Bill > S2299

This bill establishes the Massachusetts Energy Efficiency Authority, a new public entity designed to create and administer the Green Jobs Massachusetts program. The authority will establish a Green Jobs Loan Fund with two separate accounts: one for residential and multi-family structures, and another for non-residential structures. The program will provide loans to eligible recipients for energy efficiency services, with repayment made through on-bill recovery charges added to utility bills. Loans will be limited to $13,000 for residential projects and $26,000 for non-residential projects, with potential exceptions for projects with a payback period of 15 years or less. Electric and gas corporations will be required to help implement the program by offering billing and collection services, with initial participation limited to a small percentage of their customers. The authority will carefully track the program's performance, collecting data on energy usage, customer participation, and program outcomes. Borrowers will have the right to cancel loan agreements within five business days, and the program includes consumer protections such as clear loan disclosure requirements and complaint resolution mechanisms. The authority must submit an annual report detailing the program's activities, including the number of loans, fund balances, energy savings, and job creation estimates.

Transportation and Infrastructure

https://malegislature.gov/Bills/194/S2299