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127th MAINE LEGISLATURE |
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LD 1073 |
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LR 1084(02) |
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An Act To Lower
Energy Costs and Increase Access to Solar Energy for Agricultural Businesses |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Energy, Utilities and Technology |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2015-16 |
FY 2016-17 |
Projections FY 2017-18 |
Projections FY 2018-19 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$375,000 |
$500,000 |
$250,000 |
$0 |
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| Revenue |
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Other Special Revenue Funds |
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$375,000 |
$500,000 |
$250,000 |
$0 |
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| Transfers |
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Other Special Revenue Funds |
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$0 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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The bill
establishes the Solar Energy Agricultural Rebate Fund within Efficiency Maine
Trust (EMT) to provide rebates to agricultural businesses for cost-effective
solar photovoltaic and solar thermal technologies. The fund is funded through
assessments by the Public Utilities Commission on transmission and
distribution utilities. The amount of all assessments must result in total
program expenditures by each transmission and distribution utility of 0.005
cents per kilo-watt hour. New Other Special Revenue Funds revenue of $375,000
in fiscal year 2015-16, $500,000 in fiscal year 2016-17 and $250,000 in
fiscal year 2017-18 will be transferred to the EMT. The bill repeals these
activities on December 31, 2017. This bill includes Other Special Revenue Funds
allocations of $375,000 and $500,000 in fiscal years 2015-16 and 2016-17,
respectively, for providing rebates for cost effective solar photovoltaic and
solar thermal technologies. Any additional costs to EMT to implement this
legislation are expected to be minor. |
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