projects installed under this section including external costs
for utility companies to upgrade transformers for energy grid
capacity and the revenue and energy cost savings accruing to
Commonwealth agencies from those projects through net metering
credits, electricity sales, the sale of renewable energy
credits, other Federal or State incentive programs and other
sources of revenue or energy cost savings.
(c) Revenue positive projects.--Annually, the Office of the
Budget shall determine which renewable energy projects have paid
back their initial costs with revenue and energy cost savings.
These projects shall be known as revenue positive projects. Once
this determination has been made, future revenue or energy cost
savings from revenue positive projects shall be credited into
the Renewable Energy Workforce Development Fund, which is
established in the State Treasury.
(d) Use of fund.--The department and the Department of Labor
and Industry shall direct the use of money in the fund, in
consultation with the council. Money in the fund shall be used
to provide job training, education and job placement assistance
for residents of this Commonwealth to work in the clean energy
and energy efficiency industry. At least 50% of the money in the
fund shall be used on an annual basis for programs and
initiatives that primarily benefit fossil fuel workers displaced
in the transition to renewable energy.
(e) Report.--The department shall submit an annual report to
the Governor, the General Assembly and the council describing
progress toward meeting goals for renewable energy installations
on State properties, the costs and revenue associated with each
project, the amount of revenue generated for the fund and
expenditures from the fund.
20230HB1740PN2098 - 17 -
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