MN HF2624

Expands the Property Assessed Clean Energy (PACE) program to include farmland (classified as 2a, 2b, or 2c for property tax purposes) as eligible qualifying commercial real property.

Defines "land and water improvements" to include permanent farmland improvements that increase agricultural productivity or resiliency and reduce environmental impact, as well as water conservation measures with permanently affixed equipment.

Requires an agronomic assessment (study by independent third party) for farmland projects, in addition to energy audits or renewable energy feasibility studies for other commercial properties.

Adds requirement that mortgage lenders receive notice and provide written consent before any improvements are financed or assessments imposed on qualifying commercial real property.

Maintains existing PACE program requirements including licensed contractor performance, borrower ability-to-repay verification, inspection of installations, and liability running with the property.