StorCo Self-Storage, located in St. Peters, Missouri just outside of St. Louis, has been awarded the CIRRUS Low Carbon verification by PACE Equity. This achievement was made possible through $3 million in Commercial Property Assessed Clean Energy (C-PACE) financing and will significantly reduce carbon emissions for the building.
The project developer, St. Peters Storage LLC, recognized a local need for self-storage and designed a new facility with 365 units and over 67,000 square feet of space that is semi-conditioned to meet this demand. The building’s design aligns with PACE Equity’s CIRRUS Low Carbon specifications – the only financing option that offers lower rates for buildings with lower carbon designs.
With its low-carbon status now verified by PACE Equity, StorCo can market itself as an energy- and water-efficient storage option while also benefiting from decreased operational energy costs. The energy-efficient improvements implemented at the facility are expected to save 3,985 metric tons of carbon emissions and reduce electricity costs by 44% compared to baseline code standards.
This accomplishment showcases how even small changes can have a significant impact on reducing our environmental footprint while still meeting market demands for quality storage options in growing communities like St. Louis.
