PACE in New Hampshire
New Hampshire passed PACE-enabling legislation in 2009 for renewable and energy efficiency improvements. There is one active program — NH C-PACE, which launched in 2016 and is currently operational in Hanover, NH.
Active PACE programs
The Jordan Institute and its program partners – Sustainable Real Estate Solutions, Resilient Buildings Group, and the NH Community Development Finance Authority – launched New Hampshire’s statewide C-PACE program in 2016. Launch of the program is supported by generous donors and foundations.
No Public Money
Unlike other states and jurisdictions that are running C-PACE programs, New Hampshire’s statewide program will be launched without public dollars – no tax dollars, no bonds, no ratepayer dollars, no State dollars.
Consistent Program Throughout NH
C-PACE in NH is designed to have consistent guidelines and administration throughout the state. Building owners with properties in multiple towns, and contractors and capital providers serving multiple towns will all benefit from a consistent program.
No Municipal Liability
The primary role for municipalities in NH C-PACE is limited to adopting the statute and billing/collection of C-PACE payments. The municipality is not responsible for program administration, project vetting and oversight, or responsibility for missed payments.
Mortgage Lenders Maintain A Senior Lien Position
In other states the C-PACE lien is senior to any mortgage on the property. In NH, a C-PACE lien is junior to a mortgage providing allowing for greater acceptance in the NH banking community.
– or –