TEX•COTE® Qualifies for PACE Financing
March 27, 2018
The Property Assessed Clean Energy (PACE) Program is a finance program that funds residential and commercial projects utilizing energy-efficient products that meet certain criteria and guidelines. Through our network of authorized dealers, TEX•COTE® customers are using this program to finance jobs all over the country. This type of finance program is a benefit to our customers, especially with changing regulations consistently occurring all over the country. This week, we’re going to tell you more about PACE financing and how TEX•COTE® products qualify.
What is PACE?
According to PACENation, the PACE Program “is a simple and effective way to finance energy efficiency, renewable energy, and water conservation upgrades to buildings.” This program creates value for homeowners and property owners alike because they can finance improvements made to their residence or building. There are specific requirements that must be met in order to qualify for PACE financing, as the program seeks to save people money and promote a cleaner, safer environment. Not all products will qualify simply because they claim their products are not harmful to the environment.
What improvements are financed?
Improvements may vary by location, but many states have now approved PACE financing for energy-efficient products used on buildings and homes. A notable example of this is adding solar panels to your home or building. But what about other improvements made to your home, commercial building, or structure? For instance, ordinary paint does not qualify, whereas the TEX•COTE® COOLWALL® system for exterior walls and trims as well as REFLECT-TEC® roof coating products do qualify. Textured Coatings of America® manufactures energy-efficient coatings that have been tested and proven effective by the United States Department of Energy. To qualify for the PACE programs, TEX•COTE® COOLWALL® and REFLECT-TEC® had to provide extensive data on reflectivity and energy savings. The TEX•COTE® COOLWALL® Coating System also has a sustainable extended life cycle and has a lifetime product warranty when used in a residential application.
Do TEX•COTE® Products Qualify?
Our products are backed by science and also qualify for PACE financing because of their green qualities. TEX•COTE® COOLWALL® Coating Systems eliminate the need to constantly repaint and are proven to lower exterior surface temperatures, which reduces interior cooling costs. Our products have the PACE stamp of approval because they meet the PACE energy standards and are instrumental in reaching the end goal: helping the environment. We could not be prouder of making a positive impact on the environment.
What types of properties are eligible and what are the benefits?
Homes and commercial buildings are eligible for PACE financing so long as they are making improvements with products that meet their requirements and are in a state or country where the PACE programs have been approved. PACENation references various benefits of using the program because it covers all the costs associated with upgrading your home or commercial building and can save you money long-term. The improvements made stay with the property, enhancing its value and marketability. PACE-financed properties also enjoy peace of mind knowing they are making a positive impact on the environment by reducing the carbon footprint.
Become a part of the TEX•COTE® COOLWALL® story today and make a positive impact on the environment while reducing energy consumption, saving money on energy costs, and eliminating the expense of constantly repainting. Contact us to learn more about our products, services, or becoming an authorized applicator or dealer today!