Lone Star PACE Approved as Administrator for Brazos County C-PACE Program

Lone Star PACE, a leading administrator of Texas’ Commercial Property Assessed Clean Energy (C-PACE) program, is proud to announce the addition of Brazos County to its list of approved jurisdictions.

Brazos County Commissioners Court unanimously approved the firm as a program administrator during its Nov. 19 meeting. Lone Star PACE can now partner with property owners in Brazos County to implement C-PACE financing, which supports resource conservation by helping fund energy and water-efficient upgrades at commercial buildings.

Lee McCormick, president of Lone Star PACE, said: “We could not be more thrilled to join Brazos County as an administrator of its Commercial Property Assessed Clean Energy program. The expansion of its existing program will bring more jobs and prosperity to fast-growing Brazos County while also reducing strain on the state’s energy and water resources.”

Lone Star PACE is an authorized C-PACE program administrator in 23 cities and counties across Texas. The company works closely with property owners, municipalities and capital providers to facilitate the C-PACE process, which has resulted in $300M in C-PACE assessments for projects worth a collective $1.5B.

Glenn Silva, COO of Lone Star PACE, said: “Demand for C-PACE financing has exploded in recent years due to capital markets dislocation happening alongside a renewed focus on sustainability in commercial real estate. Brazos County’s commitment to C-PACE ensures it will have adequate resources to support its growing population, and we are honored to be part of the area’s promising future.”

Commercial Property Assessed Clean Energy allows property owners to access low-cost, long-term financing for energy and water conservation systems at commercial buildings. Property owners can use C-PACE to finance new construction, renovations, retrofits or recapitalizations.