Energy: Innovative Renewable Energy for Buildings Act of 2022.

Existing law requires the State Energy Resources Conservation and Development Commission to administer the Alternative and Renewable Fuel and Vehicle Technology Program to provide financial assistance for the development and deployment of innovative technologies that transform California's fuel and vehicle types to help attain the state's climate change policies. This bill, the Innovative Renewable Energy for Buildings Act of 2022, would, until January 1, 2032, require the commission to establish and implement a program to provide financial incentives to producers for the production of renewable propane, renewable hydrogen, and renewable dimethyl ether meeting certain requirements and that is used as an energy source for buildings in the state. The bill would make implementation of the program contingent upon an appropriation in the annual Budget Act or other statute for these purposes. The bill would establish the Innovative Renewable Energy for Buildings Fund and would specify that moneys in the fund, upon appropriation by the Legislature, are available for expenditure of purposes of the program.