UPDATE: Missouri Commercial PACE programs are up and running. Learn more and apply here.
PACE Implementation Checklist for Local Governments
1. Research PACE background and history
2. Review Missouri Statute
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
4. Define Geography
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:
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:
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