National PACE 75% Compound Rate of Growth is Impressive

While PACE is new to Texas and we are somewhat insulated from other states, especially "green" ones (as opposed to red or blue ones), in 2015 according to the National PACE organization PACENation, "PACE provided $93 million in financing for energy upgrades to over 140 commercial buildings."  But what is even more impressive is the growth rate - since 2009, the compound annual rate of growth in PACE deals is over 75%. Since inception, 734 properties have been financed for a total volume of $230 million. This growth is centered in Retail, Office, Industrial and Hospitality. While Non-profit represents a smaller percentage of the deal volume, there is strong interest among the sector. 

This growth is balanced slight more towards "energy efficiency" than "renewables", with the notable exception of the agricultural sector that is heavily weighted towards renewables. The majority of the volume is from projects that are in excess of $750,000. 

 Source: PACENation May 5, 2016

Source: PACENation May 5, 2016

 Source: PACE Nation May 5, 2016

Source: PACE Nation May 5, 2016