HB1819: Commercial Property Assessed Clean Energy (C-PACE); changes to financing program, definitions.

Legislative Summary

C-PACE financing programs. Makes several changes to the Commercial Property Assessed Clean Energy (C-PACE) financing program, including adding a definition of property owner to include a lessee and providing that the lessee may also be eligible for a C-PACE loan by complying with certain conditions, including consent of the fee simple property owner. The bill also (i) changes from two years to three years from a locality's issuance of a certificate of occupancy the time period within which a local C-PACE ordinance may allow submittal of a loan application and (ii) provides that a locality agrees to execute a locality agreement within 30 days of the adoption of the ordinance that opts them into the statewide C-PACE loan program.