• A Brief History of PACE

• FAQs

• Power Point Introduction to PACE

• Advantages of PACE Financing

• Guide to Energy Efficiency and Renewable Energy Financing Districts
• Implementing PACE in Missouri: Commercial/Industrial Best Practices

2. Review Missouri Statute

• Copy of HB 1692

• PACE Section

3. Determine if there is enough interest to develop a PACE program for your municipality, county, or group of municipalities and/or counties.  Determine if development of a new Clean Energy Development Board (CEDB) is feasible

• Invite stakeholders to PACE development meeting(s).  Include DNR Energy Center in the process.
• Clarify who is already working on this issue in your area & around Missouri
• Determine who is committed to the success of PACE in your area
• Develop initial timeline for PACE development and implementation
• Verify the existence of some funding options for the program

4. Define Geography

• Determine if it will be best to develop a Clean Energy Development Board (CEDB) for an individual municipality or county, or group of municipalities & counties.
• Finalize group of initial stakeholders in this geographical area

5.  Design your ideal members of the Clean Energy Development Board (CEDB).
Local experts in energy efficiency, renewable energy, municipal law, finance, construction, and other predefined sectors should be invited to serve on the CEDB. The ideal CEDB will have a range of expertise in these key areas.

CEDB composition best practices:

• Policy Framework for PACE Financing Programs

• DOE PACE Best Practices

6. Formally Create the Special Tax District or Tax Assessment District

This means formally creating the Clean Energy Development Board—i.e., the City or County creating the CEDB will pass an ordinance creating the CEDB and appointing the board members.  If multiple municipalities are cooperating on a joint CEDB, all participating municipalities will need to pass an ordinance (and from a practical aspect, signing on to a cooperation agreement).

Filing requirements will come at the end of the year:

• Annual reports to the DNR and sponsoring municipality(ies),
• Financial statements to the state auditor.

7. CEDB develops Initial Program Goals with Input from Stakeholders

- Determine potential for PACE programs in the area (financial, jobs, economic, other…)
- Integrate the local government’s economic development, workforce development, climate protection, and other applicable goals.
- Develop initial target markets (Everyone?  Low income?  Specific neighborhoods?)
- Develop initial program global goals

8. Choose a Program Administrator

Energy Equity Funding, LLC partners with PACE Boards and municipalities to provide turnkey PACE administration.  This includes support for the establishment of the PACE Board, community outreach and sign on campaign, public education, and the processing and administration of the program itself.

Renewable Funding provides local and state governments with turnkey financing solutions specifically designed to support clean energy retrofit efforts.  The firm’s services can be provided as a complete program or as individual a la carte services.

9. Explore Specific Funding Opportunities and Options

Funding options for local governments are numerous. A possible source of funds is Energy Efficiency and Conservation Block Grants (EECBG), a portion of which can be used to support the creation of clean energy financing districts.

10. Launch Program

Questions?  Contact PJ WIlson at PJ@renewmo.org