The bill proposes a comprehensive overhaul of the existing energy efficiency and clean energy districts statute, replacing it with the Commercial Property Assessed Clean Energy and Resiliency Program (C-PACER). It repeals and reenacts RSA 53-F:1, introducing new definitions such as "C-PACER," "qualifying improvement," and "special assessment." The bill establishes a program administrator, either the New Hampshire business finance authority or a designated third party, to oversee C-PACER projects. It outlines eligible improvements for financing, including energy conservation, clean energy, resiliency, and water conservation, while allowing municipalities to impose voluntary special assessments to fund these projects. Notably, the bill deletes references to "energy efficiency and clean energy" in favor of broader terms, facilitating the designation of areas for the new program.

Additionally, HB 450 introduces significant changes to the financing and assessment processes, including the replacement of the term "loan" with "lien" to clarify property obligations. It modifies the enforcement mechanism for assessments and mandates municipalities to execute and record notices of assessments and liens. The bill sets eligibility criteria for property owners, including the requirement for current property taxes and assessments, and introduces a cap on financing amounts. It also emphasizes the confidentiality of financial information and clarifies the rights of mortgagees regarding consent for financing agreements. The act is set to take effect on January 1, 2026, and aims to streamline the process for municipalities and property owners to engage in energy efficiency projects while ensuring proper consent and financial arrangements are in place.

Statutes affected:
Introduced: 53-F:2, 53-F:3, 53-F:4, 53-F:5