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Commerce Committee hears bill to streamline CPACE financing for commercial and multifamily properties
Summary
Senate Bill 4 would revise New Hampshire’s CPACE statute to designate the Business Finance Authority as a central administrator and fix technical barriers that have kept the program unused; sponsors and stakeholders said the change requires no state appropriation and is voluntary for municipalities.
Senator Dan Innes, chairing the Commerce Committee, introduced Senate Bill 4 on behalf of its prime sponsor, describing the proposal as a package of statutory revisions to revive and streamline New Hampshire’s commercial property assessed clean energy (CPACE) program.
The bill would designate the state Business Finance Authority (BFA) as a central administrator for CPACE, correct technical wording in existing law and otherwise change the statutory framework so lenders, developers and municipalities can use CPACE financing for energy efficiency, renewable energy and related measures on commercial and multifamily buildings.
The measure matters because CPACE allows the energy portion of a building project to be financed separately and repaid through a property tax assessment rather than…
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