The "South Carolina Commercial Property Assessed Clean Energy and Resilience Act" establishes a framework for Commercial Property Assessed Clean Energy (C-PACE) programs in South Carolina, allowing local governments to voluntarily implement these programs to provide low-cost, long-term financing for improvements on agricultural, commercial, industrial, and multifamily residential properties. The bill emphasizes the goals of enhancing economic development, job creation, building sustainability, and improving disaster response, while ensuring that local governments incur no costs. It includes provisions for the administration of C-PACE programs, detailing the establishment of assessment agreements, the roles of capital providers, and the process for assessing and collecting liens.

The legislation outlines eligibility for financing, specifying improvements such as energy efficiency measures, renewable energy resources, and resiliency measures. It mandates local governments to adopt ordinances that govern these programs, ensuring proper administration. The bill also sets a minimum financing amount of one hundred thousand dollars for qualifying properties and requires that properties be free of delinquent taxes and liens before financing can be approved. Additionally, it clarifies that assessments will be treated as liens against the property, outlines billing and collection procedures, and states that neither the state nor local governments will be liable for any assessments or financing agreements, prohibiting the use of public funds for these purposes. The provisions will take effect upon the Governor's approval.