pace application process how to put together a pace project
TRANSCRIPT
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PACE APPLICATION PROCESS
HOW TO PUT TOGETHER A PACE PROJECT
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PREPARING A PACE PROJECT
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ELIGIBILITY
P R O P E RT I E SC o m m e r c i a l
I n c l u d e s I n d u s t r i a l , A g r i c u l t u r a l , M u l t i f a m i l y w / > 5 u n i t s , N o n p r o fi t s
N o N e w B u i l d i n g s
P R O P E RT Y O W N E R S P r i v a t e l y O w n e d ( N o G o v e r n m e n t
P r o p e r t y
P R O J E C T S E n e r g y / W a t e r E ffi c i e n c y P e r m a n e n t l y a ffi x e d
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USE OUR ELIGIBILITY SCREENING TOOL
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Decide on a Project
Select a Lender
ITPRMortgagee
Consent
Select A Contractor
Prepare Application
Install and Verify
Closing
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Decide on a
Project
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InsulationHigh-efficiency windows or doorsAutomated energy control systemsHVAC modification or replacementCaulking, weather-stripping or air sealingLight fixture modifications
Water use efficiency improvementsEnergy- or water-efficient manufacturing processes and/or equipmentSolar panelsSolar hot waterGray water reuseRainwater collection system
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Select a Contractor
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PACE List ing on GBM
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Select a Lender
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Lender L ist
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Prepare Application
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ADMINISTRATION COSTS
$ 5 0 0 A P P L I C AT I O N F E E
1 % O R I G I N AT I O N ( M I N . $ 2 5 0 0 ) P a i d a t c l o s i n g
0 . 2 5 % A N N U A L R E S I D U A L F a c t o r e d a s a c o m p o n e n t o f t h e
i n t e r e s t r a t e
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Sav ings to Inves tment Rat io (S IR )
SAVINGS:Total Energy/Water savings over the life of the project
INVESTMENT:Total amount of assessment (Financing amount)
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Select an Independen
t Third Party
Engineer ( ITPR)
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Get Mortgagee
Consent
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Close on Financin
g
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Requ i red Cont rac tsOwner and CountyLender and CountyAssessment LienMortgagee Consent (If Applicable)
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Instal l Project and Veri fy
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PACE TOOLS AND RESOURCES
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Other Website Tools
h t t p : / / w w w . t e x a s p a c e a u t h o r i t y . o r g
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