Presentation by Marina Badoian-Kriticos, Regional Program Advisor at Texas PACE Authority, at the 2018 Gulf Coast Water Conservation Symposium in Houston, Texas.
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Leveraging PACE for Big Water Savings in the ICI Sector
1. 2018 Gulf Coast Water Conservation Symposium| March 22, 2018
LEVERAGING TX-PACE FOR BIG WATER
SAVINGS IN THE ICI SECTOR
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Texas PACE answers the question,
How are we going to pay for it?
TX-PACE is transforming how developers,
owners, and contractors look at projects,
proving that there is a clear path
forward for energy efficiency, distributed
generation, water reduction, and
resiliency projects in existing buildings.
3. WHAT IS TX-PACE?
TEXAS PROPERTY ASSESSED CLEAN ENERGY
A simple way of paying for capital projects with no money out of pocket.
๏ What: 100% long term, low cost financing
Energy efficiency, water conservation,
and distributed generation/ resiliency projects
๏ Where: On commercial (non-profit, hospitality,
healthcare); industrial ( + manufacturing, agricultural);
and multi-family (5+units) properties
๏ How: Repaid via special property assessment over the
useful life of the improvements
8. ELIGIBLE IMPROVEMENTS
Projects that reduce energy or water usage or generate energy onsite.
Many of these measures can also make the property more resilient
Image source: http://pacenation.us/what-is-pace/
๏โฆand more!
10. ($1,200,000)
($1,000,000)
($800,000)
($600,000)
($400,000)
($200,000)
$0
$200,000
$400,000
0 1 2 3 4 5 6 7 8 9 10
Cumulative Cash Flow
Self-Funded Option Conventional Loan Option PACE Loan Option
โข Increase property value with no capital
investment by building owner
โข Generate positive cash flows immediately
FINANCIAL IMPACT OF TX-PACE
Example:
$1.1M Efficiency Upgrade
Savings $125K/yr
11. TX-PACE ACROSS THE STATE
โข + 40% of state population covered
โข Over $30 million of investment
โข More than 255 jobs created
โข 17 regions COUNTIES:
Brazos County
Cameron County
El Paso County
Fort Bend County
Hays County
Hidalgo County
Jefferson County
Navarro County
Nueces County
Tarrant County
Travis County
Willacy County
Williamson County
CITIES:
City of Amarillo
City of Dallas
City of Farmers Branch
City of Houston
12. TX-PACE PROJECT DIVERSITY
โข Urban and suburban
โข Commercial office, mixed-use, manufacturing,
non-profit, house of worship, hospitality, retail
โข Energy efficiency, water conservation,
distributed generation and demand
reduction/resiliency projects
โข Project sizes: $130,000 to $24,000,000
โข All received 100% financing
13. M e a s u r e s :
๏ H V A C
๏ L i g h t i n g
๏ I n s u l a t i o n
๏ R o o f i n g
๏ G l a z i n g
๏ P l u m b i n g
๏ I r r i g a t i o n
๏ E x t e r i o r W a t e r p r o o f i n g / P l a s t e r
A s s e s s m e n t To t a l : $ 2 4 M i l l i o n
A n n u a l S a v i n g s : 40% energy reduction
700,000 gallons of water; 3,500 metric tons CO2e
Butler Brothers Building
Dallas
15. M e a s u r e s :
๏ H V A C
๏ L i g h t i n g
๏ W a t e r
A s s e s s m e n t To t a l : $ 3 M i l l i o n
A n n u a l S a v i n g s :
2 4 M i l l i o n G a l l o n s
Simon Property Group
Travis and Williamson Counties
R O U N D R O C K O U T L E T S
R O U N D R O C K
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RESOURCES
๏ Program Guide and Technical Standards โ
https://www.texaspaceauthority.org/Documents/Program%20Guide.pdf?dl=0
๏ TX-PACE for the Business Community โ
https://www.texaspaceauthority.org/wp-content/uploads/Private-Sector-
092617.pdf
๏ TX-PACE for Disaster Recovery โ
https://www.texaspaceauthority.org/wp-content/uploads/Texas-PACE-
Program-Provides-Businesses-another-Tool-for-Disaster-Recovery_final.pdf
๏ TX-PACE Energy and Emissions Tracker โ
http://pace.harcresearch.org
๏ Events and Training โ
https://www.texaspaceauthority.org/event-directory/
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TX-PACE for Recovery
As many owners search for financial solutions to fix properties
damaged by Hurricane Harvey, Texas PACE Authority is working with
local governments to help communicate TX-PACE as an effective
recovery tool.
TX-PACE is transforming how developers, owners and contractors
look at projects, proving that there is a clear path forward to disaster
recovery, energy efficiency, distributed generation, water use
reduction and resiliency improvements.
Learn more about TX-PACE for Recovery
Editor's Notes
Free-market program
Government administrator does the rest of the work.
Lender collects the funds for the local government and has access to the local government if the financing is not repaid
Functions like a sidewalk or sewer assessment.Transfers upon sale
Non escalating
Eligible technologies must reduce energy/water consumption or demand OR onsite generation behind the customer meter
AND be permanently affixed