Property Assessed Clean Energy (PACE)
On March 5, 2020, City of San Antonio City Council officially established the Property Assessed Clean Energy (PACE) program within the city limits.
Passed by the Texas legislature in 2013, the Property Assessed Clean Energy (PACE) Act created an innovative financing tool that allows owners of commercial, industrial, nonprofit, and large multi-family residential properties access to low-cost, long-term loans to conduct energy efficiency and water conservation improvements to real property. Since the establishment of the PACE Act in Texas, over 35 counties and cities have implemented the program in their jurisdictions resulting in 26 executed projects valued at over $100 million in loans.
The PACE Act 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.
In order to administer the program, the City entered into an Interlocal Agreement with the Alamo Area Council of Governments (AACOG) on February 20, 2020, for them to serve as the third-party administrator. AACOG will work in collaboration with the City to market and inform the public about the PACE program. Upon AACOG being selected as the third-party administrator, they issued a RFP for a professional services contractor to assist with the administrative duties. Texas Pace Authority (TPA) was selected as a result of the solicitation. TPA is a nonprofit organization with a proven track record of administering PACE programs in multiple municipalities.
For any inquiries regarding PACE, please email Elizabeth Cook with AACOG, or Isaac Bernal with the City of San Antonio.
The following document is the full report which outlines PACE details and logistics, including its financial structure and contract templates.
PACE Full Report
The following document is the Interlocal Agreement with AACOG to function as the Third-Party Administrator.
PACE Interlocal Agreement