This bill creates the Delaware Voluntary Property Assessed Clean Energy (D-PACE) program to establish a clean energy financing program to allow building owners and businesses to install energy efficiency technologies and clean energy systems for qualifying commercial real properties statewide. PACE programs are authorized in more than 30 states nationwide. The financing will be secured by and payable from a voluntary assessment imposed on the property benefited by the qualifying energy improvement. The bill calls upon the Sustainable Energy Utility (SEU) to administer the program and establish a statewide financing program to aid counties in expanding clean energy projects in their jurisdictions. Projects under D-PACE can be financed through the SEU or other participating financial institutions.
AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO A DELAWARE VOLUNTARY CLEAN ENERGY FINANCING PROGRAM THROUGH LOCAL GOVERNMENT ASSESSMENTS.
SPONSORS: McDowell, Paradee, Bushweller, Hansen, Walsh, Bennett, Brady, Lynn, Mulrooney, Spiegelman, Viola, Heffernan
YES VOTES – HOUSE:
YES VOTES – SENATE:
NO VOTES – HOUSE:
NO VOTES – SENATE:
HISTORY: Reported out of Committee on 6/14/17
STATUS: On Senate Ready List.
View HTML View PDF
0 comments on “SB113 – Establishing a Clean Energy Financing Program”