Feb 1, 2017
Texas PACE legislation authorizes PACE funding for the installation of Qualified Improvements. Qualified Improvements must: Be permanently fixed to the real property; Have a demonstrated capacity to decrease Water consumption or demand; and/or Energy consumption or demand (Includes renewables and distributed generation products or devices on the customer’s side of the meter that use energy […]
Feb 1, 2017
Properties that are statutorily ineligible for PACE assessments include: Facilities for undeveloped lots or lots undergoing development at the time of the assessment; and Government owned real property.
Feb 1, 2017
The PACE Act permits PACE assessments to be placed on property that is: Privately owned commercial real property – including not-for-profit real property such as private schools, medical facilities, churches, etc.; Privately owned industrial real property; or Privately owned residential real property with five or more dwelling units. Any of these properties must also: Be […]