Bill > HB2812

This bill, the Local Energy Efficiency Partnership Act, allows local governments in West Virginia to establish programs that enable property owners to finance energy efficiency improvements to their commercial or industrial properties. The key provisions include: - Local governments can create "districts" where property owners can enter into contracts to have the local government finance energy efficiency projects, such as insulation, windows, HVAC upgrades, and electric vehicle charging stations. The costs are then repaid through property assessments. - The bill outlines the process for local governments to establish these programs, including public hearings, adopting resolutions, and publishing reports detailing program requirements and financing plans. - The assessments are secured liens on the property that have priority over existing mortgages if the mortgage holder agrees to subordinate their interest. The assessments are collected with property taxes. - Local governments can issue bonds or notes to fund the energy efficiency projects, which are exempt from state and local taxation. - The program requires energy audits, guarantees on project savings, and coordination with local utility companies to leverage any available incentives or rebates. The overall aim is to enable greater investment in energy efficiency improvements for commercial and industrial properties through a local government-facilitated financing program.

Government Affairs

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=2812&year=2022&sessiontype=RS&btype=bill