MI SB1030

Expands property assessed clean energy (PACE) programs to include environmental hazard projects (lead/PFAS mitigation, flood/drought resilience, severe weather protection) in addition to renewable energy and energy efficiency improvements.

Extends PACE financing eligibility to multifamily residential properties with 4 or more dwelling units and adds new construction energy projects that meet Michigan uniform energy code requirements.

Establishes new definitions including "environmental hazard project," "new construction energy project," and expands "energy efficiency improvement" to include water usage reduction and electric vehicle charging infrastructure.

Requires baseline energy audits or modeling before energy projects and mandates contractors guarantee savings-to-investment ratio greater than 1.0 for projects exceeding $250,000 in assessments (unless waived by owner or for new construction).

Reorganizes statute into Part 1 (General Provisions) and Part 2 (Commercial and Industrial Property), maintaining existing PACE program procedures for adoption, public hearings, assessment collection, and bond issuance.