SB2100 Summary

• Amends Section 196-6.5 to allow demand water heater devices as a variance alternative for new single-family homes, requiring life cycle cost analysis to be less than solar water heater systems and at least one other gas appliance to be installed.

• Replaces the renewable energy technology tax credit with separate credits for solar energy systems (35% for water heating), solar or wind systems with energy storage (25-35%), standalone energy storage systems (25-35%), and wind energy systems (20%), with credits phasing down by 2027 and expiring after December 31, 2036.

• Establishes tiered credit percentages based on installation dates: 25-35% for systems placed in service through December 31, 2025; 20% for 2026; and 15% for 2027 and beyond.

• Adds definitions for "energy storage system," "basis," "grid-connected," and "first placed in service," and allows planned community associations and condominium associations to claim credits for common area systems.

• Applies to taxable years beginning after December 31, 2018, with the Act taking effect July 1, 2050.