Change provisions relating to the Property Assessed Clean Energy Act

LB 450 amends Nebraska's Property Assessed Clean Energy Act to expand how municipalities can finance energy efficiency and renewable energy improvements on properties. It allows cities, counties, or villages to create "clean energy assessment districts" where property owners (including agricultural, commercial, industrial, and single-family residential properties) can pay for upgrades like solar panels, insulation, or backup generators through annual property assessments over the project's lifespan. The bill updates definitions for terms like "energy efficiency improvement" and "grid resiliency improvement" to clarify eligible projects, such as energy-saving windows, smart grid tech, or renewable systems. Note: This bill was amended into LB 288 on June 6, 2025, and is no longer active in its original form.