The bill introduces a new chapter, Chapter 36, to Title 39 of the General Laws, establishing a moratorium on net metering, long-term contracts, and subsidies for heat pumps. It defines key terms such as "heat pump," "long-term contract," "net metering," "solar energy," and "wind energy." The bill explicitly prohibits the renewal or entry into any net metering contracts regulated by state law, and it prohibits the state of Rhode Island from entering into long-term contracts for the purchasing of solar or wind energy from any energy provider. Additionally, it restricts the use of state funds for subsidizing the purchase or installation of heat pumps by any utility or governmental agency.

This moratorium is set to take effect on January 1, 2027.