HI HB949

Establishes a solar energy storage system loan program administered by the Hawaii green infrastructure authority to provide low-interest loans to households earning up to 140% of area median income for purchasing and installing residential solar energy storage systems.

Establishes a renewable energy system installation loan program administered by the Hawaii green infrastructure authority to provide low-interest loans to households earning up to 140% of area median income for purchasing and installing residential photovoltaic systems and battery storage systems.

Creates a solar energy system revolving loan fund in the state treasury to be funded by legislative appropriations, public or private contributions, and interest earned on deposited funds, with moneys used to support both loan programs.

Appropriates funds from general revenues for fiscal year 2023-2024 to the solar energy system revolving loan fund and from that fund to support both the solar energy storage system and renewable energy system installation loan programs (specific amounts blank in text).

Takes effect on June 30, 3000.