Show Me PACE

Program Show Me PACE
Category Financial Incentive
Implementing sector Local
Last Update
State Missouri
Administrator Missouri Energy Initiative (MEI)
Website http://www.showmepace.org/
Technologies Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics

In July 2010 Missouri enacted the Property Assessed Clean Energy Act. In June 2015, Show Me PACE was established under this law as a Clean Energy Development Board. PACE financing allows property owners to finance energy efficiency, renewable energy, and water conservation improvements to their property using assessments on their property taxes.

Membership

Show Me PACE currently operates in several municipalities and counties, which are listed on this page. Any Missouri municipality is eligible to become a member in Show Me PACE.

Show Me PACE has arranged for Missouri counties and municipalities to join the district at no cost, with no liability and with no administrative burden. Through a partnership with the Missouri Energy Initiative (MEI), Show Me PACE assists interested communities with the program design, administration, marketing and financing management needed to allow Missouri municipalities to offer the PACE program at no cost. MEI eliminates the administrative burden of running another program and allows communities to have easy access to PACE funding.

Show Me PACE also has engaged municipal counsel to produce sample ordinances available to any municipalities seeking PACE membership.

Administration

Show Me PACE is administered by the Missouri Energy Initiative (MEI), a nonprofit association of public and private-sector entities. Member municipalities may participate on the Show Me PACE Advisory Board to ensure local input.

Eligible Projects and Terms

Show Me PACE provides clean energy financing for energy efficiency, renewable energy and water conservation projects greater than $50,000. Payment periods should not exceed the expected life of the improvement. Commercial, industrial, agricultural, multi-family residential, nonprofit, and public (governmental) properties are eligible for this program.

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