This legislation authorizes residential and commercial electric customers, including local governments, to install solar technology on their property and utilize such financing mechanisms as leases, private solar energy procurement agreements (whereby payments are based on the output of the system), and authorization for electric companies to finance projects for their customers. Providing solar financing services does not make an entity an electric service provider and the power must be used on site or fed back to the electric utility. The bill does not limit or usurp current local regulatory or land use authority.

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