Bill > SB1588

This bill requires each electric company to create an "inclusive utility investment program" to help customers pay for energy efficiency upgrades or renewable energy projects, such as solar panels or electric heat pumps, with the goal of reducing their utility costs. These programs must ensure customers see immediate and ongoing savings, with the cost of the project being less than the estimated savings, and customers will not be required to make an upfront payment, though they can choose to pay down costs. The programs must be accessible to low-income customers and environmental justice communities, and electric companies will need to secure capital for these projects, potentially through third-party lenders, while aiming for the least costly sources to maximize customer savings. The Public Utility Commission, or "commission," will have the authority to set minimum financial savings standards and offer performance incentives to electric companies, and approved programs must be available to customers by January 1, 2028.

Agriculture and Natural Resources

https://olis.oregonlegislature.gov/liz/2026R1/Measures/Overview/SB1588