Allows value of SREC-IIs to be included in cost-benefit calculations under energy savings improvement programs.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill allows local school districts, charter schools, and other entities authorized to participate in energy savings improvement programs to consider the value of SREC-IIs (a renewable energy certificate program) when determining if the energy savings from these programs will justify the initial investment. Currently, the fluctuating value of SRECs prevented their inclusion in cost-benefit calculations. This change aims to provide a more stable and predictable financial picture for these energy efficiency projects. By incorporating SREC-II values, the bill seeks to encourage greater investment in energy conservation measures within these institutions.
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