FL H7229

Revises Florida's energy policy to prioritize affordability, adequate supply, reliability, cost stability, environmental protection, economic synergies, and reducing energy expenditure exports, in order of priority

Eliminates renewable portfolio standards and renewable energy credit requirements; instead allows electric providers to recover costs for producing or purchasing renewable energy through environmental cost-recovery clause (capped at 2% of 2009 retail electricity revenues) with at least 20% from non-solar sources and 5% from customer-owned solar under 2 megawatts

Prohibits the Department of Environmental Protection from adopting cap-and-trade programs or regulating carbon emissions in Florida, replacing previous climate change reduction mandates with market-based approaches

Exempts renewable energy facility expansions (up to 200 megawatts statewide) owned by local governments from needing a determination of need, and creates Agriculture and Clean Energy Economic Development Pilot Project allowing up to 65 megawatts of agricultural greenhouse waste-heat energy to qualify as renewable

Restructures Florida Development Finance Corporation by removing local government activation requirements, establishing the Energy, Technology, and Economic Development Guaranty Fund, and allowing the corporation to issue bonds for renewable energy projects and federal recovery act initiatives without requiring interlocal agreements