Bill
Bill > H3950
MA H3950
MA H3950Establishing a residential property assessed clean energy (R-PACE) program in the Commonwealth
summary
Introduced
06/26/2023
06/26/2023
In Committee
06/26/2023
06/26/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to establishing a residential property assessed clean energy (R-PACE) program. Telecommunications, Utilities and Energy.
AI Summary
This bill establishes a residential property assessed clean energy (R-PACE) program in the Commonwealth. The program will provide financing to residential property owners for energy efficiency and renewable energy improvements, which will be financed as betterments on the improved property and assessed accordingly. The program will be developed and implemented by the agency, in consultation with the Department of Energy Resources, and the regulations will take into account best lending practices, including debt to income ratios and debt to equity ratios, and incorporate guidelines for appropriate market-based loan interest rates to protect consumers from predatory lending.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Accompanied a study order, see H4778 (on 07/02/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H3950 |
| BillText | https://malegislature.gov/Bills/193/H3950.pdf |
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