Senate Bill 1124 aims to amend Tennessee law regarding net metering credits for solar energy systems. The bill introduces a new section to Tennessee Code Annotated, Title 47, Chapter 18, which defines key terms such as "company," "net metering credit," "solar energy system," and "utility." It mandates that any company selling or installing a solar energy system must provide written proof that the local utility has a net metering program before entering into an agreement. This proof must include a description of the net metering program, associated fees, and a notarized document from the utility confirming the existence of the program.

Additionally, the bill establishes that violating the requirement to provide this proof is considered an unfair or deceptive act, subjecting the violator to penalties as outlined in the existing law. The bill also amends Section 47-18-104(b) to include violations of the new section as a specific offense. The provisions of this act will take effect on July 1, 2025, and will apply to agreements made or modified after that date.

Statutes affected:
Introduced: 47-18-104(b), 47-18-104