Texas Property Assessed Clean Energy (PACE) Program is a simple and affordable way to finance energy and water efficiency upgrades for commercial properties. PACE provides low cost, long-term, 100% financing for these qualified “Green” improvements. Eligible upgrades are financed over time through a voluntary property tax assessment attached to the property. PACE improvements add value to the property and reduce utility bills with the upgrades typically paying for themselves with positive cash flow over time.
Lone Star PACE provides energy efficiency, renewable energy and water conservation improvements to existing properties while generating tangible benefits to property owners, local governments, contractors and the community as a whole. PACE financing requires lender consent for any existing mortgage and the assessment is attached to the property. This provides flexibility as the assessment can either be paid off or assumed by the new owner in the event of a property sale. Please contact the Fort Bend Economic Development Council for more information or to begin the application process.
Most cities within Fort Bend County offer incentive packages to qualified companies as well. Companies are encouraged to contact city representatives for information on what is available in each municipality.
Workforce training and other area and state assistance may be available, and FBEDC staff can direct companies to available local resources.
The FBEDC will assist with other areas and state assistance if applicable.
Please reach out to the EDC staff at 281-240-0000 or firstname.lastname@example.org for further information.