Introducing PACE in Texas. Austin – San Antonio Chapter January 28, 2014. About Me. Cliff Braddock Business Development Consultant Pepco Energy Services PACE: Technical Standards Committee Contact me at: [email protected] What I’ll Cover, What You’ll Learn. Outline.
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Austin – San Antonio Chapter
January 28, 2014
Financing has stood in the way of what most recognize as being the right thing to do in terms of efficiency improvements and conservation
PACE addresses both!
Macro-level Air Quality (outdoors)
Each PACE project that has an energy generation component (solar, CHP, geothermal, wind, etc..) helps outdoor air quality by directly offsetting energy needing to be generated by traditional (fossil fuels) methods which contribute to air pollution.
Micro-level Air Quality (indoors)
Each PACE project that involves air sealing (ducts and ‘building envelope’) in buildings helps people’s health as enormous amounts of time are spent indoors breathing ‘conditioned’ air.
“More than 1,000 people…move to Texas every day.” Gov. Rick Perry, 12/29/2012.
PACE: Property Assessed Clean Energy, SB 385
The PACE statute, SB 385, authorizes municipalities and counties in Texas to work with private sector lenders and property owners to finance qualified improvements using contractual assessments voluntarily imposed on the property by the owner.
Water conservation systems
Wastewater recovery and reuse systems
Systems to capture and use alternate, on-site sources of water (A/C condensate, rainwater, Reverse Osmosis reject water, foundation drain water, etc.)
On-site improvements to accommodate the use of municipally reclaimed water
Water management systems and controls (indoor and outdoor)
Switching from water cooled systems to air or geothermal cooled systems
High efficiency irrigation equipment
A building owner (office building, store, factory, barn, church, apt. complex, etc.):
If the owner, building, and project all meet PACE requirements:
Source: Institute for Building Efficiency
No down payment and costs spread over time w/ savings
Scarce internal capital budget
No access to, aversion to financing
PACE obligation transfers to the new owner upon sale
Uncertain holding period
Owner / tenant split incentives
Qualifies as NNN pass-thru cost
ESCO/contractor can guarantee savings – OR - a third party can insure performance
Skepticism savings/ROI will be realized
Conservation drives efficiency, efficiency drives profit.
Source: SF PACE program and PACENow.org
Nationally, as of November 2013
“PACE in a Box” is a toolkit of recommendations and templates for counties and municipalities to: