The Texas Legislature is considering a bill to allow property assessed clean energy financing. the Texas PACE Bill filed as House Bill 1094 and Senate Bill 1094 would allow the use of municipal or third-party financing to be repaid through assessments on property much like ad valorem taxes.
PACE programs have been reported to be successful for energy efficiency upgrades to buildings and renewable eneryg, such as solar panels, on buidings in other states, such as California.
Commercial and residential buildings are one the major sources of energy use. With the challenges facing the Texas grid as demonstrated by a letter from the North American Reliability Corporation to the Electric Reliability Council of Texas, the need to conserve energy and use more distruted energy to take demand off of the Texas electrical grid is crucial.
We will see if the bill passes to open up more energy efficiency and renewable energy for buildings in Texas.