HB1079--RENEWABLEENERGY
SPONSOR: Plank
BeginningJanuary1,2024,throughDecember31,2032,thisbill
authorizesataxcreditforaqualifiedtaxpayerof30%of
residentialsolarpropertyexpendituresmadebythetaxpayer.
BeginningJanuary1,2033,throughDecember31,2033,theauthorized
taxcreditincreasesto35%andforalltaxyearsbeginningonor
afterJanuary1,2034,thetaxcreditincreasesto40%.The
programsunsetsDecember31st,sixyearsaftertheeffectivedate.
Thebillalsoincreasestherequiredpercentagesofeachelectric
utility'ssalesthatmustcomefromrenewableenergyresources.
Thepercentagerequiredbeginswithnolessthan15%byDecember
31,2023andincreasesincrementallytonolessthan100%by
December31,2058.