El Paso County Commissioners approved a proposal that will soon allow business owners and developers to tap into the Texas Pace program.
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
Property Search
RSS Feed
Search Blog
Recent Blogs
Solidifying Your Why - I have learned that drive,,
In The Know Series - Hi!I'm starting a new blog called
Best Home Improvements January Newsletter -
Advantages Of An FHA Home Loan - Advantages of an FHA Home
Our Bloggers
Suzel Alcazar - 1
Humberto Alcazar - 22
Rob Brown - 2
Fernando Bustamante - 230
Ana Diaz - 58
Loren Escandon - 1
Mary Ganci - 91
Melinda Herrera - 17
Margarita Martinez - 3
David McKay - 41
Mark Meeks - 31
Luis F Navarro - 68
Ana Maria Navarro - 74
Oscar Nieto - 36
Laura Rivas - 2
Agueybanai Rivera - 3
Carlos Sifuentes - 9
Martez Sims - 1
Rick Snow - 13
Roxanne Tyroch - 12
Julia Weeks - 1
Ben Williams - 1
This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.
Click 'Save' to add a property to this list.New & returning visitors please enter your information to login.
This message will go directly to the head of our team.