LANSING – A financing tool that helps businesses fund clean energy and energy efficiency projects would be expanded to include additional properties and water quality efforts under legislation announced last week.

House Bill 5011 — sponsored by Rep. Yousef Rabhi, D-Ann Arbor — seeks to expand commercial Property Assessed Clean Energy (C-PACE) financing for infrastructure projects that remediate environmental and water quality hazards, such as lead paint and PFAS. The bill would also waive a current requirement that contractors must guarantee energy savings that cover the initial costs of the project.

House Bill 5012 — sponsored by Rep. Felicia Brabec, D-Pittsfield Township — would allow new construction projects whose energy savings exceed building codes to qualify for C-PACE financing, according to the Michigan Energy Innovation Business Council.

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