Bill > SB4

This bill replaces the existing energy efficiency and clean energy districts statute with a comprehensive Commercial Property Assessed Clean Energy and Resiliency (C-PACER) program, designed to help commercial property owners finance energy efficiency, clean energy, water conservation, and resilience improvements. The bill establishes a framework where municipalities can voluntarily participate in a program administered by the New Hampshire Business Finance Authority, allowing property owners to finance qualifying improvements through a special assessment that remains with the property if it is sold. Qualifying improvements include renewable energy systems, energy efficiency upgrades, water conservation measures, and resilience enhancements like flood mitigation or energy storage. The program requires detailed project applications demonstrating public benefits, limits financing to 35% of the property's appraised value, and mandates consent from existing mortgage holders. The financing can be repaid over up to 30 years, with the special assessment acting as a lien on the property. The bill provides protections for property owners and lenders, establishes clear administrative procedures, and specifies that no public funds will be used to support the financing. The program is set to take effect on January 1, 2026, and aims to reduce energy costs, mitigate climate change risks, and support property owners in making sustainable improvements.

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https://gc.nh.gov/bill_status/legacy/bs2016/bill_docket.aspx?lsr=981&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=SB4