On January 14, 2024, the New Hampshire Legislature introduced Senate Bill 4, aimed at enhancing municipal capabilities to implement clean energy and resiliency projects through a structured financing program. The bill establishes a framework for municipalities to engage in the Commercial Property Assessed Clean Energy and Resiliency (C-PACER) program, which allows property owners to finance qualifying improvements via special assessments.

Key provisions of the bill define essential terms such as "municipal program official," "qualifying improvement," and "special assessment agreement." The legislation outlines the roles of municipalities and program administrators in managing project applications and financing agreements. Qualifying improvements include energy conservation measures, clean energy installations, and water conservation efforts, all designed to bolster sustainability and resilience against climate impacts.

The introduction of SB 4 has sparked discussions among lawmakers and stakeholders regarding its potential economic and environmental benefits. Proponents argue that the bill will facilitate significant investments in clean energy infrastructure, potentially leading to job creation and reduced energy costs for residents. However, some critics express concerns about the financial implications for municipalities and property owners, particularly regarding the long-term commitments associated with special assessments.

As the bill progresses through the legislative process, its implications for local governments and property owners will be closely monitored. If passed, SB 4 could mark a significant step toward advancing New Hampshire's clean energy goals and enhancing community resilience in the face of climate change. The next steps will involve committee reviews and potential amendments as lawmakers weigh the bill's benefits against its challenges.