Bill
Bill > HB2775
OR HB2775
Relating to discounted mortgage loans for installation of energy generation improvements.
summary
Introduced
01/13/2025
01/13/2025
In Committee
01/17/2025
01/17/2025
Crossed Over
Passed
Dead
Introduced Session
2025 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: Tells a state agency to see if it is possible to get discounts on home loans for putting in renewable energy systems. Shows examples of the kinds of systems the agency should look into. Tells the agency to report back its findings to the legislature. (Flesch Readability Score: 60.0). Requires the Department of Consumer and Business Services to study the feasibility of providing discounted mortgage loans to home buyers who install energy generation improvements capable of providing electricity to a local utility. Directs the department to submit findings to interim com- mittees of the Legislative Assembly related to energy resources not later than September 15, 2026.
AI Summary
This bill directs the Department of Consumer and Business Services to conduct a study exploring the potential for offering discounted mortgage loans to homeowners who install renewable energy generation systems like photovoltaic (solar) cells and wind power equipment. The systems must be capable of both providing energy security for the homeowner and contributing electricity to local utility power grids. The department is required to submit a report to legislative energy resource committees by September 15, 2026, which may include recommendations for future legislation. The study provision will automatically be repealed on January 2, 2027, effectively making this a temporary directive. By investigating mortgage loan discounts for renewable energy installations, the bill aims to potentially incentivize homeowners to adopt more sustainable energy technologies and support local utility infrastructure.
Sponsors (1)
Last Action
Referred to Commerce and Consumer Protection with subsequent referral to Ways and Means. (on 01/17/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2775 |
| Open Government Impact Statement for HB2775 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/83751 |
| BillText | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB2775/Introduced |
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