VA SB327

Requires Phase I and Phase II electric utilities to establish pilot programs for energy conservation, solar generation, and energy storage serving low-income, elderly, and disabled customers by December 31, 2026

Phase II Utilities must fund programs at $23 million annually, while Phase I Utilities must fund at $5 million annually, with amounts increasing each year based on Consumer Price Index or the utility's 15-year compound annual growth rate

Utilities must provide incentives directly to customers, with priority given to low-income, moderate-income, elderly, and disabled persons residing in public housing owned or controlled by redevelopment and housing authorities

State Corporation Commission must convene a technical conference by November 1, 2026 to evaluate creating a "Pay As You Save" program for energy efficiency investments, and may require utilities to petition for implementation by May 1, 2027

Pilot program provisions expire on July 1, 2034