§ 35-A §10202 — Definitions

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.
1.
Commercial PACE.
"Commercial PACE" means commercial property assessed clean energy.
2.
Commercial PACE agreement.
"Commercial PACE agreement" means an agreement that authorizes the creation of a commercial PACE assessment on qualifying property and that is approved in writing by all owners of the qualifying property at the time of the agreement.
3.
Commercial PACE assessment.
"Commercial PACE assessment" means an assessment made against qualifying property to finance an energy savings improvement.
4.
Commercial PACE lien.
"Commercial PACE lien" means a lien secured against a qualifying property that is created by a commercial PACE assessment.
5.
Commercial PACE ordinance.
"Commercial PACE ordinance" means an ordinance adopted by the legislative body of a municipality for the purpose of participating in a commercial PACE program.
6.
Commercial PACE program.
"Commercial PACE program" means a program established under this chapter by the trust, a 3rd party contracted by the trust or a municipality, under which commercial property owners can finance energy savings improvements on qualifying property.
7.
Energy savings improvement.
"Energy savings improvement" means an improvement or series of improvements to qualifying property that, as determined by the trust, are new and permanently affixed to qualifying property and that:
8.
Qualifying property.
"Qualifying property" means real commercial property that:
9.
Renewable energy installation.
"Renewable energy installation" means a fixture, product, system, device or interacting group of devices installed behind the meter at a qualifying property, or on contiguous property under common ownership, that produces energy or heat from renewable sources, including, but not limited to, photovoltaic systems, solar thermal systems, highly efficient wood heating systems, geothermal systems and wind systems that do not on average generate more energy or heat than the peak demand of the property.
10.
Trust.
"Trust" means the Efficiency Maine Trust established in section 10103.

Legislative History

PL 2021, c. 142, §1 (NEW).