MI SB0518

Establishes a framework for community solar facilities in Michigan, defined as solar photovoltaic systems up to 5 megawatts with at least 3 subscribers connected to the state's electric distribution grid

Requires electric providers to apply bill credits to subscribers' monthly electric bills based on their proportional share of the community solar facility's electricity generation for at least 25 years from commercial operation

Limits individual subscriber ownership to no more than 40% of a facility's output, and mandates that at least 60% of capacity be subscribed by small subscriptions (40 kilowatts or less) within one year of operation

Defines "low-income household" eligibility criteria including households at 80% or below area median income or 200% of the federal poverty line, and recognizes low-income service organizations as potential subscribers

Requires subscriber organizations to maintain updated subscriber lists and electric providers to submit monthly reports on bill credits generated and applied; the bill is contingent on Senate Bill 519 also being enacted