The Manchester Board of Aldermen unanimously passed a bill on Aug. 7 allowing the city to join the Missouri Clean Energy District through the Property Assessment Clean Energy Act [PACE].
At the board’s July 17 meeting, John Maslowski, vice president of Renovate America, presented facts about the Missouri Clean Energy Program in partnership with the Renovate America HERO [Home Energy Renovation Opportunity] program.
The PACE Act is designed for improvement of residential and commercial property, including energy efficient air conditioning, insulated doors and windows, and roofs, paid through an annual voluntary assessment on the commercial or homeowner’s property tax. The HERO program, through the partnership with the Missouri Clean Energy District and Renovate America, provides property owners access to financing for energy-efficient and renewable energy home and building improvements. Interest rates on the financing option vary from 3.49 to 8.99 percent, primarily depending on terms, with up to 20-year financing available.
Maslowski said the HERO program has partnered nationally with more than 500 local governments over more than six years and has “a strong track record that represents the value being created in the community.” He said the Missouri Clean Energy District has 85 cities and counties as member communities throughout Missouri. Ballwin is counted among those communities.
Maslowski said the program is free to the city, but that applicants must live in a city or county in which HERO has been approved by local government. Participation benefits residents who utilize the program but also helps the city of Manchester meet its clean energy goals.