NH HB224

Requires excess funds in New Hampshire's Renewable Energy Fund to be rebated to all retail electric ratepayers on a per-kilowatt-hour basis, rather than being used for thermal, electrical, and offshore wind renewable energy initiatives

Eliminates the current requirement that Class II funds primarily support solar energy technologies in New Hampshire

Maintains funding from the Renewable Energy Fund for administrative costs, the Office of Offshore Wind Industry Development and Energy Innovation, and incentive payments before any rebates are distributed

Would reduce General Fund revenue by an estimated $1.5 million to $6.3 million in FY 2026 and FY 2027 due to conflict with existing law that transfers excess Renewable Energy Fund money to the General Fund

Takes effect 60 days after passage