💰 Deaf Smith County Launches Voluntary PACE Energy Program

Deaf Smith County has approved a new Property Assessed Clean Energy (PACE) Program under Texas Local Government Code Chapter 399. This program helps owners of commercial, industrial, and multifamily properties with five or more units make energy and water efficiency upgrades using private financing—no public funds are involved.

Property owners can receive 100% financing for qualified improvements such as high-efficiency HVAC systems, lighting, boilers, water systems, renewable energy equipment, and irrigation upgrades. The loan is repaid through a property assessment that stays with the property if it’s sold. Participation is completely voluntary.

The program follows the statewide “PACE in a Box” model and will be managed by an Authorized Representative, such as Lone Star PACE LLC, under contract with the county. This representative will handle applications, verify technical and financial standards, and maintain program documents.

Eligible lenders include banks, insurance companies, investment firms, and private entities with at least $5 million in net worth and three years of lending experience. Property owners must get written consent from their mortgage holders before joining.

PACE loans cannot last longer than the useful life of the improvements. Independent engineers must confirm expected savings before and after installation. The county carries no financial risk, and all costs are paid by participants.