PACE Program Case Studies

PACE Program Case Studies

PACE (Property Assessed Clean Energy) is a simple and effective way to finance energy efficiency, renewable energy, and water conservation upgrades to buildings. PACE pays for 100% of a project’s costs and is repaid for up to 20 years with an assessment added to the property’s tax bill. PACE financing may stay with the building upon sale and is easy to share with tenants. State and local governments sponsor PACE financing to create jobs, promote economic development, and protect the environment.

Stellar International closed on first PACE project for a Commercial Office Building in Houston, Texas. 1225 North Loop West, which is managed by Stellar International will benefit from significant equipment upgrades using PACE. Certified studies indicate that this PACE project will create an annual savings of over 1.5 million KWH and 2.9 million dollars over 20 years.

PACE introduces a new solution for building upgrades, at no additional out of pocket cost to the owner. The savings in Energy costs will pay for the upgrades while leading the path to a Greener Future. -Seth Eslami, VP of Stellar International

PACE Program Case Study

1225 N. Loop West PACE Program Management ROI

  • Increased Net operating income by Income by 35%
  • Increased Average Rental Rate by $2 PSF
  • Renegotiated most service agreements and increasing values
PACE Program

1225 N. Loop West Building Improvements

Full management and development of major upgrades such as:

 Installation of 2 New Chillers, including Pumps & VFDs

 Upgrading Building Automation System to the most advanced system in the market

 Replacing entire building’s lighting with LED light fixtures

 Installation of VFDs for all Air-handlers

 Upgrading Chill Water Actuators from Pneumatic to Digital

PACE Program

Typical Examples of Qualified Improvements

  • High efficiency chillers, boilers, and furnaces
  • Systems to capture, treat and use other on-site sources of water (condensate, rainwater, reverse osmosis reject water, etc.)
  • High efficiency lighting
  • Water conservation equipment
  • Wastewater onsite reuse systems
  • Energy management systems
  • Insulation & air sealing
  • HVAC systems
  • Energy recovery & redistribution systems
  • Greywater systems
  • High efficiency toilets
  • Waterless urinals
  • Solar hot water
  • Solar photovoltaics

source: https://www.texaspaceauthority.org/commercial/

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    Stellar International Commercial Real Estate LLC is a privately held commercial real estate company in Houston, Texas. We are a diverse group of innovative individuals, who as a team are committed to developing and implementing ideas and strategies in the commercial real estate market.

    ADDRESS

    1225 N. Loop West, Houston TX 77008

    PHONE

    +1 (713 ) 863-8366

    EMAIL

    info@stellaricre.com