Chapter 23M, Section 1 of the General Laws is hereby amended by deleting the definition of “Commercial energy improvements” in its entirety and inserting the following definition in place thereof:
''Commercial energy improvements'', any new construction, renovation, or retrofitting of a qualifying commercial or industrial real property to reduce energy consumption, or installation of renewable energy systems to serve qualifying commercial or industrial property, provided such new construction, renovation, retrofit, or installation is permanently fixed to such qualifying commercial or industrial property.
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