Set the PACE St. Louis (Missouri)

From Open Energy Information


Last modified on December 17, 2014.

Financial Incentive Program

Place Missouri

Name Set the PACE St. Louis
Incentive Type PACE Financing
Applicable Sector Commercial, Residential, Installer/Contractor, Multi-Family Residential
Eligible Technologies Ceiling Fan, Water Heaters, Lighting, Furnaces, Boilers, Heat pumps, Central Air conditioners, Programmable Thermostats, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Comprehensive Measures/Whole Building, Solar Water Heat, Photovoltaics, Pool Pumps, Tankless Water Heaters
Active Incentive Yes
Implementing Sector Local
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs

Funding Source PNC Bank

Terms Maximum financing amount is 10% of the value of the property

Minimum financing amount is 2,500
Repayment periods of up to 20 years

Program Administrator Energy Equity Funding, LLC

References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Set the PACE St. Louis provides 100% upfront, fixed rate, long-term financing to property owners for qualified energy upgrades, including energy efficiency, water efficiency, and renewable energy systems. Property owners repay PACE financing over a period up to 20 years through additional payments on their property tax bills. Financing is structured so that energy savings must more than offset the additional property tax assessment.

Commercial property owners, community associations (e.g., Home Owners Associations), and some residential property owners are eligible for Set the PACE St. Louis. Currently, only residential property owners who own their home without an existing mortgage can qualify for actual property assessed financing due to concerns raised by the Federal Housing Finance Agency (FHFA). There are, however, alternative financing options available to residential property owners with the Set the PACE St. Louis program, including home equity financing or energy efficiency mortgages (EEMs).


Set the PACE St. Louis is administered by Energy Equity Funding, LLC on behalf of the St. Louis Clean Energy Development Board, with project financing provided by PNC Bank.


Eligible applicants can apply online or fill out a hard copy and will be notified of preliminary approval within 48 hours. The applicant then selects a participating energy auditor or consultant who analyzes the property to generate a project plan with the goal of maximizing energy efficiency. Based on the results of the project plan, the applicant selects the projects they want done and chooses a contractor to complete the project. The applicant then must complete a loan application and a work plan. The cost of the initial energy consultation can be included in the PACE loan to reimburse the property owner. After the lending institution approves the loan, construction on the improvement may begin.


The maximum financing amount for a Set the PACE St. Louis project is 10% of the value of the property, and the minimum financing amount is $2,500. Loans can be amortized over 5, 10, 15, or 20 years depending on what improvements will be made to the property. Interest on PACE financing could be tax deductible depending on the personal filing.

For complete terms, conditions, and eligibility requirements, visit the Set the PACE St. Louis website or contact a program representative for more information.

Incentive Contact

Contact Name Program Administrator
Department Set the PACE St. Louis

Phone (314) 499-8756


  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


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