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Missouri Governor Nixon Signs Property Assessed Clean Energy (PACE) into Law July 13, 2010

Posted by Laura Arnold in Property Assessed Clean Energy (PACE).
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This article from Liz Forrestal with Missouri Votes Conservation (MVC). For more information contact: lizforrestal@movotesconservation.org

   

Today (07/12/2010), MVC and its partners celebrated a huge victory for clean energy as Governor Nixon signed omnibus bill HB 1692, which includes Property Assessed Clean Energy (PACE), into law. With your help, we were able to get this measure passed in the Missouri Legislature and onto the governor’s desk. 

small  What is PACE?

Property Assessed Clean Energy, or PACE, is a voluntary program that pays property owners up to 100% of upfront costs for energy efficiency and renewable energy upgrades for homes and businesses.  Participating property owners then pay back the loan through a 20-year property tax assessment. 

While removing the upfront cost of efficiency and renewable energy improvements, PACE also creates jobs, reduces the property owners’ energy bills and lowers greenhouse gas emissions.  And, PACE policies incur little to no cost to cities and counties. 

To learn more about PACE, including a sample project scenario, visit our website.

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