The "South Carolina Commercial Property Assessed Clean Energy and Resilience Act" establishes a framework for local governments to implement Commercial Property Assessed Clean Energy (C-PACE) programs, allowing owners of agricultural, commercial, industrial, and multifamily residential properties to secure low-cost, long-term financing for qualifying improvements. The bill aims to enhance economic development, job creation, building sustainability, and disaster response without incurring costs for local governments. It provides definitions for key terms, outlines the process for establishing C-PACE programs, and specifies the roles of program administrators, ensuring that assessments can be levied and collected under defined conditions.

Additionally, the legislation mandates that local governments enter into assessment agreements with property owners before levying assessments, which will constitute a lien against the property and be collected alongside property taxes. It requires property owners to provide necessary verifications and documentation, including oversight by licensed contractors and engineers. The bill also clarifies that neither the state nor local governments will be liable for any assessments or financing agreements, prohibits the use of public funds for these purposes, and restricts the implementation of certain qualified improvements involving natural gas and electric appliances unless both services are provided by the same entity.