This bill amends the use of the renewable energy fund by the Department of Energy, incorporating battery storage projects into the fund's scope, and authorizing the development of incentive, rebate, or grant programs for renewable thermal and electric energy projects, including those for political subdivisions. It repeals the requirement for a renewable generation incentive program and modifies the reporting date for the Department of Energy concerning the renewable energy fund from October to November, starting in 2024. Additionally, the bill adjusts the apportionment requirements for funding allocations, ensuring a balance between residential and nonresidential sectors over each two-year period, with specific provisions for low-moderate income residential customers and public housing residents.

The bill also mandates the Department of Energy to issue requests for proposals for renewable projects in the nonresidential sector that are not eligible for existing incentive and rebate programs. It repeals sections of the current law related to a residential small renewable generation incentive payment program. The changes are aimed at enhancing the flexibility and reach of the renewable energy fund to support a broader range of renewable energy projects and initiatives within New Hampshire. The act was approved on June 14, 2024, and is effective from the date of its passage.

Statutes affected:
Introduced: 362-F:10
As Amended by the Senate: 362-F:10
Version adopted by both bodies: 362-F:10
CHAPTERED FINAL VERSION: 362-F:10