Property Assessed Clean Energy (PACE)

PACE Act

Passed by the Texas legislature in 2013, the PACE Act created an innovative financing tool that allows owners of commercial, industrial, nonprofit, and large multi-family residential properties to access low-cost, long-term loans to make energy efficiency and water conservation improvements to real properties.

It allows a local government the ability to designate an area within its legal jurisdiction where record owners of commercial, nonprofit, industrial and large multi-family residential real property may gain access to this financing tool.

Since the establishment of the PACE Act in Texas, over 100 PACE programs have been established, facilitating 91 projects with a cumulative investment of over $500 million.

PACE Program

On February 20, 2020, the City entered into an interlocal agreement with the Alamo Area Council of Governments (AACOG) to serve as the third-party administrator for the City’s PACE Program.

AACOG collaborates with the City to market and inform the public about the PACE program. It issued an request for proposals (RFP) for a professional services contractor to assist with the PACE Program’s administrative duties.

Texas PACE Authority (TPA) was selected to support AACOG’s work. TPA is a nonprofit organization with a proven track record of administering PACE programs in multiple municipalities. There is no cost associated with the PACE Program for the City; they are paid through commissions on projects completed.

On March 5, 2020, City of San Antonio City Council officially established the PACE program within the city limits.

PACE Program

Resources

PACE Full Report(PDF, 914KB)

Outlines PACE details and logistics, including its financial structure and contract templates.

PACE Interlocal Agreement and Associated Amendments(PDF, 183KB)

Detail the function of AACOG as the third-party administrator.