SB625:

Low-to-Moderate Income Solar Fund and Program; financial incentives.

Bill Summary:

Low-to-Moderate Income Solar Loan and Rebate Fund and Pilot Program; financial incentives. Provides that the purpose of the Low-to-Moderate Income Solar Loan and Rebate Fund and the Low-to-Moderate Income Solar Loan and Rebate Pilot Program is to provide financial incentives, which may include grants, loans, rebates, and other inducements, to electric customers who complete solar installations and energy efficiency projects and renames the Fund and Program to the Low-to-Moderate Income Solar Financial Incentives Fund and Pilot Program to reflect such purpose. Under current law, the Fund and Program may only offer loans and rebates to customers who complete either solar installations or energy efficiency projects. The bill reassigns the duty to accept and review applications to the Program for such financial incentives from the Clean Energy Advisory Board to the Direc­tor of the Department of Energy. The bill updates references to the Maryland-DC-Delaware-Virginia Solar Energy Industries Association with the association's new name, the Chesapeake Energy Storage and Solar Association.