PA SB505

Amends Pennsylvania's energy efficiency and conservation program (Section 2806.1 of Title 66) to add "resilience" as a core program goal, requiring electric distribution companies to include measures that increase consumer resilience to extreme weather events in their plans

Expands eligible efficiency measures to include battery systems, home fuel cells, virtual power plant systems, heat pump installation, smart connected thermostats, and electrical panel upgrades; allows up to 15% of plan funds for distribution system loss reduction and up to 10% for preweatherization health and safety upgrades for low-income households

Creates a new financial incentive mechanism allowing electric distribution companies to earn up to 10% of net benefits for customers above 150% of federal poverty level and 25% of net benefits for low-income customers, based on verified energy reductions exceeding targets

Requires the commission to establish a daily peak demand reduction program by November 30, 2030, and extends the effective life of conservation plans from 15 years to at least 15 years with individual measures potentially exceeding that term

Most provisions take effect May 31, 2031, while penalty revisions, the financial incentive mechanism, and an industrial sector effectiveness study take effect in 60 days; applies only to electric distribution companies with 100,000 or more customers