Reestablishes the Agricultural Development and Food Security Special Fund. Establishes the Carbon Emissions Tax and Dividend Special Fund. Gradually increases the Environmental Response, Energy, Carbon Emissions, and Food Security tax rates and establishes a refundable carbon cashback tax credit to offset increases for most taxpayers. Requires reports to the Legislature. Appropriates funds.
Authorizes state facilities to wheel electricity produced by their own facility from renewable energy sources to other state facilities pursuant to administrative rules or orders established by the Public Utilities Commission. Requires the Public Utilities Commission to submit a report to the Legislature. Effective 7/1/2050. (SD2)
Requires the Hawaii State Energy Office to contract with a third-party consultant to develop a Climate Protection Plan for delivery to the Legislature no later than twenty days prior to the convening of the Regular Session of 2029. Establishes a Climate Protection Advisory Committee to assist the third-party consultant. Appropriates funds.
Beginning 1/1/2027, requires each county to implement fare-free access to its public transportation systems. Establishes the Fare-Free Public Transportation Tax and Dividend Special Fund. Increases the Environmental Response, Energy, and Food Security Tax on petroleum products to fund fare-free public transportation.
Establishes the Underground Energy Resource Characterization Program to identify the location and characteristics of underground energy resources through the use of slim-hole bores and requires a related environmental assessment or environmental impact statement. Requires a report to the legislature. Appropriates funds.
Establishes the Hawaii Home Energy Assistance Program within the Department of Human Services to assist qualifying households in paying their energy bills. Requires the Public Utilities Commission Public Benefits Fee Administrator to provide certain information and assistance to recipients of the program. Appropriates funds to implement the program. Effective 7/1/3000. (HD1)
HB 1695 expands an existing tax credit for renewable fuel producers, allowing them to claim additional credits for fuels produced after December 31, 2025. This bill directly affects businesses manufacturing renewable fuels like ethanol or biodiesel by increasing their potential tax savings. The key provision extends the credit to taxable years beginning after 2025, with an effective date listed as July 1, 3000 (likely a typo for 2030). The bill is currently pending before the TRN committee, having been deferred for further review in February 2026, and has not yet become law.
Requires purchase, lease, and power purchase agreements for residential solar energy devices to include a cover page with certain required disclosures. Requires any person or entity that markets, sells, leases, or solicits a residential solar energy device or markets, sells, or solicits power purchase agreements to comply with consumer protection laws. Prohibits any person or entity from installing, marketing, offering financing, or engaging in customer acquisition for a residential solar energy device without holding a contractor's license or having a contractual affiliation with a licensed contractor. Allows for rescission or cancellation of the agreement. Specifies that agreements in violation of the law are voidable. Effective 7/1/3000. (HD1)
SB 585 authorizes the issuance of special purpose revenue bonds to fund the construction of a biogas production facility by Bana Pacific Inc. The bill directly affects Bana Pacific Inc. by providing a financing mechanism for their facility, with bonds repaid through the facility's future revenue. Key provisions include enabling the company to borrow funds specifically for this project, backed by the facility's operational income rather than general tax revenue. This policy change creates a dedicated funding stream for the biogas facility without requiring taxpayer money.
Requires self-service stations to put Public Utilities Commission-approved labels on gas dispensing equipment to advise consumers on the effects of fossil fuel consumption to human health and the environment.
