Commercial building owners very rarely miss payments on property assessed clean energy loans, a federal lab found.
The state’s commercial property assessed clean energy program was originally designed for building retrofits only.
The state’s property assessed clean energy law requires local governments to pass ordinances to establish the program.
The legislation would centralize oversight of residential PACE programs with the state’s Division of Finance.
A financing tool for clean energy investments is seeing major growth in Michigan this year, and supporters say it’s a sign of more projects to come.