So why change the current system?

The current expansion of the PACE program one local government at a time is inefficient, is burdensome to local governments, and is beginning to strain the commitment to the core principles of the PACE in a Box model program.

SB 1281 will protect the PACE in a Box goals of uniformity, ethical administration, high bar of UNIFORM underwriting and technical standards, one set of documents, ensuring that investment capital is focused solely on energy and water saving measures, ensuring that the PACE program is available across Texas.

Colorado took the TX-PACE in a Box model to the next level by issuing an RFP for a state-wide program administer reporting to the Colorado Energy Office in the Governor’s Office and counties desiring to participate can opt into the program. This is a good evolution for a Texas-sized economic development tool.