S.F. No. 4089 Summary

• Appropriates $4,300,000 from the general fund in fiscal year 2023 to the commissioner of commerce for schools to purchase and install solar energy generating systems.

• Establishes funding for the solar for schools program through public utility withholdings of $8,000,000 in 2022, $4,300,000 in 2023, $8,000,000 in 2024, and $8,000,000 in 2025 for financial assistance and administration costs.

• Requires appropriated funds to support schools located outside the electric service territory of the specified public utility.

• Any unexpended funds cancel to the renewable development account five years after being withheld, with the appropriation available until June 30, 2028.

• Grants the public utility ownership of renewable energy credits generated by installed solar systems for the life of the systems, regardless of assistance duration.