Sharon Racusin

STOP CUTTING FUNDING TO IMPORTANT REVENUE. This bill would eliminate Renewable Energy Fund (REF) revenue flowing from Renewable Energy Certificates (RECs) by mid-2028. That would end all REF-funded programs, including grants for non-residential projects and low/moderate income solar initiatives. The Department of Energy says average REC revenue over the past five years has been about $6.7 million annually, so the elimination of this revenue stream could lead to the loss of nine full-time positions currently funded by the REF. The bill might slightly decrease electricity costs by eliminating the REC procurement costs, but it could be very damaging to the renewable energy sector.