Senate Bill 24-207 Summary

• Establishes "inclusive community solar" requirements for investor-owned electric utilities, with at least 51% of capacity reserved for income-qualified subscribers earning at or below 200% of federal poverty line or 80% of area median income.

• Requires utilities with over 500,000 customers to allocate minimum 50 megawatts of inclusive community solar capacity annually starting January 2026, with smaller utilities allocating 3.5 megawatts annually.

• Mandates utilities acquire entire electrical output of community solar facilities and provide subscribers with 20-year bill credits, with income-qualified subscribers receiving minimum 25-55% discounts depending on federal tax incentive eligibility.

• Requires utilities with over 500,000 customers to acquire at least 50 megawatts of dispatchable distributed generation (renewable energy paired with energy storage) by June 2026, with capacity allocations reviewed periodically thereafter.

• Appropriates $116,505 to the Public Utilities Commission for 2024-25 fiscal year (1.5 FTE and operating expenses) to implement and enforce these distributed energy requirements.