⚠   Property owners: 179D deadline June 30  ·  Solar ITC safe harbour July 4  ·  AI operators: 100% bonus depreciation on qualifying infrastructure is permanent  ·  Contact us today.

Lower Your Cost of Capital.
Capture Every Incentive.
Deploy with Confidence.

Our team brings together commercial real estate finance, energy infrastructure, and AI systems expertise. We orchestrate incentives, structure capital stacks, find and convert compute sites, and build the business case for owned infrastructure across Texas.

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3
Connected Advisory Practices
15
Incentive Layers Orchestrated
5 MW
Compute Site Scale Advised
100%
Bonus Depreciation on Qualifying Assets

Three Practices. One Capital Strategy.

Every practice is connected by the same underlying question: how do you deploy capital into physical infrastructure at the lowest possible cost? Whether the asset is a hotel, an office conversion, or a compute facility, the same financing tools, tax incentives, and capital stack logic apply. Most clients find opportunities across two or three practices simultaneously.

Energy Incentive Advisory

We identify, stack, and manage all applicable federal and Texas incentive programmes for commercial property owners, sequenced correctly so every dollar is captured and no deadline is missed.

  • C-PACE financing up to 35% of appraised value at approximately 7.5%
  • Section 179D deductions up to $5.94/sq ft
  • ITC and BESS ITC: 30% direct tax credits
  • CenterPoint/Oncor rebates: $175/kW + $0.06/kWh
  • Chapter 312 tax abatements and TIF/TIRZ capital
  • ENERGY STAR and LEED certification management
  • Three-component property value uplift model
AI Infrastructure Site Advisory

We identify, evaluate, and transact Class B office conversions and commercial sites for AI companies and neocloud operators deploying owned compute infrastructure in Texas. Initial site screening carries no upfront fee. We earn on the transaction and conversion, fully aligned with your deployment.

  • Site identification: 100 kW to 5 MW scale conversions
  • C-PACE and utility incentives applied to conversion costs
  • Owner's representative through construction
  • BESS, solar, and EV charging integrated from design
  • Bonus depreciation: 100% on qualifying data center assets
  • Full contractor ecosystem referral stack
  • Houston, Dallas, and West Texas ERCOT markets
AI Compute Risk Advisory

We help AI companies evaluate the financial risk of continued cloud dependency versus owned infrastructure. We build the business case for a hybrid or fully owned compute strategy. The initial 20-minute scoping call and preliminary analysis are free. Deeper engagements are scoped and quoted on project.

  • Cloud spend analysis and break-even modelling
  • GPU infrastructure TCO vs cloud cost comparison
  • ERCOT grid capacity and reliability assessment
  • Power purchase agreement and utility rate negotiation
  • Site power density and cooling feasibility review
  • Capital stack optimisation: C-PACE + ITC + bonus dep
  • West Texas / Abilene grid reserve margin analysis

A Distinct Process for Each Practice

Each practice follows its own structured engagement. Select a practice to see how we work from first contact to verified outcome.

From site visit to closed incentive stack in 48 hours. Our hybrid protocol uses drone thermal imaging, Matterport 3D scanning, and AI-powered analysis.
1
75-Minute Site Assessment
Matterport interior scan, 12 months of utility bills, drone exterior thermal. You get a one-page analysis in 48 hours.
2
Stacked Incentive Analysis
All 15 applicable programmes identified, sequenced, and quantified. C-PACE LTV calculated on current appraised value.
3
Pre-Approval Coordination
CenterPoint or Oncor pre-approval submitted before any equipment purchase. 179D and ITC safe harbour preserved before deadlines.
4
Application Management
C-PACE origination, contractor introductions, ENERGY STAR submission, LEED coordination. You focus on your property.
5
Verified Outcome
Advisory fee is 3 to 4% of verified year-one benefits, payable only after you have received them. Typical return: 27x the fee.
From compute requirement to operational owned infrastructure. We identify the site, structure the capital, and manage construction as your owner's representative.
1
Compute Requirement Scoping
Define power density, rack count, cooling load, and growth horizon. Establish the kW to MW target and the geographic constraints.
2
Site Identification
Screen Class B office and commercial inventory against power availability, structural capacity, and ERCOT grid access. Shortlist three candidate sites.
3
Feasibility and Capital Stack
Electrical capacity, cooling density, and structural load review. C-PACE structured into the day-one capital stack. ITC, BESS, and 100% bonus depreciation modelled. We present the full cost of capital before any commitment is made.
4
Transaction and Procurement
Lease or acquisition negotiation, contractor selection across the full ecosystem, and connectivity procurement. We coordinate every vendor.
5
Owner's Representation
We manage the build to commissioning as your owner's representative, protecting your timeline, budget, and the incentive eligibility throughout.
From cloud cost uncertainty to a defensible compute strategy. We model the financial risk of cloud dependency against owned infrastructure and build the business case.
1
Cloud Spend Analysis
Break down current cloud compute spend by workload. Identify the fixed, predictable base load that is the candidate for owned infrastructure.
2
Total Cost of Ownership Model
A clear side-by-side comparison: what you are paying now versus what you would pay over five years with owned infrastructure. Includes hardware, power, cooling, staffing, and every applicable tax incentive. Expressed in dollars per GPU-hour so the comparison is direct.
3
Grid and Power Risk Review
ERCOT grid capacity, reserve margin, and reliability assessment. West Texas and Abilene market analysis where relevant. Power purchase and rate options.
4
Capital Strategy
Structure the capital stack so owned infrastructure carries the lowest possible cost of capital. C-PACE, ITC, and bonus depreciation modelled in.
5
Decision Brief
A written recommendation your board or investors can read: stay cloud, go hybrid, or build owned. Includes the break-even timeline, the sensitivity table, and if ownership is recommended, a proposed capital structure showing how C-PACE and tax incentives reduce the effective deployment cost.

15 Programmes. One Coordinated Strategy.

Each of these programmes is publicly available. What is not public is how they interact, which ones conflict, which sequencing destroys value, and which deadlines are hard versus flexible. That is what we manage.

CenterPoint / Oncor Rebates
C-PACE Financing
Section 179D
⚠ June 30, 2026
Bonus Depreciation
Solar ITC (Section 48E)
⚠ July 4, 2026
BESS ITC (Section 48E)
Section 30C EV Charging
⚠ June 30, 2026
Section 45L
⚠ June 30, 2026
Texas Solar Property Tax Exemption
Houston LEED Tax Abatement
Chapter 312 Tax Abatement
TIF / TIRZ Capital
Want to know which of these apply to your property and what they are worth? The answer depends on your asset type, location, improvement plans, existing debt, and several sequencing decisions that affect the total outcome significantly. That analysis takes 20 minutes with us.

What an Energy Engagement Delivers

Based on a Houston Class B hotel: $3M appraised, $1M in qualifying improvements, construction before all 2026 deadlines.

$0
Owner Cash Outlay
C-PACE funds 100% of qualifying improvements when eligible costs are below 35% of appraised value. You own the assets. You claim the deductions.
$449K
Year-One Benefits
CenterPoint rebates $74K + ITC $165K + 179D saving $22K + Bonus depreciation $188K. From zero cash investment.
27.6x
Return on Advisory Fee
Advisory fee is 3 to 4% of verified year-one benefits, payable only after you receive them. Net client benefit: $433K. Advisory fee: $15.7K.
$3M+
Property Value Uplift
Three-component model: NOI improvement from C-PACE, cap rate compression from ENERGY STAR, rent premium from LEED.
$927K
BESS Hotel Value Added
$64,900/yr from three BESS income streams (demand rebate, demand charge reduction, ERCOT ancillary) capitalised at 7% cap rate.
$12.8K
Annual Net (Year 2+)
After C-PACE assessment. Ongoing every year. Advisory fee is one-time only. No annual deduction from Year 2 onwards.

Beyond Incentives: C-PACE in Your Capital Stack

C-PACE is not only an incentive programme. For sophisticated investors and developers, it is a long-term, fixed-rate, non-recourse financing tool that can be deployed at acquisition, mid-project, or at recapitalisation to lower the blended cost of capital across the stack.

01
Acquisition Financing
Structure C-PACE into the day-one capital stack alongside your senior mortgage, replacing expensive short-term capital with long-term fixed-rate financing at closing.
02
Mid-Project Recapitalisation
If qualifying improvements have been made in the past 24 months, C-PACE can be applied retroactively to retire the most expensive capital in your stack and reduce your ongoing financing cost.
03
Two-Stage Value Creation
C-PACE funds improvements at zero equity outlay. Improvements raise income. Higher income raises appraised value. Higher appraised value supports a larger senior refinancing.
The sequencing, lender consent mechanics, LTV constraints, and capital retirement logic that make these strategies work are not straightforward. We have worked through every scenario in detail. Request our C-PACE Capital Strategy guide to understand how these apply to your specific situation.

The Full Commission and Service Stack

We earn across the entire conversion ecosystem, which means our incentives align with delivering a working, fully optimised site. One engagement, every vendor coordinated.

Site Identification
Class B office and commercial inventory screened against power availability, structural capacity, and ERCOT grid access.
Lease or Acquisition Advisory
Transaction structuring and negotiation. Real estate commission on the lease or purchase, where licensed.
Power and Cooling Feasibility
Electrical service capacity study, cooling density review, and structural load assessment for high-density compute.
Incentive Stack Applied
C-PACE, ITC, BESS ITC, and 100% bonus depreciation applied to the conversion cost. 40 to 60% of conversion cost often qualifies for first-year deductions.
Contractor Ecosystem Referrals
Electrical, mechanical, BESS, connectivity, and fit-out. Coordinated selection across the full vendor stack.
Cost Segregation Referral
Specialist study identifying accelerated depreciation. Study fee $8K to $25K per data center project.
Owner's Representation
We manage the build to commissioning, protecting timeline, budget, and incentive eligibility. $5K to $10K per month retainer.
Connectivity Procurement
Fibre and bandwidth procurement with carrier introductions. Commission on connectivity contracts secured.

What a Site Engagement Delivers

Based on a Houston Class B office conversion to a 1 MW compute facility, 100 kW to 5 MW scale.

1 Partner
For Every Step of Your Conversion
Site identification, lease or acquisition, capital stack, contractor selection, connectivity, construction oversight and incentive management. One advisor, every vendor coordinated.
40-60%
Conversion Cost as First-Year Deductions
Server infrastructure and qualified leasehold improvements qualify for 100% bonus depreciation. On a $2M conversion: $400K to $700K in year-one deductions.
Approximately 7.5%
Conversion Cost of Capital via C-PACE
C-PACE applied to the conversion replaces equity at 18 to 22% with long-term financing at roughly 7.5%, dramatically lowering the deployment hurdle.
48 hrs
Site Shortlist Turnaround
Three candidate sites screened and delivered with a power, structural, and incentive feasibility summary for each.
$0
Upfront Cost to Qualify a Site
Initial site screening and feasibility carries no upfront fee. We earn on the transaction and the conversion, aligned with your deployment.
1 Partner
For the Entire Conversion
Site, capital, contractors, connectivity, and construction oversight through one advisor. You focus on compute, not real estate.

The Decision Framework

We give AI companies a defensible answer to one question: should you keep renting compute, or own it? Every input modelled, every risk quantified.

Cloud Spend Decomposition
Break down compute spend by workload. Separate the predictable base load from burst capacity. Base load is the candidate for ownership.
Total Cost of Ownership Model
Cloud spend versus owned GPU infrastructure: hardware, power, cooling, staff, and the full incentive stack over a five-year horizon.
ERCOT Grid Capacity Review
Reserve margin analysis, interconnection timelines, and reliability assessment for the target market, including West Texas and Abilene.
Power Procurement Strategy
Utility rate negotiation, power purchase agreement options, and behind-the-meter generation and storage to control energy cost.
Capital Stack Optimisation
Structure ownership so infrastructure carries the lowest cost of capital. C-PACE, ITC, and bonus depreciation modelled into the decision.
Break-Even and Sensitivity
When owned infrastructure pays back, and how that shifts under GPU price, utilisation, and cloud rate changes. Stress-tested, not single-point.
Reliability and Redundancy Planning
Uptime requirements, N+1 redundancy, and disaster recovery factored into the owned versus cloud comparison.
Decision Brief
A clear recommendation: stay cloud, go hybrid, or build owned. Backed by the model, the risk analysis, and a defensible business case.

What a Compute Risk Engagement Delivers

Based on an AI company spending $80,000 per month on cloud compute, evaluating a move to owned GPU infrastructure in Texas.

5 yr
Typical Break-Even on Owned Infrastructure
When capital costs, incentives, power, cooling, and staffing are modelled against continued cloud spend. Varies significantly by workload and utilisation rate.
40-60%
Year-One Deduction on Infrastructure Cost
Server hardware and qualified leasehold improvements qualify for 100% bonus depreciation. On a $2M deployment: $800K to $1.2M in first-year deductions.
Approximately 7.5%
Infrastructure Cost of Capital via C-PACE
C-PACE applied to qualifying building improvements in the converted site replaces equity at 18 to 22% with long-term fixed financing at roughly 7.5%.
3
Scenarios Modelled in Every Engagement
Stay cloud, go hybrid, or build owned. Each scenario is fully costed and stress-tested across GPU price, utilisation rate, and cloud rate changes.
$0
Upfront Cost for the Initial Assessment
The 20-minute scoping call and preliminary cloud spend decomposition carry no fee. We earn on the engagement that follows if the numbers support a recommendation to act.
1 Brief
What You Get at the End
A clear written recommendation: stay cloud, go hybrid, or build owned. Backed by the full model, sensitivity analysis, and a capital strategy if ownership is recommended.

Built by People Who Know Both Sides of the Equation

Our advisory team combines backgrounds in commercial real estate finance, energy infrastructure, enterprise IT, and AI systems. We understand how buildings are financed and how compute infrastructure is deployed. That dual perspective is what makes the combination of our three practices coherent rather than opportunistic.

Commercial Real Estate Finance
Our team has direct experience with capital stacks, lender relationships, and the negotiation of municipal incentive agreements including Chapter 312 abatements and TIF arrangements. We model transactions the way a developer or REIT would, not the way a programme administrator would.
Energy Infrastructure and Incentives
We have studied every applicable federal and Texas incentive programme in forensic detail, including their interactions, sequencing requirements, and the points at which they conflict. The 15-layer stack we manage is not a marketing list. It is a working operational model used in every client engagement.
AI Infrastructure and Compute Strategy
Our AI infrastructure practice is grounded in enterprise IT deployment, ERCOT grid analysis, and the economics of owned versus cloud compute. We have modelled GPU infrastructure total cost of ownership for workloads ranging from inference at scale to model training, and we understand the power, cooling, and connectivity requirements that determine whether a site conversion is viable.
We operate as a team. Engagements are not assigned to a single advisor working in isolation. Depending on the scope, you may work with two or three members of the Adeptis team simultaneously, each contributing the specific expertise your project requires.
Our primary markets are Houston and Dallas, Texas. The federal incentive stack we manage applies identically in every state, so we also advise Texas-based developers and companies who have projects elsewhere in the US. If your project is outside Texas, contact us and we will confirm whether we are the right fit.

Across Asset Types and Sectors

From standard commercial upgrades and hotel retrofits to $400M institutional conversions.

Hotels
Office Buildings
Office-to-Residential
Industrial
Healthcare
Religious Institutions
Student Housing
Data Centers
Government Buildings
Mixed-Use
AI Infrastructure
Neoclouds

Texas Gives You More to Work With

The federal incentive stack applies in every state. Texas layers additional structural advantages on top that change the arithmetic for property owners and infrastructure operators alike.

No State Income Tax
Every dollar of income the project generates stays whole. Illinois: 4.95% flat rate. New York: up to 10.9%. Texas: 0%.
Lower Construction Basis
Houston construction costs run 15–25% below Chicago and 30–40% below coastal markets. Lower basis means higher yield on the same incentive stack.
Lone Star PACE
Active, proven C-PACE programme operating across all 254 Texas counties. 35% LTV cap, among the highest available nationally.
ERCOT Grid
Deregulated electricity market creates demand response and ancillary services revenue for BESS installations. $30/kW/yr at current market rates.
Lower Affordable Housing Floor
Chicago LaSalle TIF requires 30% affordable. Houston Chapter 312 typically 15–20%. Lower floor means higher effective yield per market-rate unit.
Active TIF Districts
27 active TIRZs in Houston. Active TIF districts in Dallas. Real capital available for qualifying conversions within designated boundaries.

Ready to Find Out What Is Possible?

Book a 20-minute call. Tell us about your property, your compute needs, or your infrastructure plans and we will tell you what programmes apply, what the numbers look like, and what the next step would be. No commitment required.

contact@adeptiscorp.com
Advisory fee: 3 to 4% of verified benefits, payable only after you receive them.
No upfront cost. No risk.