MN HF1147

Defines "cost-effective energy improvements" as energy upgrades identified in an energy audit or feasibility study that repay their costs in 20 years or less based on future energy savings and estimated energy prices.

Requires financing programs to not prohibit financing of all cost-effective energy improvements and to require all such improvements be made to a property prior to or concurrent with repayment of financing.

Mandates that all cost-effective energy improvements be performed by licensed contractors and establishes disclosure requirements to borrowers regarding default and foreclosure risks.

Allows special assessments for energy improvements financing programs to be repayable in up to 20 equal installments, extended from the standard 10 annual installments.

Requires implementing entities to verify ability to repay and prohibits financing for properties where owners are delinquent on mortgage or real property tax payments.