Columbia Pushes Vote for PACE Financing to June Meeting
Columbia, Missouri’s City Council decided to postponed to vote for PACE Financing until their next meeting which will be held on June 19, 2017.
The Missourian reports positive support being shown by the council members, but more research must be done before a final decision can be made.
If the vote is passed, Columbia will join many other cities and municipalities across the state of Missouri that offer this funding option to businesses, non-profits, and public facilities.
What is PACE Financing?
PACE stands for Property Assessed Clean Energy.
PACE is a source of funding for renewable energy and energy efficiency projects (such as solar, building automation, etc.), raised by local government entities, in the form of bonds and capital sources.
How can PACE impact my organization?
PACE is designed to allow organizations to make energy improvements that they otherwise wouldn’t have the capital or willingness to exhaust limited lines of credit. Whether your organization is interested in Corporate Sustainable Responsibility (CSR), wanting to reduce capital expenses, or has old equipment that needs to be upgraded, PACE will provide funds, and the annual energy savings from your project will cover your annual assessment.
Your organization will be able to reduce utility costs, while contributing to a more sustainable community. If you think your organization would be interested in PACE funding or you would like to know more information, please give us a call 573.777.4811.