HI HB2685

Establishes the solar hui program administered by the Hawaii green infrastructure authority to enable multi-family residential property owners to invest in a solar hui investment fund.

Creates a solar hui investment fund that receives legislative appropriations, investments from property owners, and income from energy services agreements and energy projects, with funds used to finance solar installations for low- and moderate-income households.

Defines low- and moderate-income households as those with income at or below 140% of the area median income as determined by the U.S. Department of Housing and Urban Development.

Establishes a full-time solar hui program fund manager position within the authority to manage the fund, market the program to property owners, and select solar contractors for energy projects.

Appropriates $203,750 from the Hawaii green infrastructure special fund for fiscal year 2024-2025 to implement the solar hui program, including the fund manager position, effective July 1, 2024.