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SB 303

Energy: alternative sources; property assessed clean energy program; include environmental hazard and new construction projects and agricultural and multifamily property. Amends title & secs. 3, 5, 7, 11, 13, 15 & 17 of 2010 PA 270 (MCL 460.933 et seq.).

2023-2024 Regular Session Introduced by Darrin Camilleri and 10 co-sponsors

Michigan expands its property tax-based clean energy financing program to cover environmental remediation, new construction, farms, and multifamily buildings, broadening access to sustainable infrastructure investment.

ASSIGNED PA 0107'23
#energy:alternativesources #energy:conservationandefficiency #health:hazardousproducts #propertytax:specialassessments #watersupply:qualityandstandards
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Bill Summary · SB 303

Legislative bill overview

SB 303 expands Michigan's Property Assessed Clean Energy (PACE) program to include environmental remediation projects, new construction, agricultural properties, and multifamily residential buildings. Previously, the program was limited to existing commercial and residential properties. The bill amends the 2010 PACE statute to broaden eligible project types and property classes.

Why is this important

PACE programs allow property owners to finance energy efficiency and renewable energy improvements through property tax assessments, making clean energy upgrades more accessible by spreading costs over 10-20 years. This expansion increases capital available for green infrastructure while potentially accelerating Michigan's transition away from fossil fuels across multiple sectors.

Potential points of contention

  • Agricultural impact uncertainty: Expanding to farm properties introduces questions about implementation costs and whether farmers will utilize the program, given different financial structures and land-use patterns
  • Multifamily property risks: Multifamily PACE financing can create disputes between landlords and tenants over assessment responsibility and whether improvements benefit renters equitably
  • Environmental hazard liability: Including contaminated property remediation raises questions about whether PACE assessments properly account for remediation risks and whether lenders are adequately protected if property values don't improve as expected

Compiled from official sources — confirm details with the bill’s official record.

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