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CT HB06444
Bill
Status
1/23/2025
Primary Sponsor
Higher Education and Employment Advancement Committee
Click for details
AI Summary
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Constituent units of Connecticut's state higher education system (universities and colleges) would be authorized to enter into energy-savings performance contracts, joining state agencies and municipalities who already have this authority
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Maximum payback period for energy-savings performance contracts extended from 20 years to 30 years, allowing longer-term financing for comprehensive energy efficiency projects
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Energy-savings measures covered include lighting upgrades, renewable energy systems, HVAC modifications, water conservation equipment, insulation, and building automation systems
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Contracts must guarantee annual savings that meet or exceed total annual contract payments, with qualified energy service providers required to pay any shortfall if actual savings fall below projections
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Effective date of July 1, 2025; received Joint Favorable report from the Higher Education and Employment Advancement Committee
Legislative Description
An Act Allowing The Constituent Units Of The State System Of Higher Education To Enter Into Energy-savings Performance Contracts.
Last Action
File Number 5
2/20/2025