SB 54 — Session Law

… FORMERLY SENATE BILL NO. 54 AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO THE DELAWARE VOLUNTARY CLEAN ENERGY FINANCING PROGRAM BASED ON PROPERTY ASSESSMENTS (D- PACE) OR OTHER LOCAL ASSESSMENT STATUTE. BE IT ENACTED BY THE GEN …

… rtions as shown by underline as follows: (d) The SEU shall establish a D-PACE Program in the State to fund qualifying energy improvements to commercial real property, such that the improvements, property, and owner or owners fulfill the req …

… If a benefited property owner requests D-PACE financing from the SEU or a third-party capital provider for qualifying energy improvements under this section, the SEU shall: a. Require performance of an SEU approved energy audit or feasibility …

… ovider for qualifying energy improvements under this section, the SEU shall: a. Require performance of an SEU approved energy audit or feasibility analysis of such qualifying energy improvements on the qualifying commercial real property that …

… on, the SEU shall: a. Require performance of an SEU approved energy audit or feasibility analysis of such qualifying energy improvements on the qualifying commercial real property that assesses the expected energy cost savings over the usefu …

… alysis of such qualifying energy improvements on the qualifying commercial real property that assesses the expected energy cost savings over the useful life of such improvements unless a qualifying energy improvement is deemed automatically …

… property that assesses the expected energy cost savings over the useful life of such improvements unless a qualifying energy improvement is deemed automatically qualified by the SEU; b. Require an evaluation of the property owner's credit, h …

… an aggregating entity for the purpose of securing public, foundation, or private third-party financing for qualifying energy improvements pursuant to this section. (4) The SEU may use the services of 1 or more private, public or quasi-public t …