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 includes energy conservation and resiliency enhancements. The bill also amends RSA 53-F:2, IV, to broaden the designation of the program as a "district," allowing for a more flexible interpretation that can encompass multiple municipalities. The new framework aims to streamline financing and implementation processes for energy efficiency projects in commercial properties, promoting sustainable infrastructure improvements.

Furthermore, the bill enhances municipal authority in establishing C-PACER programs, allowing for third-party management and requiring property owners to bear administrative costs. It introduces new requirements for property owners, including obtaining consent from mortgage holders before entering into assessment contracts and ensuring that assessments are not imposed on non-permanently affixed products. Key amendments also clarify eligibility criteria for property owners and establish a new application process for financing projects that demonstrate public benefits. The bill emphasizes that public funds cannot be used for financing liens between property owners and capital providers, and it sets an effective date for the new provisions as 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