Property Assessed Clean Energy (PACE) is a financing mechanism that allows property owners to pay for energy efficiency improvements or renewable energy systems, as authorized by Missouri state statute. PACE financing is a special assessment repaid on the annual property tax bill. This voluntary tax assessment is secured by a lien on the property and, in most cases, the assessment and the lien are transferred upon sale. Unlike other financing options, PACE offers secured, fixed-rate, up-front financing for eligible improvements with repayment terms of up to 20 years.
To be eligible for financing, a project must be located in a city or county that has approved an ordinance authorizing it to join a PACE district. Specific information regarding participating communities, eligibility and cost is available below. For inquiries related to PACE in your area, the department recommends contacting the PACE district in which your community participates. The department does not administer or oversee any PACE programs. Legislation from 2021 instituted additional oversight of PACE by the Department of Commerce and Insurance’s Division of Finance.
- Missouri Revised Statutes, 67.2800 to 67.2840, RSMo - Property Assessment Clean Energy Act
- Updated Guidelines for Residential PACE Financing Programs - Dept. of Energy
Missouri Clean Energy District
The Missouri Clean Energy District (MCED) offers funding statewide to participating communities. Eligible properties and projects include residential, commercial, industrial, agricultural, multi-family, nonprofit and public facilities.
Show Me PACE
Show Me PACE offers funding statewide to participating communities. Commercial, industrial, agriculture, multi-family residential, nonprofit and public (governmental) properties are eligible for this program.
Missouri Energy Savings Program
The Missouri Energy Savings Program (MOESP) offers funding for St. Louis County property owners. Eligible projects and properties include commercial, industrial, agricultural, multi-family and nonprofit. The St. Louis County Clean Energy Development Board was created by ordinance in 2015 by the St. Louis County Council and operates as the Missouri Energy Savings Program.
Set the PACE St. Louis
Set the PACE St. Louis offers funding to building owners in the city to finance energy efficiency, renewable energy and water efficiency upgrades. Commercial, industrial and multi-family properties are eligible for this program.