The proposed legislation, General Assembly Raised Bill No. 7091, aims to enhance the oversight of the Energy Assessment Program for residential homeowners by instituting new auditing requirements. Specifically, it repeals subsection (f) of section 16-245n and replaces it with provisions that mandate annual reports from the Connecticut Green Bank to the Department of Energy and Environmental Protection. These reports will detail the bank's activities and collaborations with the Conservation and Load Management Plan. Additionally, the Clean Energy Fund and the Environmental Infrastructure Fund will now be subject to annual audits conducted by independent certified public accountants, who may also serve as the accountants for the Connecticut Green Bank.

Furthermore, the bill introduces specific auditing requirements for entities receiving funding from the Clean Energy Fund for energy assessments for residential homeowners. These entities will be required to undergo a biennial audit by the Auditors of Public Accounts and must provide necessary information for the audit. While residential projects involving one to four dwelling units are exempt from annual auditing requirements, they must grant permission for their utility companies to release usage data to the Connecticut Green Bank. The bill is set to take effect on October 1, 2025.