Future Energy - PACE Bill Passes in Missouri


The Missouri General Assembly passed the PACE (Property Assessed Clean Energy) bill that would allow municipalities to opt into a program that finances the costs of renewable energy and energy efficiency renovations for homes and businesses. Missouri organizations including energy-efficiency professionals, environmental advocates, community bankers and realtors garnered support for PACE, which was passed in the final hours of the legislative session.

The PACE program enables local governments and community improvement districts to finance energy efficiency and renewable energy projects through the issuance of bonds or by structuring other sources of capital. Municipalities are familiar with these types of special taxing districts in the form of neighborhood improvement districts.

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