An Act relative to green jobs

This bill creates the Massachusetts Energy Efficiency Authority to administer a Green Jobs program that offers loans for energy efficiency upgrades in homes and buildings. The loans are repaid through on-bill recovery charges, meaning borrowers pay the debt directly on their utility bills rather than through traditional bank payments. The fund supporting these loans is split between two accounts, with at least half reserved for residential and multi-family projects, and it includes provisions to help borrowers with less access to standard financing. Additionally, the authority can contract with third parties to manage the program and may provide up to $500,000 to utility companies to cover the costs of implementing this billing system.