Property Assessed Clean Energy (PACE)

Statute: Section 67.2800 – 67.2835, RSMo.(s).
Enacted: 2010

Property Assessed Clean Energy is a financing tool that allows both commercial and residential property owners to retrofit their properties with energy efficiency and renewable energy improvements at no upfront cost. PACE involves the local government’s tax authority, which issues special bonds to finance the energy upgrades and then collects repayment through a special assessment on the building’s property taxes.

Read more:

• Missouri PACE