Set the PACE St. Louis is an innovative program that uses PACE financing to help commercial, industrial and multi-family property owners access affordable, long-term financing for smart energy upgrades to their buildings.
PACE financing allows building owners to finance qualifying energy efficiency and renewable energy improvements through voluntary tax assessment. Property owners pay for the improvements over time and the repayment obligation transfers automatically to the next owner if the property is sold. Similar to a sewer tax assessment, capital provided under the PACE program is secured by a lien on the property, so low-interest capital can be raised from the private sector with no government financing required.
PACE financing offers a broad range of benefits to commercial building owners, as well as energy efficiency/renewable energy contractors.
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 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.)
Ygrene offers an alternative way to finance energy-efficient and renewable energy upgrades for residential in Florida and commercial properties in California, Missouri and Florida. Depending on where your property is located, it may also be eligible for upgrades that help conserve water and protect against storm damage.
As a leading Property Assessed Clean Energy (PACE) provider, Ygrene allows you to leverage the equity in your property to make it even better. Ygrene offers unique advantages including low, fixed rates, no upfront costs, and no prepayment penalties. Because Ygrene financing is an assessment on your property and not a loan or discount program, it is repaid annually with your property taxes. Approvals are based primarily on home equity.
The Missouri Energy Initiative (MEI) is a Missouri-based 501(c)3 a nonpartisan, nonprofit association of public and private-sector entities working together to increase energy economic development, innovation, and education throughout the state. MEI serves as an independent public policy group on emerging energy issues and focuses on being a trusted source of energy information for Missouri and the Midwest. The organization encourages creative collaborations and promotes affordable, reliable and sustainable energy efforts. Meet the MEI PACE team.
PACESetter Award winner
Chair of PACENation Administrator Subcommittee
Founder of C-PACE Administrator Collaborative
Email MEI's PACE manager at PACE @moenergy.org
Meet The Board
Principal at MLD Consulting
Executive Director at US Green Building Council - Missouri Gateway Chapter
Business Development Representative at Spire
Chairman & Executive Director at St. Louis Development Corporation
Residential PACE Paused
As of August 18, 2022, Ygrene is pausing its residential PACE program in Missouri.
2/9/16: A project on Olive is turning a vacant warehouse and adjoining multi-family building into a mixed-use residential and commercial development. And, an old school is undergoing a transformation to new loft apartments.
STP-STL approves Newest PACE project
The STP-STL board approved the newest PACE project for ST. Louis City. Jefferson Arms will be mixed use property with a hotel, condos, and commercial space. Total PACE will be over 28 million dollars.
11/5/21: Consumer Protections Adopted by PACENation Increase Accountability and Transparency for Residential PACE Programs, Include Ability-to-Pay Provisions and Strong Protections for Seniors and Low-Income Homeowners
Meeting Date Posted
The next Set the PACE Stt. Louis board meeting is November 11. 2022 at 10 am
705 Olive - $8 million in PACE funding and create 200 jobs.
634 North Grand - $9.6 million in PACE funding and create 100 jobs.
300 North Front Street - $20 million in PACE funding and create more than 200 jobs.
11/1/13: City of St. Louis program administered by Energy Equity Funding, LLC, and financed by PNC Bank. Matt Brazelton (left) and Jeff Jensen, co-owners of Four Muddy Paws in Lafayette Square