Bill > SB599

This bill modifies the management of the renewable energy fund by establishing a new priority for fund allocation. Specifically, the bill requires that any remaining moneys paid into the fund (excluding class II moneys) will first be used by the Department of Energy for administrative costs, with a cap of $1,000,000 annually. After covering administrative expenses, up to $1,000,000 will be used to support thermal and electrical renewable energy initiatives, with a strict prohibition on using these funds for individual residential solar projects. Any additional remaining funds will be transferred to the general fund. The bill applies to funds collected between July 1, 2025, and June 30, 2027, and takes effect immediately upon passage. The fiscal note indicates that this legislation aligns with existing budget assumptions and will not create additional fiscal impact, as the state budget already projected a similar allocation structure, including depositing approximately $4,000,000 per year into the General Fund after administrative and renewable energy initiative costs are covered.

Agriculture and Natural Resources, Business and Industry

https://gc.nh.gov/bill_Status/billinfo.aspx?id=1469&inflect=2