SB1333: Commonwealth Solar and Economic Development Program; created.

Legislative Summary

Solar and energy efficiency projects for low-income and moderate-income Virginians. Allows the Clean Energy Advisory Board to advise the Director of Department of Energy (Director) to apply to certain federal loan guarantees or grant funds to facilitate the development of solar energy, storage, and energy efficiency projects. The bill expands the Low to Moderate Income Solar Loan and Rebate Fund to extend grants in addition to loans or paying rebates to electric customers who complete solar installations or energy efficiency improvements subject to certain requirements provided in the bill. The bill adds an additional criteria for an applicant of the Low to Moderate Income Solar Pilot Program to satisfy in order to be eligible for a grant, loan, or rebate. Finally, the bill extends the time that the Director is required to respond to an application of such program from 30 to 60 days. Solar and energy efficiency projects for low-income and moderate-income Virginians. Allows the Clean Energy Advisory Board to advise the Director of Department of Energy (Director) to apply to certain federal loan guarantees or grant funds to facilitate the development of solar energy, storage, and energy efficiency projects. The bill expands the Low to Moderate Income Solar Loan and Rebate Fund to extend grants in addition to loans or paying rebates to electric customers who complete solar installations or energy efficiency improvements subject to certain requirements provided in the bill. The bill adds an additional criteria for an applicant of the Low to Moderate Income Solar Pilot Program to satisfy in order to be eligible for a grant, loan, or rebate. Finally, the bill extends the time that the Director is required to respond to an application of such program from 30 to 60 days.