History of PACE in Missouri
In May 2010, the Missouri General Assembly passed a bill called Property Assessed Clean Energy (PACE). PACE has the potential to create jobs, save money and create more prosperous and sustainable communities. Best of all, these programs can be designed, financed, and implemented at the local level with very little or no start-up cash.
In Missouri, PACE was supported by a broad coalition of groups and passed the Missouri General Assembly as part of a bi-partisan effort by a vote of 144 – 11 in the House as part of House Bill 1692.
In Missouri, the PACE bill requires the financial savings to outweigh the special assessment on an annual basis yielding projects that are cash-flow-positive from the start. Upon sale of a home, the special assessment and energy savings are passed on to next owner. By spreading out the payments over time, the energy savings gained each month on electric bills make the upgrades cost-effective from day one.
Unfortunately, residential PACE has been halted by the FHFA since June. Now the push is on to get federal action taken, reinstating residential PACE.
PACE in the News
July 18, 2010
July 16, 2010
July 12, 2010
June 23, 2010
May 27, 2010
Public News Service - Missouri gets PACE program
May 25, 2010