This bill amends the General Laws in Chapter 39-26.4, which is titled "Net Metering." The bill adds definitions for "community remote system" and "eligible credit recipient" and makes changes to the definition of "eligible system." It updates and clarifies the definitions and terms used in the net metering chapter of the General Laws.

The bill also amends the definition of "net metering" in current law and defines terms such as "excess renewable credit," "farm," "hospital," "multi-municipal collaborative," "nonprofit," "person," "project," "public entity," "renewable credit," and "renewable self-generator." It changes the calculation of renewable credits and specifies that the renewable net-metering credit for remote public entity and multi-municipal collaborative net-metering systems shall not include the distribution kilowatt-hour charge starting in 2050.

Overall, this bill relates to net-metering of electricity from eligible net-metering systems and community remote net-metering systems. It redefines the term "eligible net-metering system" and allows property owners with eligible net-metering systems to allocate excess net-metering credits to any meter on the property.