This bill amends current law related to net metering in Rhode Island. It includes new definitions for terms such as "community remote system" and "core forest" and clarifies the eligibility criteria for receiving net-metering credits. The bill also allows eligible net-metering systems to be owned by third parties and offers financing arrangements for such systems. It sets limits on the aggregate amount of net metering in certain utility districts and the aggregate amount of community remote net-metering systems. The bill also establishes policies regarding net metering, including the maximum allowable capacity for eligible net-metering systems, the siting of eligible net-metering systems outside of core forests, and the removal of core forest for systems developed on preferred sites.

This bill also amends current law related to renewable-distributed-generation projects. It defines various terms related to distributed-generation projects and renewable energy and establishes different size categories for solar distributed-generation projects. The bill requires electric distribution companies to file tariffs each year to provide performance-based incentives to eligible renewable-distributed-generation projects. It also makes changes to the annual bidding and enrollment process for distributed-generation classes, including establishing annual MW targets and allowing for the reallocation of megawatts during an enrollment. The bill aims to provide more flexibility and incentives for distributed-generation projects and to encourage solar development in designated geographical areas.