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Property Assessed Clean Energy (PACE) is a non-profit business association organized for the specific purpose of promoting legislation in Texas to facilitate loans throughout the state. PACE is an innovative program that provides low-cost, long-term financing for energy efficiency retrofits and improvements to existing structures on all types of commercial, industrial, and residential properties. PACE loans will enable Texans to save substantial amounts in energy costs, upgrade and enhance the value of existing structures, and create thousands of jobs.