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FAQ

PACE-Flow

Our knowledgeable team will walk you through each step of the process, from initiation through proposal and finally to infrastructure upgrade.

Put simply, this innovative funding mechanism allows properties to upgrade infrastructure with no upfront capital. Also, because initial investment is rolled into the property value, remaining balance can be transferred with ownership.

PACE Benefits

Way is a proud member of Keeping PACE in Texas (KPT), a non-partisan, non-profit organization that assembled the Texas coalition to help get the PACE Act enacted in Texas on June 14, 2013. Way Companies Vice President, David Cooper, presented to city councils and Economic Development managers throughout the State of Texas resulting in the passage of several local PACE legislations.

Additionally, Congregation Beth Israel of Travis County became the first property in Texas utilizing PACE to fund improvements. Installation and upgrades were performed by the Way Companies and stand to accomplish a 20% reduction in energy usage.

Learn more.

Qualifying PACE improvements include permanent upgrades that result in decreased water or energy consumption.

Some examples include:
– Water recovery and conservation systems
– HVAC upgrades
– Lighting upgrades
– Energy controls
– Chiller/Boiler upgrades
and more.

note: Inclusions may vary depending on local legislation. Project’s useful life must exceed PACE agreement term.

Properties eligible for PACE funding include qualifying commercial or non profit properties, industrial properties, and certain multi-family residential properties. (Subcategories include, but are not limited to: private schools, agricultural properties, manufacturing facilities, hospitals and medical establishments, hotels, and worship facilities)