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Committee approves joining Missouri Clean Energy District to expand commercial C-PACE financing options
Summary
The committee voted to allow St. Louis to join the Missouri Clean Energy District, enabling property owners to use C-PACE financing administered by MCED; sponsors said the program requires no city funds and would expand access to energy-efficiency and renewable upgrades.
The St. Louis City Housing, Urban Development and Zoning Committee voted to advance board bill 80, authorizing the city to join the Missouri Clean Energy District (MCED) and thereby provide an additional administrator for commercial property assessed clean energy (C-PACE) financing.
Sponsor Charmaine Clark Hubbard, identified in committee as the bill author, said the ordinance would expand options for property owners, developers and lenders to access long-term financing for energy efficiency and renewable energy improvements. “It does not spend a single taxpayer dollar. It does not…
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