HB 2269

Abstract

Revenue share for solar energy projects and energy storage systems. Allows localities to assess a revenue share of up to $1400 per megawatt on energy storage systems. The bill provides that on July 1, 2026, and every five years thereafter, the maximum amount of the revenue share that a locality may impose on certain solar energy projects and energy storage systems shall be increased by 10 percent. No increase may be made to any revenue share imposed by a locality on a solar energy project or energy storage systems for which an application has been filed with the locality and such application has been approved prior to January 1, 2021.

Revenue share for solar energy projects.Provides that every five years the maximum amount of the revenue share that a locality may impose on certain solar energy projectsshall be adjusted by the percentage by which the Consumer Price Indexfor All Urban Consumers (CPI-U), as published by the Bureau of LaborStatistics of the U.S. Department of Labor, for the most recent calendaryear exceeds the CPI-U published at the close of the 12-month periodending on December 31, 2020. The bill also provides that the localitymay substitute the Marshall and Swift Building Cost Index, or anysuccessor index, for the CPI-U in its calculation of the adjustment.