MARFA — At last Wednesday’s meeting, the Presidio County Commissioners Court voted to start a program in coordination with the Texas PACE (Property Assessed Clean Energy) program, which brings counties and private lenders together to help home and business owners finance improvements that will help make their properties more eco-friendly and –– in the long run, less expensive to maintain.
The program targets upgrades that will reduce water and energy consumption, with a wide variety of applications ranging from new roofs and windows to solar panels and rainwater collection systems. The program works by connecting property owners with third-party lenders to offer a low-risk loan bolstered by a property lien enforced by the local taxing entity with a PACE agreement.
Anyone in a city or county with a PACE agreement can apply, ranging from multi-million dollar investments in big city hotels to…
