MO-ESP (Missouri Energy Savings Program) is an innovative program that uses PACE financing to help St. Louis County homeowners and commercial, industrial and multi-family property owners access to affordable, long-term financing for smart energy upgrades to their buildings.
PACE (Property Accessed Clean Energy) financing allows home and building owners to finance qualifying energy efficiency and clean energy improvements through voluntary tax assessment. Property owners pay for the improvements over time and the repayment obligation transfers automatically to the next owner if the property is sold. Similar to a sewer tax assessment, capital provided under the PACE program is secured by a lien on the property, so low-interest capital can be raised from the private sector with no government financing required.
PACE financing offers a broad range of benefits to homeowners and commercial building owners as well as energy efficiency/renewable energy contractors.
Missouri Energy Savings Program (MO-ESP)
1520 S. 2nd Street
St. Louis, MO 63104