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City of Amarillo invites public to learn about PACE program


On Wednesday, Dec. 6 from 4:30 to 6 p.m., the City of Amarillo and Texas PACE Authority invites developers, property owners and managers, lenders, and community leaders to attend a reception to learn more about the new Amarillo PACE program. The reception and open house will take place at the Amarillo Civic Center Complex, Hospitality Room, accessible through Entrance 7 located at 401 S. Buchanan St.

TX-PACE (Texas Commercial Property Assessed Clean Energy) is a proven financial tool that enables Texas property owners to upgrade facility infrastructure with little-or-no upfront capital outlay. The program is designed so that owners lower their operating costs and pay for eligible improvements with the savings generated, taking advantage of affordable, long-term financing. TX-PACE can be used to pay for new heating and cooling systems, lighting improvements, solar panels, water pumps, insulation and more, for existing properties – including commercial, industrial, agricultural, nonprofit and multifamily.

The Amarillo City Council approved the PACE program for use in the city limits and extraterritorial jurisdiction (ETJ) on Tuesday, Sept. 5. There are no City of Amarillo funds involved in this program, as projects are funded by private dollars where property owners interested in the program select their own capital provider.

To RSVP for the reception, please visit https://goo.gl/oQg7fi to access the Eventbrite signup page. Refreshments will be available. This reception is sponsored by Petros PACE Finance, Greenworks Lending & Counterpointe SRE. For more information, please contact Texas PACE Authority Regional Program Manager Bridget Branch at (855) 738-7223.

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