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Committee raises cautions on expanding PACE financing to commercial properties
Summary
Senators discussed a bill to expand Property Assessed Clean Energy (PACE) financing from residential to commercial properties, with members citing title-transfer and bankruptcy problems in other states and asking for a careful review before expansion.
The committee discussed draft language to expand PACE (property‑assessed clean energy) financing—already enabled in Vermont for residential projects—to commercial properties, but several senators urged caution and additional study.
Why it matters: PACE programs allow owners to repay clean‑energy or efficiency investments through a property‑tax assessment. Expanding the…
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