HB 4037 Directs Oregon Business Development Department to establish incentivize solar energy program.

This bill directs Oregon Business Development Department to establish program to incentivize solar energy. Establishes Solar Incentivization Fund for purposes of program. Sunsets 1/2/2023. Declares an emergency.

Free Markets: Bill creates a program that will incentivize generating electricity from solar energy, an effort that incentivizes an agenda rather than following a free market policy. Qualified facilities can be investor-owned or publicly-owned and must be located in Oregon, have a nameplate capacity of at least 2 megawatts but not more than 10 megawatts, be connected to the electrical system of a utility and must have a meter that monitors and measures the quantity of electricity generated. Once accepted into the program, the department will make monthly payments to the enrollee for 5 years. The rate will be ½ cent per kilowatt of electricity generated. (This rate would amount to $10 at 2Mwt and $50 at 10MWt.) Enrollment of new applicants will close on the date that the total nameplate capacity of all enrolled fields reaches 150MWt or 1/2/23.

Fiscal Responsibility:   With a capacity of 150MWt being generated by all enrollees, the payout will be $18,250 per year.  The bill establishes a Solar Incentivization Fund but does not allocate money to the fund.  It does allow the department to accept grants, donations or gifts of money for deposit in the fund

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