Regulates rebates from electrical corporations for solar panels

HB 1731 creates a state-regulated rebate program for homeowners and businesses installing solar energy systems paired with energy storage. It requires electrical corporations to offer per-watt rebates (ranging from $2.00 to $0.25 per watt) based on installation dates between 2026 and 2032, with decreasing amounts over time. To qualify, customers must install a "smart inverter" (safety-compliant solar inverter), add energy storage, and transfer renewable energy credits for 10 years. The bill caps annual and total rebate costs for utilities based on their customer size (e.g., large utilities capped at $5.6 million annually) and allows utilities to recover rebate costs through rate adjustments.