Bill > HB505

This bill renames the "renewable energy portfolio standard" to the "clean energy portfolio standard" and makes several key changes to Maryland's clean energy regulations. The bill increases the required percentage of energy from clean sources, reaching 75% by 2030, with specific targets for solar energy (up to 14.5%), offshore wind, and geothermal systems. It introduces nuclear energy as a clean energy source and establishes a process for the Public Service Commission to review and approve nuclear energy generation projects. The bill also adjusts the clean energy portfolio standard requirements for electric cooperatives and municipal electric utilities. Additionally, it modifies provisions related to renewable energy credits, including new requirements for solar water heating systems, geothermal heating and cooling systems, and thermal biomass systems. The bill aims to reduce greenhouse gas emissions, promote clean energy development, and create opportunities for businesses in the clean energy sector. The changes will take effect on July 1, 2025, and will apply to clean energy portfolio standard compliance years beginning on or after January 1, 2025.

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https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0505?ys=2025RS