Bill
S 138
Overview: S 138, An act relating to commercial property-assessed clean energy projects, has been read for the first time and referred to the Committee on Natural Resources and Ener
Overview: S 138, An act relating to commercial property-assessed clean energy projects, has been read for the first time and referred to the Committee on Natural Resources and Energy.
Purpose and Intent: The bill aims to establish a commercial property-assessed clean energy (C-PACE) program in the state. The C-PACE program would provide financing for energy efficiency, renewable energy, and other sustainability improvements to commercial and industrial properties.
Key Provisions:
- Authorizes the creation of a statewide C-PACE program
- Allows local governments to opt-in to the C-PACE program and establish their own financing mechanisms
- Enables property owners to voluntarily participate in the C-PACE program and access long-term, low-interest financing for eligible projects
- Requires the state energy office to develop program guidelines and standards
Affected Parties and Impacts: The bill would primarily benefit commercial and industrial property owners, who would have access to affordable financing for clean energy and energy efficiency upgrades. Local governments that opt-in to the C-PACE program would also be impacted, as they would need to establish the necessary administrative and financing structures.
Procedural and Timeline Considerations: The bill has been read for the first time and referred to the Committee on Natural Resources and Energy. The committee will review the bill, hold public hearings, and potentially make amendments before deciding whether to recommend it for a full legislative vote.
Compiled from official sources — confirm details with the bill’s official record.
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