|
HOUSE OF REPRESENTATIVES |
H.B. NO. |
949 |
|
THIRTY-SECOND LEGISLATURE, 2023 |
|
|
|
STATE OF HAWAII |
|
|
|
|
|
|
|
|
||
|
|
||
A BILL FOR AN ACT
relating to renewable energy.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 196, Hawaii Revised Statutes, is amended by adding three new sections to part IV to be appropriately designated and to read as follows:
"§196-A Solar energy
storage system loan program. (a)
There is established a solar energy storage system loan program, which
shall be administered by the authority, to provide low-interest loans to asset
limited, income constrained, employed households for the purchase and
installation of residential solar energy storage systems. For the purposes of this section, "asset
limited, income constrained, employed household" means a household that
earns above the federal poverty level, but not enough to afford basic household
necessities.
(b)
The authority may adopt rules pursuant to chapter 91 to carry out the functions,
powers, and duties identified in section 196-64.
§196-B Renewable energy system installation loan
program. (a)
There is established a renewable energy system installation loan
program, which shall be administered by the authority, to provide low-interest
loans to households with an income of up to one hundred forty per cent of the
area median income for the purchase and installation of residential
photovoltaic and energy storage systems, including battery storage systems.
§196-C Solar energy system special fund. (a) There is established in the state treasury
the solar energy system special fund, into which shall be deposited:
(1) Appropriations
made by the legislature for deposit into the fund;
(2) Contributions
from public or private partners; and
(3) All interest
earned on or accrued to moneys deposited in the special fund.
(b) Moneys in the solar energy system special
fund shall be expended by the authority for the solar energy storage system
loan program pursuant to section 196-A and renewable energy system installation
loan program pursuant to section 196-B."
SECTION 2. There is appropriated out of the general
revenues of the State of Hawaii the sum of $200,000,000 or so much thereof as
may be necessary for fiscal year 2023-2024 to be deposited into the solar energy system special fund
established pursuant to section 196-C, Hawaii Revised Statutes.
SECTION 3. There is appropriated out of the solar energy
system special fund established
pursuant to section 196-C, Hawaii Revised Statutes, the sum of $200,000,000
or so much thereof as may be necessary for fiscal year 2023-2024 for the solar energy storage system
loan program established pursuant to section 196-A, Hawaii Revised Statutes,
and renewable energy system installation loan program pursuant to section 196-B,
Hawaii Revised Statutes.
The sum appropriated shall be expended by
the Hawaii green infrastructure authority for the purposes of this Act.
SECTION 4. In codifying the new sections added by section 1 of this Act, the revisor of statutes shall substitute appropriate section numbers for the letters used in designating the new sections in this Act.
SECTION 5. New statutory material is underscored.
SECTION 6. This Act shall take effect on July 1, 2023.
|
INTRODUCED BY: |
_____________________________ |
Report Title:
Renewable Energy; Loan Program; Hawaii Green Infrastructure Authority; Residential Photovoltaic; Energy Storage Systems; Special Fund; Appropriation
Description:
Establishes and appropriates funds for a solar energy storage system loan program to provide asset limited, income constrained, employed households with low-interest loans to purchase and install solar energy storage systems. Establishes and appropriates funds for a renewable energy system installation loan program to provide low- and moderate-income families with low-interest loans to purchase and install residential photovoltaic and energy storage systems, including battery storage systems.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.