en-USes-MX
Hot Topics

Williamson County TX-PACE Program Facilitates Private Funding Option for Property Upgrades

  • 8 February 2018
  • Author: Doris Sanchez
  • Number of views: 3504
  • 0 Comments

Owners of eligible commercial, industrial, agricultural, nonprofit, and multifamily facilities can use the Williamson County TX-PACE program to pay for energy and water saving improvements including new heating and cooling systems, lighting, solar panels, water pumps, insulation, roofs, windows, water fixtures, irrigation, and more.  Capital-intensive projects provide an immediate increase to net operating income and investing in efficiency becomes a business-savvy proposition. Capital and credit lines are maintained, and owners retain their available capital for revenue-generating items including employees, technology, products, and growth.

Williamson County’s TX-PACE program is based on the PACE in a Box model and administered by Texas PACE Authority, a nonprofit organization that currently administers this model program in all of the established Texas PACE regions.  This successful model is market-based and flexible, providing the lowest possible administrative cost and highest level of consumer protection, allowing owners to do business with the parties of their choosing. Program administration is provided at no cost to the local government and is funded through user fees and grants.

1225 North Loop Investments Financing Scenario

Comparison Summary

Self-Funded Conventional Loan PACE

Out-of-Pocket Investment

($1,300,000)

($260,000)

$0

Savings (First Year)

$200,000

$200,000

$200,000

Annual Payment

$0

($282,803)

($118,437)

Cash Flow Impact Year 1

($1,100,000)

($342,803)

$81,563

Net Project Cash Flow Year 2

($900,000)

($425,607)

$163,126

Years to Positive Project Cashflow

6.5

8.4

IMMEDIATE

Debt Service Over Finance Term

0

($1,414,017)

($2,368,742)

10-Year Project NPV

$172,017

$20,747

$600,310

Property Value Increase (20-Year NPV)

$993,984

$842,714

$935,520

For more information, visit https://www.texaspaceauthority.org/williamson-county

Print
Categories: Hot Topics
Tags: