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Published byMonica Tyler Modified over 9 years ago
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PACE APPLICATION PROCESS HOW TO PUT TOGETHER A PACE PROJECT
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PREPARING A PACE PROJECT
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ELIGIBILITY PROPERTIES Commercial Includes Industrial, Agricultural, Multifamily w/>5 units, Nonprofits No New Buildings PROPERTY OWNERS Privately Owned (No Government Property PROJECTS Energy/Water Efficiency Permanently affixed
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USE OUR ELIGIBILITY SCREENING TOOL
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Decide on a Project Select a Lender ITPR Mortgagee Consent Select A Contractor Prepare Application Install and Verify Closing
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Decide on a Project
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Insulation High-efficiency windows or doors Automated energy control systems HVAC modification or replacement Caulking, weather- stripping or air sealing Light fixture modifications Water use efficiency improvements Energy- or water-efficient manufacturing processes and/or equipment Solar panels Solar hot water Gray water reuse Rainwater collection system
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Select a Contractor
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PACE Listing on GBM
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Select a Lender
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Lender List
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Prepare Application
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ADMINISTRATION COSTS $500 APPLICATION FEE 1% ORIGINATION (MIN. $2500) Paid at closing 0.25% ANNUAL RESIDUAL Factored as a component of the interest rate
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Savings to Investment Ratio (SIR) SAVINGS: Total Energy/Water savings over the life of the project INVESTMENT: Total amount of assessment (Financing amount)
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Select an Independent Third Party Engineer (ITPR)
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Get Mortgagee Consent
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Close on Financing
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Required Contracts Owner and County Lender and County Assessment Lien Mortgagee Consent (If Applicable)
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Install Project and Verify
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PACE TOOLS AND RESOURCES
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Other Website Tools http://www.texaspaceauthority.org
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