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Bill Summary Details

Property Assessed Clean Energy Program (Support)

HB 365 (Watson, B.) and SB 770 (Rodriguez) expand qualifying improvements under the Property Assessed Clean Energy (PACE) program. PACE is a means for property owners to voluntarily finance private property improvements related to renewable energy and energy efficiency through assessments levied on their property tax bill. The bills include sewage treatment and seawall improvements as “qualifying improvements” eligible for PACE financing. In addition, SB 770 includes in the program improvements to the underground infrastructure of homes to promote greater resiliency, such as raising electrical boxes or home foundations. (O’Hara)