The Houston EEB Finance committee was formed to identify EEB financing options and tools; and to develop strategies to promote, pilot and scale their use with building owners in the Houston area.

Finance

Short-term Goals

  • Develop and implement a strategy with the City of Houston to promote the Keeping PACE in Texas program through providing stakeholder support and education – to ensure that potential participants understand how PACE works and how they can participate.
  • Create case studies that illustrate the business case for EEB.

Mid-term Action Plan and Goals

  • The committee is developing an action plan to promote the adoption of the ICP certification into the Houston market.
  • An action plan to create an energy efficiency project planning framework is also being developed (containing project planning checklists, business case templates and other project development tools suitable for any energy efficiency project). This framework will be shared through the communications committee and will help building owners to develop EEB projects in Houston that can be presented to investors.
Finance

Current Progress

 

Property Assessed Clean Energy (PACE) Financing

PACE is an innovative financing program that enables owners of commercial and industrial properties to obtain low-cost, long-term loans for water conservation, energy-efficiency improvements, and renewable retrofits. 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. Learn more at Keeping PACE in Texas.

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