HF3109 Summary

• Authorizes local governments (cities, counties, towns) to establish voluntary financing programs enabling property owners to finance energy improvements through revenue bonds repaid via special assessments on the property.

• Defines eligible energy improvements as building renovations improving efficiency, electrical vehicle charging infrastructure, and renewable energy systems (solar thermal, solar photovoltaic, wind, geothermal).

• Requires energy audits or renewable energy feasibility studies prior to financing approval, inspections of at least 10% of installations, and verification that improvements are cost-effective.

• Establishes financing terms with maximum 20-year repayment periods, principal amounts not exceeding the lesser of 10% of assessed property value or actual installation costs, and interest rates sufficient to cover program costs.

• Restricts energy generated from improvements from retail sale and requires repayments as special assessments secured by property liens, with bonds payable only from assessment revenues and protected from local government taxing power.