Provides relative to energy storage (RE1 +$8,000,000 GF EX See Note)
The bill outlines a reimbursement mechanism for individuals and certain organizations that purchase and install eligible energy storage systems. The reimbursement rates vary depending on the property type, with specific amounts allocated for residential properties and non-profit or educational institutions. For example, a residential energy storage installation may qualify for a $5,000 reimbursement, whereas a commercial installation that serves as a resiliency center could receive up to $100,000 provided it meets specific criteria. This structure aims to promote energy efficiency and preparedness in the face of natural disasters.
House Bill 807 introduces the Disaster Resiliency Battery Incentive Program, which is designed to promote the installation of energy storage systems across various types of properties. The program will be administered by a third-party entity contracted through the Department of Economic Development, with total funding capped at $8 million. The program is particularly focused on assisting lower and middle-income residential applicants, a move intended to make energy storage technology more accessible to a broader segment of the population. The program is set to terminate on December 31, 2024, although there is potential for renewal pending legislative action.
General sentiment surrounding HB 807 appears to be positive, particularly among advocates for greater community resilience and sustainability. Supporters argue that the bill represents a critical step towards modernizing energy infrastructure and enhancing disaster preparedness. However, there are nuances of contention regarding the specificity of the program and the eligibility criteria, which some critics view as overly restrictive, potentially limiting participation from interested applicants. The focus on resiliency also raises questions about the long-term sustainability of funding and support for these technologies after the termination date.
Key points of contention include the restrictions placed on certain types of energy storage systems—such as mobile systems and electric hot water heaters—which are excluded from eligibility under the program. Critics also point to the need for a more robust funding mechanism that extends beyond the proposed termination date to ensure ongoing support for energy innovations. The delineation of eligible applicants has sparked discussions regarding who can benefit, especially among community centers and non-profits, which for some, reflects a broader debate on local versus statewide control over energy initiatives.