Maine C-PACE Legislation

This bill establishes commercial property assessed clean energy (C-PACE) programs to finance energy savings improvements related to energy efficiency, weatherization, or the installation of renewable energy, energy storage, electric vehicle supply equipment, or qualified heating equipment. This program can be administered by the Efficiency Maine Trust, a 3rd party in contract with the Trust, or a municipality that adopts a C-PACE ordinance. The bill details program administration, participation, quality assurance, terms and conditions, underwriting, assessments collection, default and foreclosure, reporting, and more.