Michigan Laws 460.1203 – Residential energy projects program; establishment; itemized charges; right to propose differing program
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 460.1203
- Commission: means the Michigan public service commission. See Michigan Laws 460.1003
- Energy project: means the installation or modification of an energy waste reduction improvement or the acquisition, installation, or improvement of a renewable energy system. See Michigan Laws 460.1201
- Home energy audit: means an evaluation of the energy performance of a residential structure that meets all of the following requirements:
(i) Is performed by a qualified person using building-performance diagnostic equipment. See Michigan Laws 460.1201program: means a program as described in section 203(2). See Michigan Laws 460.1201 Property: means privately owned residential real property. See Michigan Laws 460.1201 Provider: means an electric provider or a natural gas provider. See Michigan Laws 460.1009 Record owner: means the person or persons possessed of the most recent fee title or land contract vendee's interest in property as shown by the records of the county register of deeds. See Michigan Laws 460.1201
(1) Pursuant to section 205, a provider whose rates are regulated by the commission may establish a residential energy projects program.
(2) Under a residential energy projects program, if a record owner of property in the provider’s service territory obtains financing or refinancing of an energy project on the property from a commercial lender or other legal entity, including an independent subsidiary of the provider, the loan is repaid through itemized charges on the provider’s utility bill for that property. The itemized charges may cover the cost of materials and labor necessary for installation, home energy audit costs, permit fees, inspection fees, application and administrative fees, bank fees, and all other fees that may be incurred by the record owner for the installation on a specific or pro rata basis, as determined by the provider.
(3) This act does not limit the right of a provider to propose a residential energy improvement program with elements that differ from those required for a residential energy projects program under this part or the authority of the commission to approve such a residential energy improvement program as reasonable and prudent.