The bill SB 4 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). Key definitions are introduced, including "Authority," referring to the New Hampshire business finance authority, and "Qualifying improvement," which covers various enhancements related to energy conservation and resiliency. The bill empowers municipalities to establish C-PACER districts and allows them to impose voluntary special assessments on commercial properties to finance qualifying projects. It also mandates that municipalities adopt a resolution to detail the public purpose of financing, the types of eligible projects, and the program's administrative structure.

Significant changes include the deletion of references to "energy efficiency and clean energy districts" and the replacement of the term "loan" with "lien," indicating that obligations will now be tied to a special assessment lien rather than a traditional loan structure. The bill establishes new eligibility criteria for property owners, requiring current property taxes and limiting involuntary liens. It also mandates energy analyses for existing buildings and certification from licensed professionals for new constructions. Furthermore, the bill clarifies that public funds cannot be used for financing agreements, ensuring that municipalities and the state are not liable for these financial arrangements. The act is set to take effect on January 1, 2026.

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