Houston Matters 12/9/15

How Will Paris Climate Talks Affect Industry and the Environment in Houston? by Houston Matters | Free Listening on SoundCloud.

The world has been watching Paris in recent days as the city hosts the United Nations Conference on Climate Change, known as COP21. But, since we’re a show that focuses on Houston, we wondered how might climate change decisions made at the summit affect industry here?

We talk with several guests on this subject: First an eye-witness to the Paris summit, Rives Taylor, a principal architect with the Houston office of the architecture firm Gensler. Then we hear from our own energy and environment reporter Dave Fehling along with Kathleen Hartnett White, director of the Armstrong Center for Energy and Environment at the Texas Public Policy Foundation.

Save the Date: 2016 PACENation Summit

When: Feb 29, 2016 – Mar 2, 2016
Where: Sheraton Denver Downtown Hotel, Denver, CO
Featuring: Inspiring speakers, workshops, and networking opportunities.

Are you interested to learn more about PACE financing? Do you want to meet with market leaders in person? The first annual PACENation Summit will offer you these opportunities and more! Places are limited, so register today:

The Summit will bring together legislators, program administrators, financiers, contractors, building owners, government and non-government organizations to help grow PACENation in a way that benefits everyone. Participants will explore how to unleash growth in the PACE market, including: bringing PACE to more places, strengthening legislative policy, improving program design, reducing costs, and implementing best practices.