HB 206, Commercial Property Assessed Clean Energy (CPACE)

Municipal Impact
Position
Support
GMA Contact
Bill Sponsor

Rep. Steven Sainz
District 180

The Commercial Property Assessed Conservation, Energy, and Resiliency Cooperation Law (C-PACE) would allow for development authorities to create a land-secured financing district which acts as a mechanism for financing energy efficiency and renewable energy improvements on private commercial properties. This model allows for commercial property owners to finance the up-front cost of energy or other eligible improvements on a property and then pay the costs back over time through a voluntary tax assessment. The unique characteristic of C-PACE assessments is that the assessment is attached to the property rather than an individual, so financial obligations can be passed in the sale of the property. This mechanism would be municipal option.

Last Updated: 2/8/2024
Subject Area: Economic Development and Redevelopment | Environment |
Resources: bill text
BILL STATUS
2/8/2024 - Pending in Senate Rules

Votes

2/13/2024 Senate Vote #490 Yea - 4 Nay - 42 Not Voting - 4 Excused - 6
3/6/2023 House Vote #216 Yea - 134 Nay - 38 Not Voting - 5 Excused - 3

Comment on this Bill

HB 206 In The News

https://www.energy.gov/scep/slsc/property-assessed-clean-energy-programs