TX-PACE Program – City of Amarillo

TX-PACE Program – City of Amarillo is sponsored by City of Amarillo (administered in partnership with Texas PACE Authority). The TX-PACE program in Amarillo offers property owners low-cost, long-term financing for projects that improve water conservation, energy efficiency, renewable energy, and resilience.

Property Assessed Clean Energy - City of Amarillo For inquiries about available incentives and project qualification, contact: Assistant Director of Planning drew. brassfield@amarillo. gov texas pace program details TX-PACE Program – City of Amarillo The TX-PACE program in Amarillo offers property owners low-cost, long-term financing for projects that improve water conservation, energy efficiency, renewable energy, and resilience.

Adopted on September 5, 2017, the program was established under the Texas Property Assessed Clean Energy Act (Chapter 399, Local Government Code). Available to commercial, industrial, and multifamily properties. Allows property owners to finance retrofits through private lenders with repayment via property assessments.

Financing terms of 10-20 years, making it an affordable option compared to traditional funding. The property owner voluntarily agrees to an assessment placed on the property in exchange for project financing. The City of Amarillo partners with the Texas PACE Authority as the program’s third-party administrator.

Learn More: Visit the Texas PACE Authority for FAQs, case studies, financing tools, and event information. City of Amarillo PACE Report State Energy Conservation Office (SECO) For inquiries or to apply, contact Texas PACE Authority at 855-738-7223. The Barfield Building, constructed in 1926, was the first PACE project in Amarillo.

The historic 10-story building has been revived into a boutique hotel with 109 rooms. After the renovation of the 73,307 square feet area, it is now energy and water-efficient, thanks to the PACE program. The completed hotel, located at the intersection of Polk St and 6th St (Route 66), plays a significant role in the revitalization of downtown Amarillo.

The groundbreaking for the project took place on March 6, 2019. Select A Language to Translate This Page The City of Amarillo offers translations of content on Amarillo. gov through the Google Translate web translator (translate.

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City of Amarillo: Property Taxes Rebated Per Year by Agreement Type The chart shows the dollar amounts of property taxes rebated per year over the last five fiscal years, broken down by agreement type. There were no Chapter 380 property tax rebates in the first two years listed. The total amount increased slightly each year, with a more significant increase in the most recent year.

Numerical values presented on the image: The bar chart shows the amount of property taxes rebated in the past five fiscal years, broken down by agreement type. The horizontal axis shows each of the past five fiscal years and the vertical axis shows the dollar amount rebated. For each fiscal year there is vertical column, comprised of two stacked columns, each of which representing the different agreement types.

City of Amarillo: Number of Tax Abatements Granted Per Year The chart shows the number of businesses that received a tax abatement from the City of Amarillo in the past five fiscal years. The 2020/21 and 2021/22 fiscal years each had four active abatements, 2022/23 had five, and 2023/24 and 2024/25 each had seven.

Numerical values presented on the image: Active Abatements Per Year The bar chart shows the number of businesses that received a tax abatement from the City of Amarillo in the past five fiscal years. The horizontal axis shows each of the past five fiscal years and the vertical axis shows the number of active abatements each year. Each year has one column, with the height indicating number of active abatements in that year.

Amount of Taxes Abated Per Year The chart shows the dollar amounts abated over the past five fiscal years from Chapter 312 tax abatement agreements. Each fiscal year shows a larger dollar amount abated, with minor growth over the first three years, a higher increase in the fourth year, and minor growth again in the fifth year.

Numerical values presented on the image: Taxes Abated by City of Amarillo Total Abated by All Entities Including City of Amarillo The bar chart represents the amount of taxes abated over the past five fiscal years. The horizontal axis shows each of the past five fiscal years and the vertical axis shows the dollar amount abated.

The bar representing taxes abated by the City of Amarillo is sightly offset to the side of the bar representing the amount abated by all participating tax entities for each fiscal year. This shows that the amount abated by the City of Amarillo is a part of the total amount abated by all entities.

City of Amarillo: Taxes Rebated Per Year by Type This chart shows the dollar amounts rebated by the City of Amarillo from economic development incentive agreements over the past five fiscal years. Each year is broken down by rebate type, including property tax rebates, hotel occupancy tax rebates, and sales tax rebates.

Each fiscal year shows a slight increase in total dollars rebated, with a more drastic increase in the most recent fiscal year. Numerical values presented on the image: Hotel Occupancy Tax Rebates The bar chart represents the amount rebated by the City of Amarillo for each type of tax rebate over the past five fiscal years.

The horizontal axis shows each of the past five fiscal years and the vertical axis shows the dollar amount rebated. The different rebate types are stacked vertically in each fiscal year, with the height representing the total dollar amount rebated.