Bill > SB998

This bill establishes "on-bill repayment programs" managed by electrical and gas corporations, overseen by the Public Utilities Commission (PUC), to make it easier for property owners and occupants to finance energy efficiency, renewable energy, or distributed generation improvements. These programs allow for the costs of these improvements to be paid back through regular utility bills, with the repayment obligation tied to the property's utility meter, meaning it transfers to new owners or renters who take over service. The bill also mandates that utility companies provide clear disclosures to new customers about these on-bill repayment contracts and requires that information about these programs be included in existing home energy rating booklets. Additionally, it clarifies that on-bill repayment obligations are considered debts owed to the utility company, not a third party, which affects how utility shut-offs are handled in certain situations, particularly in multi-unit dwellings.