HB1132

Establishes a local residential renewable energy incentive program funded by data center tax revenue.

This bill creates a local residential renewable energy incentive program funded by tax revenue from data centers. Localities with data centers must allocate a portion of tax revenue to an incentive fund for residential solar and battery storage investments. The fund prioritizes grants for low-income households and those with high energy costs. The program aims to reduce utility bills, lower fossil fuel reliance, and minimize future electricity costs for residents. Unused funds are considered surplus and can be transferred to the general fund.