CT HB06472

Establishes a Commercial Property Assessed Clean Energy (PACE) program administered by the Clean Energy Finance and Investment Authority to finance energy improvements for commercial and industrial properties.

Expands eligible energy improvements to include participation in district heating and cooling systems, solar thermal systems, and geothermal systems, in addition to existing energy efficiency retrofits and renewable energy installations.

Authorizes the authority to issue bonds and secure financing through benefit assessments (liens) on qualifying commercial real property, with liens collected like property taxes and taking precedence over all encumbrances except municipal tax liens.

Requires property owners to receive energy audits before financing approval, provide 30-day notice to existing mortgage holders before lien recording, and allows a 3-business-day rescission period for financing agreements.

Permits participating municipalities and the authority to assign benefit assessment liens to third parties, allowing assignees to enforce liens through foreclosure and recover collection costs and attorney fees.