Repeals the renewable energy growth program.

Plain-English Summary

This bill would eliminate Rhode Island's Renewable Energy Growth (REG) program, which is an existing state program that allows homeowners, businesses, and other property owners to generate electricity from renewable energy sources — like solar panels — and sell that power back to the electric grid. Under the current program, participants receive payments for the clean energy they produce, helping to offset their energy costs while also adding renewable power to the state's electricity supply.

If passed, this bill would end the REG program entirely, meaning no new participants could enroll and the existing structure that supports these arrangements would be dismantled. This would primarily affect property owners who currently participate in the program or who were considering joining it to earn credits or payments for generating their own renewable energy. It could also affect solar energy companies and contractors who rely on the program to attract customers.

At this point, the bill is in its early stages. It was introduced in the Rhode Island House of Representatives and referred to the House Corporations Committee, which then recommended holding it for "further study" — meaning lawmakers are not ready to move it forward yet and want more time to review its potential impact before taking action.