Relative to commercial property assessed clean energy and resiliency...

HB450, introduced on January 10, 2025, proposes to establish a program called Commercial Property Assessed Clean Energy and Resiliency (C-PACER). This program would allow commercial property owners to fund energy efficiency and resiliency improvements through special assessments on their property. These improvements could include solar panels, energy-efficient HVAC systems, and other upgrades to make buildings more sustainable and resilient against climate impacts.

If passed, HB450 would affect commercial property owners by giving them an option to invest in sustainability upgrades that could lower their energy costs and improve building resilience. The costs of these upgrades would be spread over time through property assessments rather than requiring a large upfront investment. The bill's current status is that it was deemed inexpedient to legislate, meaning the House decided not to move forward with it on March 26, 2025.

The key actions include the bill's introduction and referral to the Science, Technology and Energy Committee on January 10, 2025. A public hearing was held on January 28, 2025. After a committee work session and report on March 14, 2025, the House voted to not pursue the bill any further.