PACE, Property Assessed Clean Energy, is an innovative financing program that enables commercial, industrial, large multi-family, and agricultural property owners to obtain low-cost, long-term financing for water conservation, energy- efficiency, and renewable energy projects.

Participants then repay those loans through a property assessment imposed by the local government at the request of the property owner.

Galveston County is planning to hold a public hearing on a resolution to establish a PACE Program in the county on January 14, 2018.