CT SB00463

Establishes energy savings infrastructure loan programs through electric distribution companies providing low-interest loans to residential, commercial, and industrial customers for energy efficiency upgrades and renewable energy installations, with loan terms based on payback period or equipment lifespan, not to exceed the lesser of 125% of investment costs or manufacturer's rated useful life.

Creates residential solar photovoltaic incentive program through the Renewable Energy Investment Fund targeting minimum 30 megawatts of new installations by December 31, 2021, using performance-based incentives or expected performance-based buydowns with declining incentive levels over time.

Requires electric distribution companies to solicit and procure long-term contracts for solar renewable energy credits from nonresidential customer-sited solar projects less than 2,000 kilowatts, with aggregate procurement obligation of at least 4,350,000 credits and 25% of contracts submitted by January 1, 2012.

Modifies renewable portfolio standards by reducing Class I renewable energy source requirements for 2011-2020 (from previously higher targets) and establishes separate energy savings infrastructure accounts funded by a percentage of Class I renewable energy costs to support efficiency and renewable programs.

Authorizes municipalities to establish sustainable energy loan programs funded through municipal bonds to finance energy improvements and renewable energy systems for residential and commercial properties, with repayment terms matching calculated payback periods.