Energy efficiency: financing options: custom agricultural and industrial efficiency projects.
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Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates a new program within the Public Utilities Commission to provide financial incentives for energy efficiency projects at industrial and agricultural facilities in California. Large electrical corporations will be required to establish and administer these programs, funded by energy efficiency charges, and the Governor’s Office of Business and Economic Development will review grant applications. The bill also modifies existing rules regarding custom energy efficiency projects, streamlining the approval process and shifting the focus to ensuring incentives are provided for projects exceeding current building standards.
Key provisions
- Large electrical corporations must establish and administer Industrial Decarbonization and Energy Efficiency Programs.
- Programs will award grants to eligible industrial and agricultural facilities for energy efficiency projects.
- Eligible projects include energy efficiency upgrades, carbon capture technologies, and industrial process heat recovery.
- The Governor’s Office of Business and Economic Development will review grant applications.
- The commission will revise rules for custom agricultural and industrial efficiency projects, replacing ex ante review with a process focused on incentive provision.
- Grants will fund up to 50% of eligible project costs.
- Facilities’ cumulative grant awards cannot exceed the amount they’ve paid in energy efficiency charges.
- Unused grant funds will be made available to other eligible facilities after five years.
Bill text
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Sponsors
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1 on record
Primary sponsor
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