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Committee reviews new CPACE draft, focuses on statewide administrator and lien mechanics
Summary
The Natural Resources & Energy Committee reviewed draft 3.1 of S.138 to authorize commercial property assessed clean energy (CPACE) financing, debating a statewide program administrator, the municipality’s role as collector (not lender), required engineering analyses, lien priority, and mortgage‑holder consent.
A Vermont legislative committee on Thursday examined a new draft of S.138 that would expand property assessed clean energy financing to commercial and industrial buildings while adding a statewide program administrator and clarifying municipal roles.
The bill’s drafter, who identified herself as Suna, said draft 3.1 replaces earlier language and envisions a program administrator ‘‘that would be statewide’’ to handle key administrative duties. Suna said municipalities would ‘‘not be the ones who are lending’’ and instead would work with third‑party lenders and, in her words, act primarily to collect special assessments on tax bills.
Why it matters: proponents say CPACE helps commercial property owners afford energy efficiency, renewable energy and…
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