Commercial Property Assessed Clean Energy Act and Resilience Act; create.

HB 12 creates the Commercial Property Assessed Clean Energy and Resilience (C-PACER) program, enabling commercial property owners (including agricultural, industrial, and multifamily properties with five or more units) to access long-term financing for qualifying energy efficiency, renewable energy, water conservation, and storm resilience upgrades. Local governments may establish voluntary C-PACER programs that allow property owners to repay financing through special assessments added to property taxes, with private lenders providing the initial funds. Qualifying projects include permanent improvements like solar panels, water-saving systems, flood barriers, or energy storage, subject to local government approval. The bill defines key terms, requires application reviews, and permits local governments to administer programs directly or through third parties.