Property Assessed Clean Energy (PACE) is a financing mechanism that allows property owners to pay for energy efficiency improvements or renewable energy systems, as authorized by Missouri state statute (67.2800 to 67.2840, RSMo).
PACE financing is a special assessment repaid on the annual property tax bill. This voluntary tax assessment is secured by a lien on the property and, in most cases, the assessment and the lien are transferred upon sale. Unlike other financing options, PACE offers secured, fixed-rate, up-front financing for eligible improvements with repayment terms of up to 20 years.
The department does not administer or oversee any PACE programs.
To learn if you are eligible to request PACE financing, contact your city or county government to determine if it has approved an ordinance authorizing it to join a PACE district.