This 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 "capital provider" and "qualifying improvement," which encompass a range of enhancements related to energy conservation and resiliency. The bill also amends RSA 53-F:2, IV, to allow for more flexible designations of districts within municipalities, shifting the focus from solely energy efficiency to include broader resiliency improvements. Furthermore, it enhances municipal authority in establishing these districts, allowing for third-party management and voluntary special assessments on commercial properties for financing qualified projects.

Key amendments include changes to the agreement process between municipalities and property owners, emphasizing that assessments require the consent of property owners and establishing a clear framework for financing through private lenders. The bill also clarifies eligibility criteria for property owners, ensuring that all taxes are current and that there are no significant involuntary liens. It sets specific financing terms, including a maximum repayment term of 30 years and limits on the principal amount financed. Additionally, the bill outlines the responsibilities of municipalities in managing assessment agreements and ensures that public funds are not used to finance liens between property owners and capital providers. The act is scheduled to take effect on January 1, 2026.

Statutes affected:
Introduced: 53-F:2, 53-F:3, 53-F:4, 53-F:5
Version adopted by both bodies: 53-F:2, 53-F:3, 53-F:4, 53-F:5
CHAPTERED FINAL VERSION: 53-F:2, 53-F:3, 53-F:4, 53-F:5