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VT S0138
Bill
Status
Introduced
4/1/2025
Primary Sponsor
Thomas Chittenden
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AI Summary
- Expands Vermont's Property-Assessed Clean Energy (PACE) program to include commercial and industrial buildings, which were previously limited to residential dwellings
- Defines "commercial or industrial building" as any building other than a residential dwelling
- Allows owners of commercial or industrial buildings within PACE districts to enter written agreements with municipalities for financing renewable energy and energy efficiency projects through special property tax assessments
- Requires participating municipalities to follow underwriting criteria from the Department of Financial Regulation and establish qualifying criteria to ensure property owners can meet assessment obligations
- Takes effect on July 1, 2025
Legislative Description
An act relating to commercial property-assessed clean energy projects
Last Action
Favorable report with recommendation of amendment by Committee on Natural Resources and Energy
3/17/2026
Committee Referrals
Natural Resources and Energy4/1/2025
Full Bill Text
No bill text available