General Assembly Raised Bill No. 7087 establishes a framework for shared clean energy subscriptions in Connecticut, set to take effect on October 1, 2025. The bill defines essential terms such as "billing credit," "shared clean energy merchant facility," and "subscriber," and outlines the responsibilities of shared clean energy subscription organizations and electric distribution companies. By January 1, 2026, the Public Utilities Regulatory Authority is required to create program requirements that allow retail end users to purchase subscriptions for shared clean energy facilities, enabling them to receive billing credits on their electricity bills. Importantly, subscribers can cancel their subscriptions without facing cancellation fees, and electric distribution companies must apply these billing credits to subscriber accounts.

Furthermore, the bill introduces a tax credit for qualified shared clean energy subscription organizations that employ at least five full-time employees, applicable for taxable income years from January 1, 2026, to January 1, 2030. This tax credit will be administered by the Commissioner of Revenue Services based on vouchers issued by the Commissioner of Economic and Community Development. The legislation aims to enhance the use of renewable energy sources and foster the growth of clean energy jobs in Connecticut. To facilitate these initiatives, the bill mandates the adoption of regulations for certifying qualified shared clean energy subscription organizations and includes deletions of outdated legal language to streamline the framework for shared clean energy initiatives.