HB 576 (2023)
Increase access to funding for energy efficiency and renewable energy upgrades in local districts
This bill became law.
Enables "commercial property assessed clean energy" (C-PACE). According to the report from the House Science, Technology, and Energy Committee, this bill would "allow investors and private equity lenders to make loans for commercial clean energy and energy efficiency construction projects in NH to access tools such as up a 60% Federal tax credit. ... C-PACE uses borrowed capital to pay for the up front costs associated with energy efficiency or renewable energy improvements. Unlike other project financing, the borrowed capital is repaid over time via a tax assessment that runs with the property."
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