Public contracts for energy efficiency services; extend the repealer of.

Extended the repeal date of Section 31-7-14 from July 1, 2025 to July 1, 2029, giving public entities four additional years to use energy efficiency contracts and service agreements.

Added two new definitions: 'Capital cost avoidance' (planned capital improvements avoided through energy projects) and 'Alternative fuel motor vehicle' (vehicles using alternative fuels as dedicated, bi-fuel, or dual fuel options).

Added new requirement that the simple payback period for any energy contract must not exceed 20 years, and individual conservation measures cannot be evaluated separately if the overall contract meets this standard.

Added requirement that shared-savings and energy performance contracts must include a guarantee of savings clause from the service provider.

Added reporting requirements where entities must submit energy usage data to the Energy Division by March 1 and September 1 each year, with providers losing qualified status after two violations.

Added provisions allowing the Energy Division to provide financing to entities and nonprofit hospitals for energy efficiency equipment and services.

Added tax exemption for lease-purchase agreements and income from those agreements, except for gift, transfer, and inheritance taxes.