Bill > HB1721

This bill limits the enrollment of new renewable energy systems in the Renewable Portfolio Standard (RPS) program and adjusts how Renewable Energy Certificates (RECs) are issued and managed. Specifically, the bill prohibits any new renewable energy systems from enrolling in the RPS program more than 6 months after the bill's effective date (July 1, 2026), effectively halting new system participation. Existing systems that were already operational before this date can continue to receive RECs, but with a new 20-year lifetime cap on REC eligibility. For systems that have already been receiving RECs for more than 15 years, the bill allows up to 5 additional years of REC credits. The Department of Energy is required to annually reduce Alternative Compliance Payment (ACP) requirements as the number of eligible REC-producing systems declines. This approach is designed to gradually wind down the RPS program, which could potentially impact renewable energy funding and related state energy initiatives, as the Renewable Energy Fund relies on ACP revenue to support various energy programs and staffing.

Business and Industry

https://gc.nh.gov/bill_Status/billinfo.aspx?id=2172&inflect=2