What is PACE? Property Assessed Clean Energy
Property Assessed Clean Energy (PACE) is a finance program available to commercial, industrial and agricultural property owners, as authorized by state statute. The program provides financing for all upfront costs of energy audits, energy efficient upgrades, renewable energy upgrades and water conservation measures for businesses in Missouri. At Show Me PACE, our goal is to provide a simple way to finance renewable, energy-efficient upgrades to facilities throughout Missouri, such as:
- New heating and cooling systems
- Energy efficient lighting
- Solar panels
- Improved water pumps
- High efficiency irrigation
PACE lenders offer loans with 100% upfront financing towards the cost of an improvement, with no out-of-pocket cost to property owners. By making these upgrades, property owners generate positive cash flow through energy costs savings, which allows them to amortize the debt over the useful life of the improvement. This generates more in savings than the cost of the improvements.
Who does Show Me PACE work with?
- Commercial, industrial and agricultural property owners
- Local governments