Energy

HB 5340 establishes a new program to expand access to residential renewable energy by requiring electric distribution companies to offer tariffs for purchasing energy from small-scale, on-premise renewable systems (under 25 kilowatts). It directly affects low-income residential customers and those in affordable housing developments (defined as households earning ≤60% of area median income or meeting specific housing affordability criteria). The bill mandates the Public Utilities Regulatory Authority to create this program by July 2027, setting rates and terms that consider grid reliability, installation costs, and benefits to both participants and non-participants. The program will allow residential customers to sell excess renewable energy back to utilities under standardized terms for up to 20 years.