| 122nd MAINE LEGISLATURE | |||||||||
| LD 1586 | LR 2277(02) | ||||||||
| An Act To Encourage the Use of Solar Energy | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Utilities and Energy | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $208,412 | $194,735 | $233,436 | $280,123 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $30,000 | $0 | $0 | $0 | |||||
| Other Special Revenue Funds | $0 | $0 | $0 | $0 | |||||
| Revenue | |||||||||
| General Fund | ($178,412) | ($194,735) | ($233,436) | ($280,123) | |||||
| Other Special Revenue Funds | ($9,588) | ($10,465) | ($12,804) | ($15,365) | |||||
| Fiscal Detail and Notes | |||||||||
| The income tax credit and sales tax reimbursement contained in this bill are expected to reduce General Fund revenue by $178,412 in fiscal year 2005-06 and $194,735 in fiscal year 2006-07. Other Special Revenue for Municipal Revenue Sharing will be reduced by small amounts. This bill also includes a General Fund appropriation of $30,000 for Maine Revenue Services for the related computer programming costs. | |||||||||
| This legislation allocates $500,000 annually for the newly established Solar Rebate Program Fund. The source of funds is a .005 cent per kilowatt hour assessment on certain transmission and distribution utilities. The .15 cent cap on the assessment for the existing Conservation Program Fund is reduced to .145 so there is no net increase in total assessment for the combined programs. The bill includes an offsetting deallocation to the Conservation Program Fund of $500,000 in fiscal year 2005-06 and 2006-07. | |||||||||
| The additional costs associated with administering solar energy programs can be absorbed by the Public Utilities Commission utilizing existing budgeted resources. | |||||||||