CT SB00973

Establishes a residential sustainable energy program administered by the Connecticut Green Bank to fund qualifying improvements to residential properties through benefit assessments collected as property taxes.

Expands eligible improvements to include energy efficiency, clean energy systems, water conservation, and resilience measures such as flood and hurricane resistant construction, with ancillary work for health and safety issues permitted.

Limits the program to single-family and multifamily residential dwellings of four or fewer units and establishes underwriting criteria including property owner income evaluation, current tax and mortgage payments, no foreclosure or bankruptcy, and assessment cap at 20 percent of property fair market value with maximum term of 25 years.

Requires the Connecticut Green Bank to develop consumer protection standards informed by United States Department of Energy guidelines, including property owner disclosures, contractor licensing requirements, financing estimate forms, three-day rescission rights, and oral confirmation procedures.

Authorizes participating municipalities to levy benefit assessments against qualifying properties and assign liens to the bank, with assessments collected and prioritized like property taxes but subordinate to existing mortgage liens.