Property Assessed Clean Energy (PACE)
The City of Dallas has approved a Property Assessed Clean Energy (PACE) financing program. The Property Assessed Clean Energy Act (SB 385) was enacted by the State of Texas in 2013, and Dallas is one of the first cities in Texas to implement the program.
How It Works
PACE is an innovative financing program that allows owners of commercial, industrial, and multi-family residential properties (with five or more dwelling units) to obtain low-cost, long-term loans for water conservation, energy-efficiency improvements, and renewable retrofits. The PACE Act authorizes municipalities and counties in Texas to work with private sector lenders and property owners to finance qualified improvements using contractual assessments voluntarily imposed on the property by the owner. In exchange for funds provided by a private lender to pay for the improvements, the property owner voluntarily requests that the local government place an assessment secured with a senior lien on the property until the assessment is paid in full. More information on how to harness the power of TX-PACE can be found here.
The City has selected Texas PACE Authority as the Dallas PACE program third party administrator.
How It Works
PACE is an innovative financing program that allows owners of commercial, industrial, and multi-family residential properties (with five or more dwelling units) to obtain low-cost, long-term loans for water conservation, energy-efficiency improvements, and renewable retrofits. The PACE Act authorizes municipalities and counties in Texas to work with private sector lenders and property owners to finance qualified improvements using contractual assessments voluntarily imposed on the property by the owner. In exchange for funds provided by a private lender to pay for the improvements, the property owner voluntarily requests that the local government place an assessment secured with a senior lien on the property until the assessment is paid in full. More information on how to harness the power of TX-PACE can be found here.The City has selected Texas PACE Authority as the Dallas PACE program third party administrator.
What is PACE Financing?
PACE Success Stories
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Kevin Spath
Assistant Director
PACE Documents
Property Types
- PACE for Commercial Properties-Updated September 2022 (PDF)
- PACE for Industrial Properties-Updated September 2022 (PDF)
- PACE for Multifamily Properties – Updated September 2022
- PACE for Small Businesses – Updated September 2022
- PACE for Non-Profits-Updated September 2022 (PDF)
- PACE for Commercial Properties-Spanish 2022 (PDF)
- PACE for Industrial Properties - Spanish 2022 (PDF)
- PACE for Multifamily Properties – Spanish 2022
- PACE for Small Businesses – Spanish 2022
- PACE for Non-Profits-Spanish 2022 (PDF)
Dallas PACE Program
Case Studies
PACE Resources
- PACE Myths: Get the Facts
- Asst. Director named National 2022 PACE Setter
- Chapter 399, Texas Local Government Code
- Harnessing the power of TX-PACE
- Keeping PACE in Texas
- Maximizing Utility Incentives - Part 1
- PACE Financing Comparison Calculator
- PACE for Property Owners
- PACE Nation
- Texas PACE Authority
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