HB 6764 Summary

• Creates a new solar uniform capacity tax of $5 per kilowatt of capacity annually on solar photovoltaic systems over 25 kilowatts starting January 1, 2024, with 50% of revenue dedicated to a municipal assistance account and 50% to the General Fund

• Establishes property tax exemption for solar photovoltaic systems with capacity greater than 25 kilowatts for assessment years beginning October 1, 2023, eliminating the need for annual exemption applications

• Expands renewable energy procurement programs by increasing available megawatts for low-emissions nonresidential projects to 10 megawatts annually and establishing separate zero-emissions (200 megawatts) and shared clean energy facility (50 megawatts) programs

• Modifies low-income customer eligibility definitions to include households earning less than 80% of area median income (previously 60%) and allows affordable housing facilities to participate in shared clean energy facilities

• Requires reports by February 1, 2024 identifying state properties (highway corridors, correctional institutions) and other suitable sites (transmission rights-of-way, parking facilities) for solar development of 2+ megawatts