SB 1333 — Commonwealth Solar and Economic Development Program; created.

SESSION SENATEENGROSSED SUBSTITUTE 23104715D SENATE BILL NO.

1333 AMENDMENT IN THE NATURE OF A SUBSTITUTE (Proposed by the Senate Committee on Agriculture, Conservation and Natural ResourcesResources) on January 17, 2023) (Patron Prior to Substitute––Senator Hashmi) ASenate BILLAmendments toin amend[ and] reenact- §§February 45.2-1912,2, 45.2-1913,2023 45.2-1915,A 45.2-1916,BCode and 45.2-1917 of theVirginia, moderate-incomerelating Virginians.toto solar and energy efficiency projects for low-income and Beof it enacted by the Generalmoderate-income AssemblyVirginians. of Virginia:

1.Be it enacted by the General Assembly of Virginia:

E 1.

"Board"G meansAs theused Cleanin Energythis Advisoryarticle, Boardunless createdthe pursuantcontext torequires §a 45.2-1913.different meaning:

SR "Fund""Board" means the Low-to-ModerateClean IncomeEnergy SolarAdvisory LoanBoard and Rebate Fund created pursuant to § 45.2-1916.45.2-1913.

E"Fund" "Program"means the Low-to-Moderate Income Solar Loan and Rebate Fund created pursuant to O § 4"Program" means the Low-to-Moderate Income Solar Loan and Rebate Pilot Program created S pursuant to § 45.2-1917.

NS "Solar energy system" means equipment that directly converts and then transfers or stores solar systems"energy asinto thatusable termforms isof definedthermal inor §electrical 58.1-3660.l energy.

"Solar energy system" includes "energA"energy storage systems" as that term is defined in § 45.2-1913.58.1-3660.

D § 45.2-1913.

T The Clean Energy Advisory Board is established as an advisory board in the executive branch of state government.

The purpose of the Board is to establish a pilot program for disbursing grantE,grants, loans, or rebates for the installation of solar energy and storage infrastructure and energy efficiency improvements in low-income and moderate-income households.

Advise the Director on the management and operation of the Fund and Program pursuant to thetSe provisions of § §§ 45.2-1916 and 45.2-1917;

UB 2.

Develop, establish, and operate, with the approval of the Director, the Program pursuant Bo3o the provisions of § 45.2-1917;

institution or other financial institutions to further the purposes of the Program;t financial S 4.

Advise the Director on the distributionpossibility of moneysworking inwith thea Fundcommunity indevelopment thefinancial formS ofinstitution loans or rebatesother 36financial pursuantinstitutions to further the provisionspurposes of § 45.2-1917 to apply to the U.S.Program;

Environmental1 Protection4. Agency for 37 federal loan guarantees or grant funds made available pursuant to the federal Inflation Reduction Act / 38 (P.L.

117-169)3. or other similar federal legislation to facilitate the development of solar enerTy, storage, 39 and energy efficiency projects;

andAdvise Uthe documentDirector ason providedthe distribution of moneys in the proceduresFund in the form of loans or rebates 36 pursuant to the Divisionprovisions of Legislative§ Automated45.2-1917 Systems[ (i) to apply for thereportfederal processingloan ofguarantees legislativeor documentsgrant andfunds reports.to 38 the U.S.

TheEnvironmental chairmanProtection shallAgency submitfor tofederal theloan Governorguarantees andor thegrant Generalfunds Assemblymade anavailableapply annualto executive39 summarypursuant ofto the interimfederal activityInflation andReduction workAct of(P.L. the Board no lEter than the first day of each regular session of the General Assembly.

117-169) or other similar federal legislation to 40 facilitate the development of solar energy, storage, and energy efficiency projects;

and 5.

4.

Submit to the Governor and the General Assembly an annual report for publication as a report document as provided in the procedures of the Division of Legislative Automated Systems for the processing of legislative documents and reports.

The chairman shall submit to the Governor and the General Assembly an annual executive summary of the interim activity and work of the Board no later than the first day of each regular session of the General Assembly.

All funds appropriated for such purpose and any gifts, donations, grants, bequSsts,bequests, and other funds received on its behalf shall be paid into the state treasury and credited to the Fu1d.Fund.

Interest theearned Fund,on includingmoneys interestin thereon, at the endFund of each fiscal year shall notremain revertin to the generalFund fundand butbe shallcredited remainto init. the Fund.

MoneysAny moneys remaining in the FundFund, shallincluding beinterest usedthereon, solelyat for the purposesend of extendingeach grantsfiscal andyear loansshall ornot payingrevert rebates to electricthe customersgeneral whofund completebut solarshall installationsremain orin energy efficiency improvements pursuant to the provisionsFund. of § 45.2-1917.

ExpendituresMoneys andin disbursements from the Fund shall be madeused bysolely for the Statepurposes Treasurerof onextending warrantsefficiency issuedimprovements bypursuant to the Comptrollerprovisions uponof written§ request45.2-1917. signed by the Director.

SB1333S1Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written SB1333ES1 2 of 2 §request 45.2-1917.signed by the Director.

§ 45.2-1917.

(iii) evidence of the completion of a home performance audit, conducted by a qualified local weatherization service providerprovideror or provider approved by the Department of Housing and Community Development, before and after installation of energy efficiency services such as lighting or insulation improvements, attic tents, weatherization, air sealing of openings in the building envelope, sealing of ducts, or thermostat upgrades, to demonstrate that such energy efficiency services were completed and resulted in a reduction in consumption of at least 12 percent;