Bill > HB450

This bill replaces the existing Energy Efficiency and Clean Energy Districts statute with a more 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 resiliency improvements. The bill establishes a statewide program administered by the New Hampshire Business Finance Authority, allowing municipalities to voluntarily participate in creating special assessment districts where property owners can access financing for qualifying improvements. Key provisions include defining eligible properties (commercial properties with 5 or more units), types of qualifying improvements (such as solar installations, energy-efficient systems, and flood mitigation), and establishing a process for property owners to voluntarily enter into special assessment agreements. The financing can cover up to 35% of a property's appraised value and can include costs like equipment, labor, permits, and administrative fees. The special assessment becomes a lien on the property that transfers with property ownership, with repayment terms not exceeding 30 years. Importantly, the program requires consent from existing mortgage holders, ensures that the assessment does not accelerate existing mortgage terms, and provides protections for both property owners and municipalities by limiting financial liability and establishing clear administrative procedures.

Business and Industry

https://gc.nh.gov/bill_status/legacy/bs2016/bill_status.aspx?lsr=866&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=HB450