HI HB340

Establishes a "grid-ready home" interconnection process within 180 days, requiring the Public Utilities Commission to create streamlined procedures for residential renewable energy and storage system installations using UL 1741 certified equipment

Sets a $350 cost-sharing fee for service upgrades paid by asset owners, with utilities required to process notifications and grant interconnection within two weeks for homes with approved electrical permits

Allows licensed electricians to isolate electrical service at utility meters for panel replacements and upgrades, subject to utility notification and inspection confirmation requirements

Authorizes the Hawaii electricity reliability surcharge to cover costs associated with implementing the grid-ready home interconnection process, including staffing, training, and infrastructure upgrades

Requires annual reporting on the grid-ready home interconnection process, including number of customers served, average approval timelines, fees collected, costs recovered, and value of infrastructure upgrades deferred or avoided