H.F. 3436 - Energy Bill Summary

• Establishes multiple grant and loan programs totaling $191.5 million in fiscal year 2021 funding across energy efficiency, renewable energy, electric transportation, and climate initiatives

• Creates zero-interest school energy conservation revolving loan fund ($20.5M), residential and commercial energy efficiency grants ($15M each), nursing home efficiency grants ($20M), and solar rebates for schools ($16M) and residences ($10M)

• Establishes electric vehicle rebate program ($2,500 for new vehicles, $500 for used) and electric school bus ($20M) and transit bus ($20M) grant programs to encourage electrification of transportation

• Provides grants for city climate action planning ($5M), composting pilot projects in multifamily buildings ($5M), innovative distributed energy projects ($5M), and Conservation Reserve Program incentive payments ($6.5M)

• Appropriates $1M to University of Minnesota to investigate carbon sequestration potential on public and private lands and report recommendations to legislature by January 15, 2022