Creates provisions relating to rebates by electrical corporations
Second Read and Referred S Commerce, Consumer Protection, Energy & the Environment Committee
Summary
The bill would have utilities file tariffs to provide rebates to customers who add energy‑storage and, if applicable, new solar panels, with payments ranging from $2 per watt to $0.25 per watt depending on when the system becomes operational. To qualify, a customer must install a smart inverter, connect a storage system to solar, and transfer the renewable energy credits to the utility for ten years. Utilities could recover rebate costs through rate adjustments, but annual and total payouts are capped based on the utility’s size.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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