HB 7251 Summary

• Net metering credits expire December 31, 2021 for non-residential customers and upon expiration of the residential solar investment program for residential customers, with credits valued at one kilowatt-hour for one kilowatt-hour produced, declining to avoided cost of wholesale power after annual reconciliation.

• Extends renewable energy credit procurement contracts from 8 to 10 years, increasing annual procurement from $8 million to a peak of $80 million in years 11-15, with two-megawatt capacity limits for Class I generation projects on customer side of revenue meter.

• Establishes new tariff system for residential and non-residential customers to purchase energy from Class I renewable sources up to two megawatts, with options for either full energy purchase or net energy purchase tariffs, effective after residential solar investment program expires.

• Increases residential solar photovoltaic deployment target from 300 to 350 megawatts through December 31, 2022, with electric distribution companies required to purchase 15-year tranches of solar home renewable energy credits.

• Mandates joint study by Department of Energy and Environmental Protection and Public Utilities Regulatory Authority on value of distributed generation, with findings due by July 1, 2020.