Missouri Energy Initiative is the administrator for the
commerical open market program
See how you can lower your building’s operating costs!
Would you like a way to improve your building while saving a significant amount of money in the long run? With Property Assessed Clean Energy (PACE), you can increase your bottom line while lowering your energy costs. PACE offers fixed long-term financing for energy efficiency and renewable energy measures repaid with an assessment on the property. PACE is all private capital with no government funding.
PACE financing can also be used with utility energy incentives and tax credits.
With PACE, you can upgrade your building with:
No upfront costs
20-year fixed-rate funding which provides an immediate return on investment for long-payback upgrades
No required payoff upon sale
Shared costs and benefits with your tenants
Missouri statute requires that the estimated economic benefit expected from the project during the financing period be greater than the cost of the project. A property owner submitting an application for funding through the Set the PACE program must verify that the measures will achieve a savings-to-investment ratio (SIR) of greater than 1.0. The SIR is calculated with this formula: SIR = total estimated savings over term + total incentives/PACE funding amount.
Potential PACE Benefits
NO DOWN PAYMENT
NO PERSONAL GUARANTEE
FIXED RATE & FIXED PAYMENT
OFF-BALANCE SHEET TREATMENT
LEASE PASS THROUGH
EXTENDED TERM UP TO 20 YEARS
"PACE financing is transforming communities by enabling property owners to make their homes and businesses more efficient and resilient."
- PACE Nation
The Clean Energy Board of the City of St. Louis approves, but does not endorse, PACE lenders. Visit our lender page to find a lender on our lender directory or fill out our interest form for our PACE manager to connect you with lenders tailored to your project.
Approved contractor are knowledgeable about PACE program procedures and policies. Visit our contract directory to chose a contract for your PACE project
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