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BFA and clean‑energy advocates push revised C‑PACE bill to unlock private capital for building upgrades
Summary
A revised commercial Property Assessed Clean Energy (C‑PACE) bill would create a central administrator (the Business Finance Authority), fix technical drafting errors in the existing statute and provide towns with implementation support so private lenders can offer long‑term financing repaid via property tax assessments.
Representative Michael Vohs introduced House Bill 450 on behalf of Speaker Sherman Packard. The bill would create a modern commercial Property Assessed Clean Energy program to allow private lenders to finance eligible efficiency and resiliency upgrades on commercial and multifamily (5+ unit) properties, with repayment attached to property tax bills in participating municipal districts.
James Key Wallace of the New Hampshire Business Finance Authority told the committee the BFA was asked to rework…
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