What is PACE?
Property Assessed Clean Energy is a financing mechanism for property owners to pay for energy efficiency and renewable energy measures, as authorized by Missouri state statute. PACE financing is all private capital, with no taxpayer funds. The financing is repaid with an annual assessment on the property. PACE lenders can offer 100% upfront financing for eligible improvements through fixed-rate loans for up to 20 years. Key requirement: energy savings must exceed cost of the measures.
Set the PACE St. Louis provides commercial PACE. Our administrator, Ygrene, offers commercial PACE and works with Missouri Energy Initiative to its Open-Market Commercial PACE program. The Set the PACE program connects you with more than 20 capital providers to compete for your business, providing lower costs and efficient services. Select below to guide you to your needed service.
PACE Projects By the Numbers
The Clean Energy Development Board of the City of St. Louis is a political subdivision which has been authorized by the St. Louis Board of Aldermen and the Missouri legislature to provide access to financing for residential and commercial property energy efficiency and renewable energy projects through Property Assessed Clean Energy ("PACE") programs.
The Set the PACE St. Louis program was developed in 2012 by the City of St. Louis with Energy Efficiency and Conservation Block Grant funding from the U. S. Department of Energy. After passing an Ordinance and creating the Clean Energy Development Board, the City's Office of Sustainability and St. Louis Development Corporation launched the program in 2013 as an innovative financing tool designed to support sustainability projects on building in the City. (See, e.g., pages 169 and 188 of the City of St. Louis Sustainability Plan.)