2017 SB 215 Energy & Water Project Financing

CVNM Position:

Support

Year:

2017

Sponsors:

Peter Wirth

Topics:

Energy & Climate Change
Water

Legislative Info:

SB 215 on nmlegis.gov »

Description

SB 215 would have allowed a property owner to enter into an assessment contract (financing in their mortgage) with a renewable energy district for purposes of financing energy improvements (including distributed renewable energy systems, energy storage systems or energy efficiency improvements) or water conservation improvements to the owner's property. These types of programs are also called PACE (Property Assessed Clean Energy) programs.

Outcome

SB 215 died in the Senate Corporations and Transportation Committee.