Historic Buildings or Energy Efficiency? Texas Gets Both, with TX-PACE Financing

Older buildings reflect the culture and history of a community, but typically are highly inefficient. Such was the case with the Butler Brothers Building in Dallas, a previously-abandoned 1910 structure that was often referred to as an eyesore. Through the Texas PACE Authority’s “PACE in a Box” model, Alterra International, real estate developer, was able to secure $23.9 million in PACE financing for upgrades that slashed carbon pollution, cutting energy use by about 40 percent and annual water use by almost 700,000 gallons.

http://blogs.edf.org/energyexchange/2017/10/03/historic-buildings-or-energy-efficiency-texas-gets-both-with-innovative-financing/?utm_source=email&utm_campaign=energyex_cleanenergy_upd_engy&utm_medium=email&utm_id=1507042628&utm_content=kzerrenner