Property Assessed Clean Energy (PACE)

property assessed clean energy

When considering sustainable energy initiatives, Property Assessed Clean Energy (PACE) programs have emerged as a transformative financial tool. Specifically, in Texas, the TX-PACE program stands out, incentivizing property owners to enhance their facilities’ infrastructure without the burden of significant upfront costs.

Let’s delve into an overview of the TX-PACE program and highlight its distinctive features, with a particular focus on its impact on commercial installations.

Understanding Property Assessed Clean Energy

Property Assessed Clean Energy is a state-approved financial mechanism designed to encourage property owners in Texas to upgrade their facilities for improved energy efficiency, water conservation, resiliency, and distributed generation. The uniqueness of TX-PACE lies in its ability to empower owners with private, affordable, and long-term financing options—typically spanning 10 to 20 years.

TX-PACE caters to various property types, including commercial real estate, industrial real property, and multifamily residential real property with five or more dwelling units. This inclusivity extends to non-profit real properties like private schools, medical facilities, and churches, as well as privately owned agricultural real properties.

One of the key advantages of Texas’ property assessed clean energy is its ability to surmount traditional market barriers that often discourage investments in energy efficiency and water conservation improvements. Through the voluntary imposition of a senior lien on the property for the total project cost, property owners commit to repaying the TX-PACE assessment installments, fostering a conducive environment for sustainable investments.

TX-PACE operates as a land-secured assessment rather than a personal or business loan. The repayment, spread over time, is structured to exceed the project cost, resulting in cash flow-positive initiatives. Notably, the repayment obligation transfers to the next owner if the property changes hands, ensuring the longevity of the program’s impact.

Houston Solar Contractors Know The Ins-and-Outs

TX-PACE’s open-market approach allows a wide range of entities to offer PACE loans. Eligible lenders encompass federally insured depository institutions, insurance companies, registered investment companies, publicly traded entities, and private entities meeting specific criteria related to net worth and experience in relevant lending domains.

Property owners in Texas have a game-changing ally in TX-PACE. This proven financial tool not only facilitates the installation of commercial solar panels but also opens avenues for substantial commercial solar rebates.

With a focus on delivering a robust commercial solar ROI, TX-PACE empowers property owners to engage commercial solar installers confidently. As the concept of solar farming gains traction, TX-PACE stands as a driving force, exemplifying the positive impact that innovative financing can have on sustainable initiatives in the commercial solar sector.

Reach out to us today.

Texas Plastic

Sunshine Renewable Solutions to Help Formosa Plastics of Point Comfort, Texas, Achieve Sustainability Goals

Formosa Plastics is a major producer of polyethylene, polypropylene, and polyvinyl chloride resins, which are widely used in various industries worldwide. Recognizing its role in environmental stewardship, Formosa Plastics sought to collaborate with a reputable sustainability consultant who can provide solutions to reduce its impact on the environment.

Sunshine Renewable Solutions is a leading sustainability consulting firm that specializes in renewable energy and environmental sustainability. The company has a team of experts who help clients identify opportunities to reduce energy consumption, lower greenhouse gas emissions, and implement sustainable practices through solar power.

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Sunshine Renewable Solutions proudly partners with a leading Texas-based plastic manufacturer, embarking on a groundbreaking initiative to fortify its commitment to sustainability.

By integrating solar energy solutions, we're revolutionizing their environmental impact. Our collaborative efforts aim to construct a robust solar infrastructure, harnessing renewable energy to power their operations efficiently.

Together, we're spearheading a transformative shift towards renewable practices, demonstrating how solar power can drive industrial progress while prioritizing environmental responsibility. Sunshine Renewable Solutions is honored to work hand-in-hand with this industry leader, fostering a brighter, greener future through the strategic implementation of solar energy solutions.

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Creating The Foundation

As the foundational step in our partnership, the construction of concrete piers for the solar panel structure marks a pivotal milestone in our solar energy initiative. These concrete piers serve as the bedrock of support for the entire solar infrastructure, providing stability and durability essential for the efficient functioning of the solar array.

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Precision And Accuracy Are Paramount

Our engineering team meticulously plans and designs the layout of the piers, ensuring they are strategically positioned to uphold the solar panel array's weight and withstand environmental factors such as wind and inclement weather. We adhere to industry standards and best practices to create a robust foundation that guarantees the longevity and resilience of the solar installation.

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A Solid Foundation

Environmental considerations are taken into account throughout the construction process, ensuring minimal disruption to the surrounding ecosystem. Our commitment to sustainability extends beyond energy production to encompass responsible construction practices.

By establishing these concrete piers foundations, we are ready to start Phase 2, erecting the metal support bars. Enabling the subsequent installation of solar panels will power the plastic manufacturer's operations while significantly reducing their carbon footprint.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Slide
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Lorem Ipsum is simply dummy text of the printing and typesetting industry.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

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