relative to commercial property assessed clean energy and resiliency (C-PACER).
Sponsored By: Daniel E. Innis (Republican)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 0 benefits, 1 costs, 2 mixed.
Property owners pay upgrade financing fees
Participating property owners bear program administration costs, and the Business Finance Authority can charge fees needed to run the program. Municipal reimbursement is limited to actual program expenses paid from amounts collected from the owner; no fee amount or cap is set. Financing principal cannot exceed the lesser of 35% of appraised property value or actual qualifying improvement costs. Repayment cannot exceed 30 years, and financing can include related permit, engineering, lender, administrative, and interest costs. The private financing agreement sets payment schedules, prepayment terms, and penalties.
New upgrade financing for commercial properties
Beginning January 1, 2026, New Hampshire municipalities can adopt districts offering private financing for commercial and multifamily property upgrades. Residential properties need at least five dwelling units; eligible energy, water-saving, and resilience improvements must be permanently attached. Participating municipalities must adopt a resolution defining the program, district boundaries, repayment methods, and responsible officials. The Business Finance Authority oversees the program and approves projects, which must show public benefits and meet building-performance standards. Completed improvements can qualify up to 36 months before application, with waivers allowed; installation and operation must be verified afterward.
Property buyers inherit upgrade repayment duties
Private upgrade financing is secured by a recorded property lien; buyers automatically inherit the agreement's duties and liability. Assessments require project approval, voluntary owner agreement, and every owner's signature or documented authority to sign for them. Each mortgage or deed-of-trust holder must confirm in writing that the assessment does not trigger a loan default. Property taxes and assessments must be current, and involuntary liens over $10,000 must be removed by closing. The lien ranks behind property taxes; with all required lender consents, it survives foreclosure and similar sales. Owners receive a risk statement, but lenders can enforce missed payments through a property sale and charge agreed penalties. Amounts not yet due cannot be demanded early because of default, mortgage holders can increase escrow payments, and full repayment requires lien discharge.
Sponsors & Cosponsors
Sponsor
Daniel E. Innis
Republican • Senate
Cosponsors
Tara Reardon
Democratic • Senate
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Signed by the Governor on 02/27/2025; Chapter 0001; Effective 01/01/2026
3/3/2025SenateEnrolled Adopted, VV, (In recess 02/13/2025); SJ 6
2/19/2025SenateEnrolled (in recess of) 02/13/2025 HJ 4 P. 42
2/19/2025HouseOught to Pass: MA VV 02/13/2025 HJ 5 P. 32
2/13/2025HouseMinority Committee Report: Inexpedient to Legislate
2/6/2025HouseMajority Committee Report: Ought to Pass 02/04/2025 (Vote 15-3; RC) HC 11 P. 13
2/6/2025HouseExecutive Session: 02/04/2025 02:30 pm LOB 302-304
1/30/2025HousePublic Hearing: 02/04/2025 02:00 pm LOB 302-304
1/30/2025HouseOught to Pass: RC 23Y-0N, MA; OT3rdg; 01/30/2025; SJ 4
1/30/2025SenateIntroduced (in recess of) 01/09/2025 and referred to Science, Technology and Energy HJ 4 P. 28
1/30/2025HouseCommittee Report: Ought to Pass, 01/30/2025, Vote 5-0; SC 7
1/14/2025SenateHearing: 01/09/2025, Room 100, SH, 01:30 pm; SC 4
12/30/2024SenateIntroduced 01/08/2025 and Referred to Commerce; SJ 2
12/30/2024Senate
Bill Text
Enrolled
2/19/2025
Introduced
12/30/2024
CHAPTERED FINAL VERSION
Version adopted by both bodies
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