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2014 SESSION

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HB 1001 Electric utilities; on-bill financing programs for eligible energy efficiency measures.

Introduced by: David E. Yancey | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Electric utilities; on-bill financing programs for eligible energy efficiency measures. Requires electric utilities to file with the State Corporation Commission a plan for implementing an on-bill financing program. An on-bill financing program allows eligible residential customers to arrange through the utility for the installation of energy efficiency measures that are projected to have estimated electricity savings sufficient to exceed the costs of the measure by not less than 10 percent, without any required upfront payment. The customer will be allowed to pay back the costs of the measures through an agreement, not to exceed five years in duration, that provides for a designated charge to be placed on the customer's billing statement.


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