What is PACE? Property Assessed Clean Energy
PACE is an innovative way for property owners to pay for energy efficiency, renewable energy and water conservation measures, as authorized by Missouri state statute. PACE financing is all private capital, with no taxpayer funds. It is available to commercial, industrial, non-profit, government and agricultural property owners. Eligible projects include heating and cooling systems, insulation, energy-efficient lighting, solar panels and water pumps.
To quality as a PACE project, the annual energy savings from the project must exceed the annual assessment on the loan. This results in increased cash flow for the property owner and a higher value of the building. Show Me PACE lenders offer 100% upfront financing for eligible improvements through fixed-rate loans for up to 20 years. Administered by the nonprofit Missouri Energy Initiative, Show Me PACE provides economic development through open-market financing for approved projects.
Who does Show Me PACE work with?
Show Me PACE works with commercial, industrial and agricultural property owners, local governments, contractors, and lenders.