Lower Rio Grande Valley 2020 PACE Forum
Learn how the LRGVDC PACE Program can help businesses increase operating income from existing facilities.
To date over $125 million in PACE investment in energy and water saving improvements to commercial revitalizing vacant and underutilized buildings throughout Texas. The Valley is an area rich with opportunities for redevelopment with long-term, low-cost PACE financing in the capital stack. Many commercial, industrial, and multifamily properties across the Valley can take advantage of the LRGDVC’s PACE program.
Join us for an interactive conversation about the TX-PACE program. A panel of subject matter experts will share what Texas Property Assessed Clean Energy (TX-PACE) is and will discuss case studies to show how it is lowering operating costs and financing energy efficiency, water conservation, distributed generation and resilience upgrades across the state. How PACE financing is being combined in a capital stack with historic tax credits, opportunity zone financing, new market tax credits and other economic incentives will be demonstrated using case studies.
This forum is a unique opportunity to learn about the PACE financing mechanism and how it can benefit your business or property.
WHAT IS PACE? Property Assessed Clean Energy (TX-PACE) is a proven financial tool that incentivizes Texas’ property owners to upgrade facility infrastructure with little or no capital outlay. The Valley PACE Program was approved by State legislation and established by Cameron, Hidalgo and Willacy Counties and administered by the Lower Rio Grande Development Council (RGVDC) in 2016. TX-PACE programs enable owners to lower their operating costs and use the savings to pay for eligible water conservation, energy efficiency, resiliency, and distributed generation projects. Owners gain access to private, affordable, long-term (typically 10-20 years) financing that is not available through traditional funding avenues.