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T E X A S ’ O P E N - M A R K E T P A C E P R O G R A M A D M I N I S T R A T O R
Charlene Heydinger Charlene.Heydinger@keeppace.org Jonathon - - PowerPoint PPT Presentation
Charlene Heydinger Charlene.Heydinger@keeppace.org Jonathon - - PowerPoint PPT Presentation
T E X A S O P E N - M A R K E T P A C E P R O G R A M A D M I N I S T R A T O R Charlene Heydinger Charlene.Heydinger@keeppace.org Jonathon Blackburn jonathon@texaspaceauthority.org Peter Herlin peter@texaspaceauthority.org
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HOW DOES IT WORK?
Up to 100% financing and the project pays for itself
R E P A Y M E N T “ C a s h f l o w ”
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PACE BENEFITS
P r o b l e m s S o l u t i o n s
Long simple payback? Immediate Cash flow Split Incentives? Triple Net lease Short Holding Period? PACE Stays with land
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WHAT IS ELIGIBLE?
Improvements that save energy/water Private Non residential Property
Nonprofits Commercial Industrial No Government Buildings Permanently affixed to property
In active PACE region
Multifamily No Greenfield Development
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PACE SOLAR PROJECT
Family Eldercare
New Cool Roof Solar Panels $262,000 project
Cash flow Positive
140,000 kwh saved/yr
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HOW DO I START PACE HERE? Contact the Texas PACE Authority PACE in a Box Local Government education/outreach
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T E X A S ’ O P E N - M A R K E T P A C E P R O G R A M A D M I N I S T R A T O R