Small Business Startup
Green Business? Looking to make energy improvements? Property Assessed Clean Energy (PACE) is an innovative way to finance energy efficiency and renewable energy upgrades to buildings.
What is PACE?
A new program in St. Louis Park through a partnership with the St. Paul Port Authority (SPPA) that provides funding for energy efficiency and renewable energy upgrades to buildings, from smart energy efficiency upgrades to roof-top solar power systems.
- Energy efficiency improvements: Lighting, mechanical systems, window upgrades, temperature controls, HVAC equipment, new elevators, new insulation, etc.
- Renewable energy systems: Solar Water Heat, Photovoltaics, Wind, Geothermal Electric, Geothermal Heat Pumps, Geothermal Direct-Use
- Electric vehicle charging systems: New and upgraded circuits and related equipment to enable vehicle charging
Who can apply?
Commercial, industrial and multi-family residential property owners.
How does it work?
Building owners who use PACE financing for their energy improvements pay back the financing through property taxes, as a voluntary special assessment.
For more information, contact Julie Grove, Planning and Economic Development Assistant at email@example.com, phone (952) 924-2523 or Pete Klein, Vice President of Finance St. Paul Port Authority, at firstname.lastname@example.org.
updated: Friday, December 12, 2014
Small businesses are in integral part of the economic vitality of St. Louis Park. The city is committed to providing entrepreneurs with the assistance they need in order to grow and expand their enterprises. Please consult the following links for more information on business resources, or call Julie Grove, Planning and Economic Development Assistant...