Wisconsin Assembly Bill AB832

Wisconsin 2023-2024 Regular Session

• Introduced: 12/22/23
• Refer: 12/22/23
• Failed: 4/15/24

Caption

On-bill financing of energy improvements and granting rule-making authority. (FE)

Impact

If enacted, AB832 has the potential to significantly impact state laws concerning energy financing and public utility regulations. By enabling public utilities to recover costs through customer surcharges, it provides a structured method for financing energy improvements while promoting energy efficiency. The program could enhance access to renewable energy technologies for many homeowners and support the state's goals in reducing overall energy consumption and greenhouse gas emissions. This framework encourages more residents to undertake home upgrades that they might otherwise avoid due to upfront costs.

Summary

Assembly Bill 832 aims to establish an on-bill financing program for energy improvements in Wisconsin. This bill requires the Public Service Commission to create a program whereby public utilities can finance energy upgrades at residential properties. The costs incurred for these improvements can then be recovered through a surcharge applied to the customers' utility bills over time. This initiative is anticipated to incentivize homeowners to invest in energy-efficient upgrades without facing the immediate financial burden, as payment can be made gradually via their utility bills.

Contention

Despite its potential benefits, the bill may face contention regarding the affordability of the surcharge and the financial implications for consumers. There may be concerns about how the surcharge is calculated and implemented, including transparency and fairness in reflecting the actual costs of the improvements. Some stakeholders might argue that this approach could strain low-income households disproportionately, raising issues about the equitable distribution of benefits associated with energy improvement financing. Ensuring that the program includes protections for vulnerable residents will be essential for the bill's acceptance.

Notable_points

AB832 represents a significant shift towards systemic support for residential energy improvements in Wisconsin. Notably, while the bill's supporters may argue that it fosters sustainable practices and long-term savings for homeowners, opponents may focus on scrutinizing the implementation framework and its impact on consumers. The success of this initiative will hinge on the balanced establishment of program rules by the Public Service Commission, ensuring that all consumers see real benefits from energy improvements without undue financial strain.