Program Administrators for Set the PACE St. Louis and A2E2

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Presentation transcript:

Program Administrators for Set the PACE St. Louis and A2E2

History of PACE in Missouri and Arkansas • Missouri PACE law passed in 2010 • Comprehensive design phase with the City of St. Louis • Set the PACE St. Louis program launch in 2013 • Arkansas PACE law passed in 2013 • “A2E2” program launch 4Q 2014 in Fayetteville • Program metrics for Set the PACE St. Louis: • Total funded: $4,200,872 Jobs: 182 tCO2: 3,553 • Largest project among all PACE programs in 2015 $2.4mm Missouri Athletic Club - $200k+ per yr. savings

Keys to Success and Mid-America Differentiators • Educate and empower local contractors to market the program • In particular, work with project originator firms to drive activity • Missouri PACE is written in a very broad manner to facilitate the utilization of PACE as a vehicle for economic development Comprehensive rehabilitation projects for underutilized or vacant buildings Creative uses for PACE can spur clean energy development and positively impact the community’s economic goals • Always tie in community’s broader sustainability goals with program metrics to emphasize the triple-bottom line characteristics of PACE • Sometimes chase unicorns – they’re real!

Byron DeLear byron@energyequityfunding.com 314.445.7911 Contact: Byron DeLear byron@energyequityfunding.com 314.445.7911 Tom Appelbaum tom@energyequityfunding.com 314.499.8756 PACE is “Property Assessed Clean Energy” and it enables residential and commercial property owners to finance energy efficiency, water efficiency and renewable energy upgrades with a novel funding mechanism that offers distinct advantages over traditional equity loans.