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CT HB06503

Bill

Official Source

Status

Introduced

1/24/2023

Primary Sponsor

Jaime Foster

Click for details

Origin

House of Representatives

2023 General Assembly

AI Summary

  • Establishes a solar and geothermal home energy project financing program under title 16 of the general statutes for state residents unable to qualify for traditional financing due to inadequate debt-to-income ratios

  • Limits program eligibility to residents with a history of two years of on-time utility bill payments

  • Caps loan monthly payments so they do not exceed the borrower's current monthly utility payments

  • Targets seniors on fixed incomes and moderate-income residents with significant debt to enable renewable energy home improvements

Legislative Description

An Act Establishing A Financing Program For Renewable Home Energy Projects.

Last Action

Change of Reference, Senate to Committee on Banking

1/31/2023

Committee Referrals

Banking1/26/2023
Energy and Technology1/24/2023

Full Bill Text

No bill text available