Connecticut Senate Bill SB00358

Connecticut 2014 Regular Session

• Introduced: 2/27/14
• Refer: 2/27/14

Caption

An Act Concerning The Commercial Property Assessed Clean Energy Program.

Impact

The legislation will impact state laws regarding how local municipalities can participate in energy improvement initiatives. By allowing participating municipalities to enter agreements with the Clean Energy Finance and Investment Authority, the bill creates a clear structure for advancing renewable energy installations and retrofitting projects. This is expected to lead to increased investment in sustainable energy solutions at the local level, potentially boosting local economies and reducing carbon footprints.

Summary

SB00358, titled 'An Act Concerning The Commercial Property Assessed Clean Energy Program', focuses on facilitating energy improvements in qualifying commercial properties by amending the definition of energy improvements to encompass participation in district heating and microgrid systems. The bill is aimed at enhancing sustainability by supporting the financing of clean energy projects through established benefit assessments. It establishes a framework for municipalities to assess and collect benefit assessments from property owners who opt to improve energy efficiency and reduce consumption.

Contention

Notably, while the bill promotes benefits for commercial property owners looking to adopt greener practices, discussions may arise regarding the financial implications for municipalities and property owners involved in benefit assessments. Critics may express concerns about the long-term financial commitments required from property owners and how these assessments could affect property values. Nevertheless, proponents of the bill assert that the long-term environmental and economic benefits of adopting sustainable practices outweigh these concerns.