IN SB0260

Authorizes legislative bodies of political subdivisions (excluding townships) to establish clean energy improvement financing districts that allow property owners to voluntarily finance energy improvements through special assessments on their property

Defines eligible clean energy improvements to include wind energy, solar panels, photovoltaic systems, geothermal heating/cooling, landfill gas systems, waste heat recovery, and conservation measures such as insulation, energy-efficient windows, and HVAC modifications

Requires participating property owners to submit applications demonstrating no delinquent property taxes and showing that projected energy savings over the useful life of improvements will exceed the actual costs

Permits issuance of bonds to fund the clean energy improvements, with a 20-year repayment period through annual assessments billed and collected alongside property taxes by the county treasurer

Specifies that bonds are not obligations of the political subdivision but are payable solely from the special assessments levied on participating properties within the district