El Paso County Sets Important Framework

Dated: June 27 2016

Views: 1468

El Paso County Commissioners approved a proposal that will soon allow business owners and developers to tap into the Texas Pace program

Image title


Property Assessed Clean Energy (PACE) is an innovative financing program that enables owners of commercial and industrial properties and residential properties with five or more units to obtain low-cost, long-term loans for water conservation, energy-efficiency improvements, and renewable retrofits. Loans are structured to be repaid from energy savings and provide positive cash flow to property owners.

While downtown property owners are sure to greatly benefit from this program, it will be available to property owners from Anthony to Fort Hancock and beyond, providing economic development opportunities to these underserved communities.  

Program details are being worked on with an implementation plan to quickly follow. Local and outside lenders are already lining up to provide the necessary capital for financing a multitude of projects.

El Paso taxpayers benefit by shifting the burden off of homeowners to the commercial sector, who will benefit from increased energy efficiencies, lower utility bills and healthier cash flows.

Participation in the program is voluntary and, as Chairman of the El Paso Building and Standards Commission, I look forward to having one more tool available to help improve our quality of life.

                   - Michael Bray

Latest Blog Posts

Tax Season Is Right Around The Corner Did You Sell A Home This Last Year

5 Sweet Tax Deductions When Selling a Home: Did You Take Them All?By Margaret Heidenry | Feb 19, 2021 Feverpitched / Getty ImagesYou may be wondering if there are tax deductions when

Read More

Can I Buy Or Sell A Home Without A Real Estate Agent

Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers—and sometimes even bidding wars

Read More

Will The Housing Market Bloom This Spring

Will the Housing Market Bloom This Spring?Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very

Read More